Mastodawn

I’m a we bit concerned that MAGA bowed to a foreign adversary after a week of high gas prices. If those kids could read a spreadsheet they’d know oil prices are going to stay high until November.

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TronBronson Mar 13

So we start a war, oil prices go up. We undo Russian sanctions, they make a bunch of money overnight, fund their war. It’s like the blood god Khorne is orchestrating this behavior.

TronBronson Mar 13

Oil Prices Are Surging Above $100 Even After U.S. Lifts Russia Sanctions.

https://lemmy.world/post/44200575

Oil Prices Are Surging Above $100 Even After U.S. Lifts Russia Sanctions. - Lemmy.World

Oil prices climbed above $100 a barrel Friday even after the U.S. temporarily lifted sanctions on Russian crude in a bid to ease supply disruption. Brent crude futures, the international benchmark, climbed 0.5% to $100.96 per barrel early in the day, while West Texas Intermediate futures edged higher to $95.80 . The U.S. has temporarily lifted sanctions on Russian oil already at sea, in a bid to boost the reach of existing crude supply, Treasury Secretary Scott Bessent said late Thursday. “This narrowly tailored, short-term measure applies only to oil already in transit and will not provide significant financial benefit to the Russian government,” he said in a social-media post on X. The temporary authorization runs until April 11 , according to a general license posted by the Treasury department. The Trump administration is also considering waiving the century-old Jones Act – a maritime law that requires all vessels carrying goods between two U.S. ports to be American built and owned, Bloomberg reported. A potential 30-day exemption would apply largely to vessels carrying oil, gasoline, diesel, liquefied natural gas, and fertilizer, it added. It would be the latest in a series of measures by the U.S. and other countries to bring down surging energy prices. The International Energy Agency announced that its 32 member countries will release 400 million barrels of emergency oil reserves – the largest release in history – earlier this week. But oil prices have just kept rising. Goldman Sachs analysts now expect Brent crude prices to average more than $100 a barrel in March, and $85 in April, according to a note Friday. Events in the Middle East , and the Strait of Hormuz , in particular, remain the biggest driver for energy markets. Several ships have been struck in recent days and Iran’s Supreme Leader Mojtaba Khamenei said the strait should remain closed in comments read out on state television Thursday. Another key route for oil could soon become a flashpoint in the war. Iran -backed Houthis in Yemen and other groups stand ready to join the conflict and Iran’s semiofficial Fars News Agency said their involvement could lead to the closure of the Bab el- Mandeb Strait , The Wall Street Journal reported. It’s a passage that connects the Red Sea with the Gulf of Aden and the Indian Ocean . Four crew members on board a U.S. refueling aircraft that crashed in western Iraq Thursday have died, U.S. Central Command said in a post on X Friday. “The circumstances of the incident are under investigation. However, the loss of the aircraft was not due to hostile fire or friendly fire,” it added. President Donald Trump ramped up his rhetoric in a Truth Social post early Friday, though it didn’t suggest an imminent end to the conflict. “We are totally destroying the terrorist regime of Iran , militarily, economically, and otherwise,” Trump said. “We have unparalleled firepower, unlimited ammunition, and plenty of time,” he added. That last part, in particular, won’t please investors. Global markets are eager for a swift end to the Iran war – the growing signs of a prolonged conflict have pushed oil prices higher in recent days, despite the continued efforts of the U.S. and other countries to ease the disruption.

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TronBronson Mar 6

It wasn’t enough that they stole all your money and manipulated markets, they need a tax break on all the money they stole!

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TronBronson Mar 6

The most interesting part of this is the timing. 11 months since the trump admin did the largest pump and dump in human history during the great tariff terror of 2025. I was there watching markets drop 5-7% a day for a week. I was there when my accounts got major margin calls at the low. I was there when trump tweeted on truth social and the markets rose 20% in one day and almost 100% over the next 6 months.

So I know a $200 Billion capital gains tax relief package when I see it! More tax cuts for the rich. Congress has no hopes of passing it so they are hoping the president can wave his magic wand and cough up $200B

TronBronson Mar 6

Ted Cruz asks Treasury to approve $200 billion tax cut without Congress

https://lemmy.world/post/43916419

Ted Cruz asks Treasury to approve $200 billion tax cut without Congress - Lemmy.World

Do you think congress may have forgotten how their job works? Like I remember learning the importance of congress in middle school. Power of purse and all that. Why is the congress petitioning the president for legislation? Can we please replace the congressmen who don’t understand what their job description is? Every day in the news its just “Legislator asking someone else to do their job” “Legislature confused on how laws are made” “legislator claiming the presidents office is just better at making laws”

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TronBronson Mar 3

Mods don’t want us discussing what our back up plans are for job loss. But if you lost your job today, what job would you apply to on indeed, and would there be enough money from that job to pay your current bills? Do you think there is security in your job market if you lose your job?

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TronBronson Mar 3

Seems like the US consumer is stuck between a government with drunk spending, and a ton of debt. Next to a corporation who’s squeezed every last penny out of people between wages and costs of goods and services. If GDP is to increase enough to pay off the debt, how does that happen? The only GDP growth comes from sucking up wages and monopolizing, and good old government spending.

TronBronson Mar 3

Interest on the $38.8 trillion national debt has tripled since 2020, and it already costs taxpayers more than defense and Medicaid

https://lemmy.world/post/43819752

Interest on the $38.8 trillion national debt has tripled since 2020, and it already costs taxpayers more than defense and Medicaid - Lemmy.World

Does the United States have a spending problem? Obviously, but I really wanted to talk about how the cost of living crisis is presenting itself in your community. That relates to this article because you can’t squeeze blood from a stone. If all of you have no disposable income, no savings, and a job market that can’t support your current cost of living… What happens if you lose your job? Do you default on loan obligations along with America because we are stretched to the edge. Should we vote in members of congress to pass more tax breaks for private jets?Are mods whack? Let me know in the comments.

TronBronson Mar 2

Vote like you will be competing against me for $16 an hour jobs.

https://lemmy.world/post/43770316

Vote like you will be competing against me for $16 an hour jobs. - Lemmy.World

My fellow Americans, some of you may be struggling and some of you may be doing well. I urge you to take a look at the job postings in your town and envision yourself competing with hundreds of people for $40,000 a year of grueling work. There are no social safety nets. The banks will take your house and you will be homeless. Take a look around at your local economy and imagine your job firing you. What sacrifices would you have to make if you were forced to take a median waged job in your market? Which ones would you choose the housing or health insurance for your kids? I’d like to conscript all Americans to work the average job listing for 3 months, like a national mandate. Are you falling for the illusion of your wellbeing?