The Trump Energy Crisis

I’ve been fair to Donald Trump.

Last year, I am sure those of you in the comments will recall that I gave him credit for a few accomplishments: bringing down illegal immigration, low gas prices and avoiding a war with Iran. Even though I saw it coming this year, I never imagined that it would be this bad.

In the span of a week, Trump has started a regional war for Israel and has gotten all our bases in the Middle East blown up by Iran. He has spiked the global price of oil over $100 a barrel. Oil futures were trading at $119 a barrel when I went to sleep last night. Bitcoin, silver, gold, global stock markets are crashing. Middle Eastern countries like Iraq, Kuwait, Bahrain and Qatar are cutting oil and natural gas production.

Trump is crashing the global economy, losing a war against Iran and probably destroying the petrodollar by proving we don’t have the ability to protect our Gulf allies. He did it all for Israel.

3 Comments

  1. DOJ has shutdown PRESSTV.COM
    Now the Iranians are claiming (via Hindustan times) >500 US troops have been killed .

  2. The above:
    “Frank McCormick
    The U.S. gets 10% of its oil from the Middle East.
    China gets 55%.”

    Total BS, China gets the great bulk of its oil from Russia. Something on the order of 12% comes from the Mideast.

  3. The crypto collapse can’t fully be blamed on trump. Munger and Buffett have been warning for years that cryptocurrency is trash, there’s nothing backing them.

    Who wants an empty token without substance?

    There are now tokens backed by gold , silver and the Swiss Franc. Why would anyone want a nothing token ?

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