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turbinetree

(27,441 posts) Thu Mar 12, 2026, 10:02 AM Thursday

'We make a lot of money': Trump tries to convince people that high oil prices are good

By David Edwards
Published March 12, 2026 9:39 AM ET

Two weeks into the war with Iran, President Donald Trump said that he had concluded that high oil prices benefit America.

"The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money," the U.S. President wrote in a Truth Social post on Thursday. "BUT, of far greater interest and importance to me, as President, is stoping [sic] an evil Empire, Iran, from having Nuclear Weapons, and destroying the Middle East and, indeed, the World. "

"I won’t ever let that happen! Thank you for your attention to this matter," he added.

https://www.rawstory.com/trump-oil-prices-panicked-plea/

Oh, yippie the Warton School of Business and Economics logic comes shining through once again.................again what were his supposed grades..........and just for the rant....................this traitor gets everything paid for him by the taxpayers, while we have to pay our own way................Costco gas prices has jumped to $0.60 cents a gallon................

14 replies

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Highlight:

'We make a lot of money': Trump tries to convince people that high oil prices are good (Original Post) turbinetree Thursday OP

The brighter MAGATs, an admittedly small group, might ask who is 'we'? BeyondGeography Thursday #1

Trump is telling the world WSHazel Thursday #2

So when can "We" expect to see some of this $ Endlessmike56 Thursday #3

That's socialism and communism durablend Thursday #7

He'll say anything to get attention. OLDMDDEM Thursday #4

We? UpInArms Thursday #5

Considering what a fucking disaster this is Oil is still only $95 a barrel Bengus81 Thursday #6

What"s good for Milo Minderbinder... Thunderbeast Thursday #8

. dalton99a Thursday #9

MaddowBlog-Trump and his allies pitch a new idea: Maybe higher gas prices aren't 'bad news' LetMyPeopleVote Thursday #10

Could you imagine what MAGA or Fox News would say if Biden said this? LetMyPeopleVote Thursday #11

Trump's oil boast has cringing industry execs running for cover: report LetMyPeopleVote Friday #12

trump is claiming that high gas costs are good (only for the oil companies) LetMyPeopleVote Saturday #13

Good luck with that. Morbius Saturday #14

BeyondGeography

(41,037 posts)

1. The brighter MAGATs, an admittedly small group, might ask who is 'we'?

Reply to turbinetree (Original post)

Thu Mar 12, 2026, 10:05 AM

Thursday

WSHazel

(742 posts)

2. Trump is telling the world

Reply to turbinetree (Original post)

Thu Mar 12, 2026, 10:08 AM

Thursday

That he started a war to help American oil producers? Do any of these idiots in this Administration think for a second about the message that sends to the rest of the world?

Endlessmike56

(185 posts)

3. So when can "We" expect to see some of this $

Reply to turbinetree (Original post)

Thu Mar 12, 2026, 10:11 AM

Thursday

durablend

(9,212 posts)

7. That's socialism and communism

Reply to Endlessmike56 (Reply #3)

Thu Mar 12, 2026, 10:20 AM

Thursday

OLDMDDEM

(3,158 posts)

4. He'll say anything to get attention.

Reply to turbinetree (Original post)

Thu Mar 12, 2026, 10:14 AM

Thursday

UpInArms

(54,850 posts)

5. We?

Reply to turbinetree (Original post)

Thu Mar 12, 2026, 10:14 AM

Thursday

No, WE end up paying more for a needless war and higher prices for everything else

What a stupid collection of cells

Bengus81

(10,124 posts)

6. Considering what a fucking disaster this is Oil is still only $95 a barrel

Reply to turbinetree (Original post)

Thu Mar 12, 2026, 10:18 AM

Thursday

Why is that? If Biden would have pulled this shit show why is it I think oil would be $120 by now looking for $140?

Thunderbeast

(3,810 posts)

8. What"s good for Milo Minderbinder...

Reply to turbinetree (Original post)

Thu Mar 12, 2026, 10:43 AM

Thursday

...is good for America!

Catch 22
Joseph Heller

dalton99a

(93,882 posts)

9. .

Reply to turbinetree (Original post)

Thu Mar 12, 2026, 10:47 AM

Thursday

LetMyPeopleVote

(178,969 posts)

10. MaddowBlog-Trump and his allies pitch a new idea: Maybe higher gas prices aren't 'bad news'

Reply to turbinetree (Original post)

Thu Mar 12, 2026, 04:25 PM

Thursday

We’ve reached the point at which the president wants consumers to be glad they’re paying more at the pump.

Trump, in late October: â€œWith the Democrats, youâ€™ll be paying , , and a Gallon.â€

Trump, today, as gas prices approach the levels he warned about five months ago: â€œWhen oil prices go up, we make a lot of money.â€

If Dems are lucky, the White House will keep pushing this line.
— Steve Benen (@stevebenen.com) 2026-03-12T16:48:06.117Z

https://www.ms.now/rachel-maddow-show/maddowblog/trump-and-his-allies-pitch-a-new-idea-maybe-higher-gas-prices-arent-bad-news

It was against this backdrop that the Republican president rolled out a very different kind of message on Thursday morning. Just 17 weeks after he wrote, “Under President Trump, ME, Gasoline will come down to approximately $2 a Gallon,” Trump tried selling Americans on the opposite message.

“The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money,” Trump wrote.

Yes, we’ve reached the point at which the president wants consumers to be glad they’re paying more at the pump.

As a substantive matter, the problem with Trump’s claim is that the word “we” was doing a lot of work in his sentence. It’s true that the United States is producing a lot of oil, and it’s also true that higher prices help generate oil industry profits. But since the number of Americans who benefit from oil industry profits is very small, few will likely celebrate the hit to their wallets.

Complicating matters, Trump isn’t alone on this. Kelly Loeffler, head of the Small Business Administration, downplayed the importance of rising gas prices in a podcast interview this week. And on Thursday morning, Energy Secretary Chris Wright appeared on Fox News and pushed a line that was eerily similar to the president’s: “Fortunately, the United States, we produce more oil than we can consume; we’re a net oil exporter. So overall for the U.S. economy, this isn’t bad news.”

This is a message that Republicans will continue to embrace in the coming weeks and months if Democrats are extremely lucky.

LetMyPeopleVote

(178,969 posts)

11. Could you imagine what MAGA or Fox News would say if Biden said this?

Reply to turbinetree (Original post)

Thu Mar 12, 2026, 08:19 PM

Thursday

LetMyPeopleVote

(178,969 posts)

12. Trump's oil boast has cringing industry execs running for cover: report

Reply to turbinetree (Original post)

Fri Mar 13, 2026, 07:20 PM

Friday

The only entities making money due to higher oil and gas prices are the US oil companies. Regular people are NOT benefiting from higher oil and gas prices. trump's attempt to spin the benefits of higher gas and oil prices are pissing off the oil companies who really do NOT want US consumers to focus on the fact that they are paying for these oil companies' excess profits and earnings.

Trump's boastful Truth Social post about oil industry profits has created an embarrassing moment for energy executives who desperately want those windfall gains to remain out of public view.
— Raw Story (@rawstory.com) 2026-03-13T20:36:06Z

https://www.rawstory.com/trump-oil-2676098825/

Trump's boastful Truth Social post about oil industry profits has created an embarrassing moment for energy executives who desperately want those windfall gains to remain out of public view.

As crude oil prices settled around $95 per barrel—far above the industry's preferred $60 threshold—Trump declared on Truth Social: "The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money."

The post crystallizes an uncomfortable reality for oil companies: they are profiting handsomely from war-driven price spikes while consumers face soaring gas prices at the pump. Since the Iran war began, crude prices have surged nearly $30 per barrel or more. Oil executives now face a public relations nightmare.

"The idea that the industry profits from war and death is not one a VP of public relations wants to promote," said Mark Jones, political science fellow at Rice University's Baker Institute.

Industry sources reacted with dismay. "Oh, boy...." one oil executive responded when shown Trump's post.

Trump's statement feeds directly into public perception that oil companies are deliberately gouging consumers. Another industry official, speaking anonymously, acknowledged the damage: "This highlights the complicated relationship the oil industry has with the president. There is also some notion that the oil and gas industry secretly works to raise prices, which is a fundamental misunderstanding of how the industry works."

LetMyPeopleVote

(178,969 posts)

13. trump is claiming that high gas costs are good (only for the oil companies)

Reply to turbinetree (Original post)

Sat Mar 14, 2026, 08:45 PM

Saturday

Morbius

(980 posts)

14. Good luck with that.

Reply to turbinetree (Original post)

Sat Mar 14, 2026, 09:27 PM

Saturday

As Bugs Bunny would say, "What a maroon!"

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