Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Latest Breaking News

IronLionZion

(51,090 posts)

4. Considering the situation in Venezuela too, maybe MAGA wants higher oil prices?

Reply to BumRushDaShow (Original post)

Sun Mar 1, 2026, 11:17 AM

Sunday

He has said he wants Venezuela's oil. Most American oil companies don't want it due to the high cost of rebuilding the infrastructure to bring it to American refineries. So maybe high costs is the point? He also wants American companies to drill more in the USA.

Russia also benefits from higher oil prices.

Edit history

Please sign in to view edit histories.

Recommendations

3 members have recommended this reply (displayed in chronological order):

paleotn republianmushroom wiggs

24 replies

= new reply since forum marked as read

Highlight:

$100 oil? Prolonged Hormuz closure could spark a 1970s-style energy shock [View all] BumRushDaShow Sunday OP

Somehow I doubt a 2020's oil shock will go so well for Orange Julius as the 1973 oil embargo did for Dick Nixon Vogon_Glory Sunday #1

Agreed. paleotn Sunday #6

I'm glad I went electric n/t Polybius Sunday #2

I'm glad I don't drive much! moonscape Sunday #24

Yeah, but we have all that Venezuelan oil Bayard Sunday #3

Forget the sarcasm emoji? paleotn Sunday #7

I didn't think it was necessary, but okay Bayard Sunday #9

Considering the situation in Venezuela too, maybe MAGA wants higher oil prices? IronLionZion Sunday #4

That last part. Exactly. paleotn Sunday #8

Yes. nt wiggs Sunday #12

It's times like this, I'm glad I work from home Javaman Sunday #5

The nation wide average price for a gallon of regular gas is just shy of $3 with a barrel of oil at $50. flashman13 Sunday #10

The correlation is superficial, the price of gas is based more on demand and Mosby Sunday #13

If a barrel of oil costs $100, producers can not sell gas for $3 a gallon. That's a fact. flashman13 Sunday #20

I did fill up, at costco. Mosby Sunday #21

Same here. Costco price was $2.79. flashman13 Sunday #22

trumps is hoping this happens prolong Hormuz closure republianmushroom Sunday #11

But that's ok BaronChocula Sunday #14

The United States is an oil exporter. Mosby Sunday #15

How about I waste NO time BaronChocula Sunday #16

"So please explain why the price of crude in the Persian Gulf affects the price of gasoline in the United States." BumRushDaShow Sunday #17

The official story Mosby Sunday #18

I was born and raised in the city that had the largest number of oil refineries on the east coast BumRushDaShow Sunday #23

It just hit over $5.00+ a gallon here CountAllVotes Sunday #19