"The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money. Short term oil prices, which will drop rapidly when the destruction of the Iran nuclear threat is over, is a very small price to pay for U.S.A., and World, Safety and Peace."
"Higher prices for oil will likely only benefit oil and gas producers. For consumers reliant on fossil fuels, higher prices will mean higher spending costs to refuel their vehicles. Trump's latest comment also glosses over some key facts - namely, that Iran was not a nuclear threat to the U.S. or the world before he started the war."
"During his 2024 presidential campaign, Trump vowed to lower prices of numerous consumer products, including gasoline, claiming he would bring prices down to $2 per gallon, on average across the country, for regular unleaded gas. He has not reached that goal since reentering office, and with the war on Iran increasing prices, it's unlikely to happen anytime soon."
President Trump downplays concerns about rising oil and gas prices resulting from the U.S.-Israel conflict with Iran, arguing that increased prices benefit the United States as the world's largest oil producer. However, this claim contradicts his earlier assertion that prices would drop once the Iran nuclear threat is eliminated. Higher oil prices primarily benefit oil and gas producers, while consumers face increased fuel costs. Trump's statements overlook that Iran posed no nuclear threat before the war began. During his 2024 campaign, Trump promised to reduce gas prices to $2 per gallon nationally, a goal unmet since taking office and increasingly unlikely given current geopolitical tensions.
Read at Truthout
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