The worst and most stupid bit is this:

Speaking to crowds on Wednesday, vice president JD Vance said US allies are “suffering from this, frankly, more than we are.”

He claimed this was because they had “focused on a lot of green energy scams and they’re hurting a lot more than we are.”

Vance continued:"As much as we’ve got to focus on getting these gas prices down, the reality is overseas they’re feeling it far worse than we did because we’ve taken the steps to protect our energy economy.

  • kautau@lemmy.world
    link
    fedilink
    English
    arrow-up
    71
    arrow-down
    1
    ·
    edit-2
    7 months ago

    For anyone who doesn’t know, the US is the largest oil producer in the world, more than double any other country. So that’s the reason prices aren’t going up as much as they may be elsewhere, but also what that means is that when we attack Iran us oil company stocks skyrocket. People pay more, billionaires reap, hedge funds reap, the military industrial complex reaps. War as a service.

    https://metalgear.fandom.com/wiki/War_economy

    • Tm12@lemmy.ca
      cake
      link
      fedilink
      English
      arrow-up
      25
      ·
      7 months ago

      Didn’t know WaaS was a thing. This timeline is just asS.

    • Tyrq@lemmy.dbzer0.com
      link
      fedilink
      English
      arrow-up
      5
      ·
      7 months ago

      Let’s not forget all the Venezuelan oil that the execs said was to expensive to drill, higher price might just make it lucrative.

    • teslekova@sh.itjust.works
      link
      fedilink
      English
      arrow-up
      1
      ·
      7 months ago

      However, for the corporations that have to use oil instead of sell it, profits get eaten up by oil price rises. So this isn’t a simple benefit for billionaires. Some of them must be absolutely furious at Trump right now.