Post #566270

Trump makes his masters’ biddings while the rest of us argue about the shiny objects and humanitarian losses. The clear winner of this war is the American oil industry. Why? They don't need the Strait of Hormuz to reach the customer. • The Export Advantage: As a net oil exporter, U.S. shale producers in the Permian Basin are watching WTI skyrocket 37% in just one week—climbing from $67 to over $91. • The Players: Domestic majors like ExxonMobil and Chevron are seeing profit margins explode because they are selling domestic oil at "war-risk" prices without the shipping risks of the Middle East. • The Trump administration is already moving to cut "red tape"—including a move yesterday to roll back $6 billion in offshore drilling financial requirements. With oil at $91, they don't need much encouragement. The financial incentive to drill is the highest it’s been since the 2022 energy crisis, and “we the people” will pay for it, while the Iranian people will die for it. If we set aside innocent people’s suffering, which means nothing to MAGA cultists (only their personal suffering is relevant to them), not even the most stubborn MAGA cultists can argue against that regular folks won't see a dime of the oil industry’s record profits but rather add to it. Not since the 1970s or the start of the Ukraine war in 2022 has oil spiked with this kind of velocity, and we are already seeing it at the pump—the national average jumped 27 cents this week to $3.25. It won’t stop there; it’ll hit our energy bills, travel, and the cost of all goods - cost of living. It’s worth considering this next time there’s a right wing “outrage” over government subsidies to build a couple of solar parks, or when someone suggests that these oil companies should pay more taxes to finance the military power, deaths and injuries, infrastructure, and security that yield and protect their record-breaking profits, which are now paid for by our tax dollars… or when the pro-lifers wring their hands.