this post was submitted on 10 Mar 2026
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The Trump administration has started to panic about the spiking price of oil.

While senior Trump aides had anticipated some brief surge in oil prices in the first days of the war with Iran, the size and sustainability of the market reaction caught them off guard, people familiar with the internal discussions told CNN.

Now, as oil prices hover near $100 a barrel just over a week into the war and US gas prices are moving sharply higher, it’s prompted a belated rush to try to reassure investors and seek ways to tamp down the impact. But the administration is confronting the limits of its power — and the reality that Donald Trump’s decision to wage war abroad threatens to wipe out some of his key economic accomplishments at home.

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[–] altphoto@lemmy.today 2 points 37 minutes ago

Oh boy! My neighbor's with their big ass truck are going to get a heart attack:

[–] driving_crooner@lemmy.eco.br 27 points 2 hours ago (1 children)

Are the economic accomplishments on the room with us?

[–] stoy@lemmy.zip 3 points 41 minutes ago

Well give him SOME credit, no other president has managed to cause this much economic damage to the US in this little time.

[–] MagicShel@lemmy.zip 52 points 2 hours ago* (last edited 2 hours ago)

wipe out some of his key economic accomplishments at home.

Would that be devastating the economy though tariffs? Or devastating the economy through unemployment? Or devastating the economy through imprisoning our inexpensive labor force? Or devastating the economy through outright theft?

I think the word being sought was exacerbate.

war abroad threatens to ~~wipe out~~ exacerbate some of his key economic accomplishments at home

That reads much more accurate.

[–] StarryPhoenix97@lemmy.world 13 points 2 hours ago* (last edited 55 minutes ago) (2 children)

I recently blocked a childhood friend on Facebook over this. They shared one of those stupid Biden stickers with a $5 a gallon price Tag.

Their point was, of course, the democrats made it worse than Trump ever did. I don't know how this happened. How people got so turned around. Arguing with him seemed pointless. Pointing out that Biden didn't do that. Pointing out that it's going to get worse. Pointing out that democrats in general are just status quo bitches...

I just blocked him. I can't fix whatever shit has pickled peoples brains.

[–] N0t_5ure@lemmy.world 9 points 2 hours ago (2 children)

We're living in the disinformation age, where people silo themselves in media, including news, that reinforces whatever they want to believe. Eventually their views will run into cold, hard reality, but even then some will continue to live in denial.

[–] StarryPhoenix97@lemmy.world 3 points 57 minutes ago

Yep. I try not to do that. Discussion is good when done in good faith. It's too bad the disinformation age also has AI agents and censorship. Man. It's just wild. The censorship. We educated ourselves and now we have the next generation growing up in slop but not knowing their in slop. Or worse, knowing but having know way to escape it as all methods of escape are cut off. So many sides of digital enlightenment being attacked. I don't know if we'll escape it. Information has become entertainment. Activism is just performance.

People aren't mad enough.

I hope you're right though. I hope we find a way. Likely the US is fucked but that doesn't mean humanity is fucked. Action still has inpact. It's hard to remember that, but it does.

[–] FaceDeer@fedia.io 1 points 1 hour ago (2 children)

Ironically, sites like this very one we're on now seem tailor-made to enhance that effect.

Like what someone said? Upvote and respond with supportive comments. Don't like it? Downvote, denigrate, block, defederate. Eventually people sort themselves out into communities where they "belong" and stop seeing what other people are saying, and they start to think that everyone shares their views.

[–] StarryPhoenix97@lemmy.world 1 points 44 minutes ago

I try not to lock myself into a community like that. I like data and fact supported by evidence. I tend to filter myself as needed. Federation has a tribalism problem but I haven't seen it as toxicity present in most of the main spaces. The fringe server like hexbear...sure. I keep my nose there too. They're funny. The smart phone and social media in general has wrecked our ability to self regulate in public digital spaces. And the algorithm broke the upvote system that used to help show a level of class solidarity between people in different backgrounds. I can't say how much was intentional and how much we slipped into, but we all need to make an effort to regulate ourselves.

Tribalism is the enemy of progress.

[–] MrSulu@lemmy.ml 1 points 1 hour ago

I'm with you. Village idiots with an audience become emboldened

[–] raman_klogius@ani.social 19 points 2 hours ago (1 children)
[–] vaultdweller013@sh.itjust.works 1 points 2 hours ago

I know this is an edit but I could definitely see Scooby doo doing this as a skit at least once. Specifically the OG, a pup named Scooby doo, or Mystery Incorporated. Also shout out to the early aughts movies who did some similar gags.

They're figuring out that the president has both a lot less and a lot more power over oil prices than they ever claimed.

Drank their own kool-aid.

[–] MutantTailThing@lemmy.world 4 points 1 hour ago

Remember when they asked Ukraine to stop bombing Russian oil infrastructure and Ukraine told them to go suck a fat one.

[–] N0t_5ure@lemmy.world 7 points 2 hours ago (1 children)

While senior Trump aides had anticipated some brief surge in oil prices in the first days of the war with Iran, the size and sustainability of the market reaction caught them off guard, people familiar with the internal discussions told CNN.

In what world is it a surprise to see oil prices spiking when you launch an attack on an oil producer in the middle east? Iran has repeatedly threatened to shut down the Strait of Hormuz over the years, which would stop the flow of ~30% of the world's oil. It's one of the very few levers of power Iran has to pull, and anyone with an ounce of common sense knew they'd do it if attacked. Fortunately, we're in a midterm election year, so the catastrophe Trump has teed up will hopefully torpedo Republicans' grip on Congress.

[–] blackbearjesus27@lemmy.world 5 points 2 hours ago

Because an inherent distrust of experts leads to a reduction in expertise which leads to imbeciles being surprised their ideas don’t actually work in the real world.

[–] Monstrosity@lemmy.today 8 points 2 hours ago* (last edited 2 hours ago)

"his key economic accomplishments at home" lol sure, CNN. Maybe you can list those out for us?

[–] ebolapie@lemmy.world 10 points 2 hours ago (3 children)

They didn't see this coming?

[–] mierdabird@lemmy.dbzer0.com 15 points 2 hours ago

They didn't even bother to fill up the strategic oil reserve

[–] FaceDeer@fedia.io 2 points 1 hour ago

It was presumably planned to be a three-day special military operation. The people would rise up and support the invaders once the leaders were taken out in the initial decapitation strike.

[–] Jaysyn@lemmy.world 4 points 2 hours ago

If you're trying to wreck the dollar, this is what you want to happen.

[–] A_norny_mousse@piefed.zip 3 points 1 hour ago

This Leopard Is Eating His Own Face

[–] Triumph@fedia.io 3 points 2 hours ago (1 children)

They are not panicking. Higher oil prices mean they get more money.

This is all by design.

[–] Hegar@fedia.io 1 points 1 hour ago

The rich benefit in some way from almost everything that happens, that's how being an elite works.

But that doesn't mean that the regime intented to massively spike oil prices. They'll have so much more voter suppression to do now.

Yes, they're evil, but they're also frequently stupid. They fuck up a lot.

[–] takeda@lemmy.dbzer0.com 2 points 2 hours ago (1 children)

He will lift Russian sanctions.

[–] Corporal_Punishment@feddit.uk 4 points 1 hour ago

He already has done for India's benefit

[–] aarch0x40@piefed.social 1 points 2 hours ago (1 children)

I wonder which scandal they’ll be starting to distract from this one

[–] Lemmyoutofhere@lemmy.ca 2 points 2 hours ago

They are talking about attacking Cuba again.