US rig counts are down dramatically since Biden left office thanks to a mix of a slowing economy, uncertainty around investing in the US and Trump's newfound love for the Saudis which - until recently - kept oil prices below the ~$70/bbl level that starts to erode Saudi market share.
Yes, the US has become a net exporter, thanks to fracking expanding supply and efficiency curtailing demand. But you can't just snap your fingers and add drilling rigs, pipelines and export terminals.
We can't normalize the idea that the President of the United States just says random things on the internet because he has feelings. But this is a recipe to further increase US gasoline prices. What happens to US oil prices if we increase demand? This is Econ 101 stuff.
If respect is measured in how many oil tankers Iran allows to traverse the Strait of Hormuz, Donald Trump is the least respected President in history.
Equality remains controversial. And the AKC purebred racist line runs from Robert E. Lee, through Francis Wharton & George Collins and down to Stephen Miller & his modern ilk. Like I said, no surprise they are dusting off this claptrap.
The intellectual descendants of 14As early opponents then tried to argue it didn't apply to non-white immigrants in the Wong Kim Ark case. Precedent, and the court disagreed. And yet these are the arguments the Trump admin is now resurrecting.
Postscript from the clownshow that is the GOP as I was typing up this summary.
11. And so he is taking the coward's way out. Let's kick the can down the road for 60 days with a continuing resolution to fund everything. Except that this doesn't work, for completely obvious reasons.
House procedure is normally a snoozefest that only insiders care about. But this one is just such a perfect distillation of the incompetence in the GOP, failure of Trump as a leader and weakness of Mike Johnson. Let's roll the video tape:
I’ve only won four elections, but my gut instinct is that that it would be a bad idea to tell a constituent complaining about the high price of gasoline or US troops getting put in harm’s way for a war of choice that they just need a “will for short term volatility”.
