In just the last year, the Trump administration has derailed an international carbon tax, boosted forecasts for oil and gas, and sought to silence an island nation’s climate campaign.
In just the last year, the Trump administration has derailed an international carbon tax, boosted forecasts for oil and gas, and sought to silence an island nation’s climate campaign.
While inflating oil prices by $40 bbl
Not out of Qatar, the UAE, or Kuwait
…
shrug
Idk. In classic Trump fashion, it seems like he’s getting the opposite of what he asked for. But also in classic Trump fashion, it feels as though he’s going to come out ahead anyway - almost entirely by accident - as US oil export prices sore and Middle Eastern monarchies rally around the American flag to fight Iran.
I have a hard time believing a bottleneck that plugs 20% of the global oil reserve will be a bad thing for the climate. Or that surging oil prices will deter the rollout of green energy solutions globally. But for Trump, specifically, it does feel like a “Heads I Win / Tails You Lose” crisis.
War is bad for the climate, and the plug is almost certainly temporary, unfortunately.
Trump is losing a lot of political capital here, but TBH I think he’s being used by everyone. US petrol got far more they paid for, Tech is getting what they paid for, and someone else will just take his place…
TVH, I hope Trump makes it.
Hell, Id rather have him for a third term than JD Vance for the next (or after the skip of however the Democrats manage to screw themselves over). Vance scares the shit out of me.