this post was submitted on 16 Jan 2026
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He's doing things based on his memories. 80s were his happy time. He went in for oil but even the oil companies want little to do with that - we're past peak oil and it'll cost a fortune to get the oil fields producing an amount that's profitable and that will also have a big affect on demand cost (i.e. cost will go down so there's no point in extraction)
Former oil worker and from a family of oil workers. Been through enough cycles to know what to expect.
Trump is a toddler who doesn't understand simple business ideas anymore, if he ever did. Machado is playing him because she knows he only listens to praise from the last person he talked to. He's very simple and old.
Plus, more oil on the markets will just push the price down further without increasing sales. Trump is not going to wave a magic wand and make people around the world start burning more oil when everyone else is switching to renewables as fast as they can.