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Trump officials prepping for ‘nightmare scenario’ at gas pumps: reports (www.independent.co.uk)
submitted 5 months ago by to c/news@lemmy.world
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White House officials are bracing for oil prices to surge past the $150-a-barrel mark as the Iran war stretches into its second month and the Strait of Hormuz remains largely closed, according to a new report.

In recent weeks, the average cost of a barrel of crude has hovered around $100, a figure that the Trump administration now sees as the new “baseline,” though a potential spike to $200 hasn’t been ruled out, a source familiar with the matter told Politico.

As a result, officials have entered “all hands on deck” mode, urgently evaluating options to tame soaring oil prices — which pushed gas above $4 a gallon this week and risks inflating costs across the broader economy.

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[–] 25 points 5 months ago (1 child)

Jimmy Carter put solar panels on the White House roof. Reagan took them down. Pretty succinct summary of the past 40 years.

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  • [–] 19 points 5 months ago (3 children)

    before anyone says "those solar panels didn't work very well" THAT'S NOT THE FUCKING POINT. they represented a commitment to invest in the technology. the presidency is the bully pulpit. a person can change a lot about the direction of the country there without making meaningful change in the moment. Grant and Carter are probably the two presidents who tried the hardest to do something positive with that power

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  • [–] 8 points 5 months ago (1 child)

    Exactly.

    Grant and Carter are probably the two presidents who tried the hardest to do something positive with that power

    I would say both Roosevelts did too. Admittedly, my Grant knowledge isn't super deep, what was it that he did that you think puts him in that group?

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  • [–] 6 points 5 months ago (1 child)

    Let's not idolize Carter too much. I like a lot of what he did, and I obviously love his "old man building houses for the needy" golden years, but Carter was also the beginning of the dismantling of antitrust which is the primary reason we have wealth consolidation and market capture as the de facto norm today.

    He started the ball rolling with a bizarre policy of "big businesses are good for everyone" which meant antitrust laws--while still on the books and our official policy--simply stopped being enforced. Regan capitalized on this but Carter started it.

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