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Ol Janx Spirit

(737 posts)

11. What he is saying sounds a lot more like socialism than capitalism....

Thu Jan 8, 2026, 01:45 PM

Thursday

Capitalism does not want oil to be that cheap as there is no profit in it. If it did we could already have even cheaper oil. OPEC has used their collective power to make sure the price of oil stays where it is profitable for them by increasing or decreasing supply.

Venezuela is a founding and current member of OPEC, but I guess that will change now?

So, is he saying that the government is going to control both the natural resources and the means of production in order to push oil down to $50 a barrel?

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Coldwater IronLionZion

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Highlight:

Trump plans to use Venezuela's huge crude reserves 'to cut US oil price to $50 a barrel' [View all] BumRushDaShow Thursday OP

Right after he sends out those $2 K tariff checks...in about two weeks. jls4561 Thursday #1

Good, maybe some of the oil belt will go broke and the fossil fuel supporters will lose their jobs. walkingman Thursday #2

at $50 a barrel most Oil drilling is not feasible moonshinegnomie Thursday #3

Right, they'll just leave it in the ground until the price goes back up ToxMarz Thursday #8

THIS! Getting too near or even below the 'break-even point'. Jack Valentino Thursday #45

The 'Orinoco crude' A Badger Friday #59

Trump don't math so good C_U_L8R Thursday #4

Like his claim that popsdenver Thursday #21

Hey Everybody! ruet Thursday #5

I remember. SergeStorms Friday #54

Well, it is SAD that some Americans vote because of the price of eggs (TSF knows that now) so he's thinking, hey bluestarone Thursday #6

Maybe he can crash the Russian economy by flooding the oil market. mjvpi Thursday #7

Saudi and Russia sort of did that to themselves back in 2020 BumRushDaShow Thursday #12

I was shocked he allowed that tanker seizure. SHOCKED I tell you. Callie1979 Thursday #34

Wouldn't that piss off our oil executives and Pootie? Buddyzbuddy Thursday #9

Oil Executives "you want us to crush our own industry?" underpants Thursday #10

I'm confused by your implication. Buddyzbuddy Thursday #13

I don't think he was implying anything Miguelito Loveless Thursday #16

That was my obvious observation and the result would be the Felon reversing course. Buddyzbuddy Thursday #18

I was backing up what you posted underpants Thursday #19

Thank you, I misunderstood. Buddyzbuddy Thursday #24

Everyone is having a bad day. SergeStorms Friday #55

What he is saying sounds a lot more like socialism than capitalism.... Ol Janx Spirit Thursday #11

Socialism is GOOD if it benefits trump. nt Callie1979 Thursday #36

Gore Vidal called it "free enterprise for the poor and socialism for the rich." Ol Janx Spirit Thursday #37

Only one big problem!!: Venezuela oil does NOT belong to the U.S. riversedge Thursday #14

"Possession is eleven points in the law, and they say they are but twelve" Ol Janx Spirit Thursday #38

If memory serves, most fracked oil Miguelito Loveless Thursday #15

The "breakeven" price BumRushDaShow Thursday #23

Thanks for the chart Miguelito Loveless Thursday #26

Most welcome! BumRushDaShow Thursday #31

No wonder he bankrupted casinos. Ray Bruns Thursday #17

Venezuela's oil, it's nasty... MiHale Thursday #20

Please consider making this a separate post -- and maybe xpost in Environment/Energy ! eppur_se_muova Thursday #22

Done ... MiHale Thursday #25

thanks! eppur_se_muova Thursday #30

Much of the U.S. gulf of MEXICO refineries can process heavy, sour crude lonely bird Thursday #33

Boscan crude is, apparently, basically a rock under all but the most niyad Thursday #46

Step 1: Drive oil prices to $50/BBL. markodochartaigh Thursday #27

"Step 3: Listen to outraged Republicans go ballistic over spiraling US debt." BumRushDaShow Thursday #32

Step 3 only happens when a Dem is president and... Justice matters. Friday #56

Next week's New Yorker Coldwater Thursday #28

Here - BumRushDaShow Thursday #41

It's so weird that so much of our oil truthisfreedom Thursday #29

Right? intrepidity Friday #58

The economic moron stricks again. American producers will go bust on $50/barrel oil. flashman13 Thursday #35

but what about the relief utherpendragon Thursday #39

$50 oil would destroy the economies of Texas and North Dakota NickB79 Thursday #40

everything he says is a lie Nigrum Cattus Thursday #42

It was not long ago BidenRocks Thursday #43

the price is not trump's goal. its headlines Tetrachloride Thursday #44

Quiet, Piggy orangecrush Thursday #47

Everything he gets his tiny hands into, falls flat. C Moon Thursday #48

American oil companies have said they don't want Venezuela's oil IronLionZion Thursday #49

Dump making more shit up to destroy the economy sakabatou Thursday #50

Stand down everyone. SalamanderSleeps Thursday #51

BFD AverageOldGuy Thursday #52

Why, will hardly notice the military mowing us down..... SergeStorms Thursday #53

Trump talks to make himself feel good. Sometimes, like here, the word salad includes a number salad. hay rick Friday #57

"Mexico will build the wall and pay for it...". More lies from Trump who likes to suggest his stealing will benefit artemisia1 Friday #60

No, he is gong to use it to enrich himself and pay for that ballroom. (n/t) OldBaldy1701E Friday #61