
The US President is invoking the Defense Production Act, which subsidizes US oil and coal production with tax dollars.
Oil has not been nationalized, therefore the additional output will maximize profits for US oil companies on the global market given price increases.
Posted by Alicyclobacillus
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is this a + or – for me, as an average joe USA driver?
I’m clueless, therefore i asked.
I didn’t see subsidies going to energy companies anywhere in the article.
Basically we’re winning so much, that we’ll have to start stripminning and burning coal to keep the lights on.
Whatever brings down Cali gas prices man! I don’t understnd why California has a different standard (more hash) than EPA? Like epa is not good enough for ya or what?
California was the forsaken land in my opinion. (An east coast resident btw)
so welfare for oil companies đ amazing
âPresident Trump is abusing emergency authorities and wasting taxpayer resources through unprecedented abuse of the Defense Production Act to promote his politically-favored fossil fuel projects at the expense of energy affordability and common sense,â said Tyson Slocum, director of Public Citizenâs Energy Program in a written statement.
Man, Trump is a fucking moron
They are basically predicting the price of oil is going to go higher on global markets and that the diplomatic corps of the US donât predict peaceful breakthroughs with Iran any time soon. This entire war was about global oil market share capture. Reduce the global market shares of the Gulf and Iran. Increase the global market shares of the US and its private corporations that engage in business abroad. The conflict between US/Israel and Iran was always about cutting the Gulfâs legs out from under them, reducing their soft power on the global stage.
US energy companies werenât too fond at investing into operations when oil prices were elevated in 2022, so it will be interesting to see what price US energy companies will be satisfied with.
In addition to the MASSIVE subsidies we already give. Trillions spent keeping the flow of cheap oil flowing with the protection of the US military
 Nothing like paying twice for oil while paying twice as much!