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applegrove

(131,845 posts) Thu Mar 12, 2026, 04:27 PM Thursday

Trump's New Spin on Spiking Oil Prices

Trump’s New Spin on Spiking Oil Prices

March 12, 2026 at 9:59 am EDT By Taegan Goddard 225 Comments

https://politicalwire.com/2026/03/12/trumps-new-spin-on-spiking-oil-prices/

President Trump 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.”

12 replies

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Highlight:

Trump's New Spin on Spiking Oil Prices (Original Post) applegrove Thursday OP

Trump is an idiot PJMcK Thursday #1

Cool.... Red Mountain Thursday #2

define 'we' dumbfuck donnie rurallib Thursday #3

"me" durablend Thursday #7

If he were any more full of shit Jerry2144 Thursday #4

He is what my old Dutch relative used to call FalloutShelter Thursday #5

Great. Then hand over my money RFN you POS. Maru Kitteh Thursday #6

MaddowBlog-Trump and his allies pitch a new idea: Maybe higher gas prices aren't 'bad news' LetMyPeopleVote Thursday #8

Thanks for the Raw Story article. applegrove Friday #11

Could you imagine what MAGA or Fox News would say if Biden said this? LetMyPeopleVote Thursday #9

Trump's oil boast has cringing industry execs running for cover: report LetMyPeopleVote Friday #10

trump is claiming that high gas costs are good (only for the oil companies) LetMyPeopleVote Saturday #12

PJMcK

(25,029 posts)

1. Trump is an idiot

Reply to applegrove (Original post)

Thu Mar 12, 2026, 04:30 PM

Thursday

He’s also a liar.

Red Mountain

(2,329 posts)

2. Cool....

Reply to applegrove (Original post)

Thu Mar 12, 2026, 04:43 PM

Thursday

we're rich!

rurallib

(64,672 posts)

3. define 'we' dumbfuck donnie

Reply to applegrove (Original post)

Thu Mar 12, 2026, 04:47 PM

Thursday

durablend

(9,216 posts)

7. "me"

Reply to rurallib (Reply #3)

Thu Mar 12, 2026, 05:00 PM

Thursday

Jerry2144

(3,259 posts)

4. If he were any more full of shit

Reply to applegrove (Original post)

Thu Mar 12, 2026, 04:47 PM

Thursday

He’d be a porta-potty at a Taco Bell sponsored mariachi show

FalloutShelter

(14,405 posts)

5. He is what my old Dutch relative used to call

Reply to applegrove (Original post)

Thu Mar 12, 2026, 04:52 PM

Thursday

A klabloss… ten pounds of shit in a five pound bag.

Maru Kitteh

(31,659 posts)

6. Great. Then hand over my money RFN you POS.

Reply to applegrove (Original post)

Thu Mar 12, 2026, 04:58 PM

Thursday

You clueless Jell-O brained imbecile.

LetMyPeopleVote

(179,004 posts)

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

Reply to applegrove (Original post)

Thu Mar 12, 2026, 05:27 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.

applegrove

(131,845 posts)

11. Thanks for the Raw Story article.

Reply to LetMyPeopleVote (Reply #8)

Fri Mar 13, 2026, 07:48 PM

Friday

LetMyPeopleVote

(179,004 posts)

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

Reply to applegrove (Original post)

Thu Mar 12, 2026, 08:18 PM

Thursday

LetMyPeopleVote

(179,004 posts)

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

Reply to applegrove (Original post)

Fri Mar 13, 2026, 07:17 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

(179,004 posts)

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

Reply to applegrove (Original post)

Sat Mar 14, 2026, 08:47 PM

Saturday

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