President Trump: “There’s no oil coming out of Kharg Island. People are finding other places to buy oil, like Texas. So I don’t want to say we’re making a fortune, because if I say that, they’re gonna say he forgets about the little man with the $4 gasoline.”

    https://v.redd.it/1r3f69c2po1h1

    Posted by AlphaFlipper

    12 Comments

    1. This guy has his head so far up his ass he can’t see a thing. He couldn’t be more of an out of touch asshole if he tried.

    2. What an idiot. The price of oil is set globally. Yes, we produce enough oil for ourselves. But the first rule of pricing in business — charge the most that the market will bear and the most you can get away with. American oil producers set their pricing to the global price, even for domestic consumers.

      So when the supply of oil is cut by 20% but demand continues to climb, that places tremendous upward pressure on oil prices.

    3. I’d add that different oil fields cost different amounts to produce the same amount of oil. It is why we likely will have oil for a very long time. There are fields that you practically can stick a straw in the sand and have an oil well, and other places where there is oil, but it isn’t profitable to get it until it is $100 a barrel.

    4. The way that Hannity is dressed to mirror Trump with his tacky suit and tie is definitely a choice.

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