Trump administration set to suspend Jones Act to tame oil price

Nothing intelligent ever comes out of Trump's mouth. I have never seen or heard such an evil and disgusting fool.

Polimini

Mar 12, 2026 10:34am

hey so it doesn't matter if price of oil goes up because the US makes a lot of money, also we need to contain the price of oil. Jesus what a country of idiots with a clown as a president

DuranDuran

Mar 12, 2026 9:52am

This is the law that makes it basically impossible for California to get cheap domestic energy. It made it illegal for them to get oil from the Gulf of America unless non-existent US-made tankers shipped it. Long time coming and should've been done even without current oil crisis.

fxx360

Mar 12, 2026 11:15am

He should focus on reopening the strait of Hormuz and stop bragging and talking shit that gives traders anxiety.

Mar 12, 2026 11:13am

Quoting Polimini

Disliked

hey so it doesn't matter if price of oil goes up because the US makes a lot of money, also we need to contain the price of oil. Jesus what a country of idiots with a clown as a president

Ignored

What he means by "we make a lot of money" is YOU pay higher energy costs and billionaires make a lot of YOUR money.

Ahmedskaf

Mar 12, 2026 10:12am

The disastrous Trump administration began by pitying you because your leader is the biggest fool, Trump. He recently commented that you benefit greatly from the high price of oil because you are a major oil-producing nation. And now you are struggling to control the price of oil.

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19monza64

Mar 12, 2026 10:27am

hahaha I've never heard such a bunch of bullshit every time this longhair talks. "We" who?? The American people or his oil tycoon friends??

Mar 12, 2026 10:00am

Quoting Luxyus

Disliked

Impact on barrel prices: Studies by the National Bureau of Economic Research (NBER) indicate that eliminating the law would reduce the price of gasoline on the East Coast by about $0.63 per barrel.

Ignored

Do you mean $0.63/gallon? Because that would be a significant reduction. It would certainly have been more significant before the prices ROSE about that much, but getting them back to pre-war would be a big step in the right direction. Again...that's if you're saying $0.63/gallon.

Mar 12, 2026 10:54am

Quoting Luxyus

Disliked

{quote} barrel si barrel, man search yourself

Ignored

Interesting. I've never heard of a "barrel" of gasoline (just of oil). You can tell how much of an RBOB trader I am, right??? Seems it's also a 42 gallon size as the price per gallon reduction is estimated at $0.015. So, yeah, saving the American consumer $0.225 on a ~15 gallon fill-up. That should solve the problem. We'll just ignore the fact that the price of that gas just shot up $0.60-$0.80 PER GALLON.

Mar 12, 2026 12:40pm

Quoting Trader#52D3

Disliked

can we iq test or leader before their election pls

Ignored

A smart person does not guarantee a good leader. Of course, I'd rather have "a mind at work" behind the desk vs the alternative.

You'd be better off testing the IQ of the voters. At least that way the theory would be: a majority of intellectual individuals voting for a leader would have the sense to avoid sending an unfit person to the office....but, of course, that's not how democracy works. Cognitive ability has no place in politics (saying this rather tongue-in-cheek).

Democracy works by politicians winning over as many of the unintelligent masses as possible. This is true for ALL candidates in whatever party. One person, one vote. FWIW, the IQ distribution is a terrifying bell curve here in the US.

Mar 12, 2026 12:47pm

If we had IQ tests to vote then the GOP wouldn't exist. Not in its current form anyway.

Mar 12, 2026 2:39pm

Quoting Schultz

Disliked

{quote} 1. "You'd be better off testing the IQ of the voters." 2. How would this be done.

Ignored

Demonstrate they know the difference in "there, their, they're" and "you're, your" and "want, won't".

That one requirement would knock out most Trumptards from voting.

clarktunes

Mar 12, 2026 11:01am

Quoting Polimini

Disliked

hey so it doesn't matter if price of oil goes up because the US makes a lot of money, also we need to contain the price of oil. Jesus what a country of idiots with a clown as a president

Ignored

Trump cultists continue to astound me........ they see how he hurts our trading, and the US, and the whole world....... but defense contractors and the super rich of his ilk are all in on the GREED AGENDA of Trump.......

Trader#E6DD

Mar 12, 2026 11:07am

Quoting Trader#E6DD

Disliked

{quote} That and CA imposes a .61 gas tax per gallon on their people, the highest in the country, I believe.

Ignored

Correction, it's .71 per gallon, and it is the highest in the country, so Californians are paying about $10 in tax every time they fill up a 15 gal tank. What a utopia.

Luxyus

Mar 12, 2026 10:22am

Quoting ffghost

Disliked

{quote} Do you mean $0.63/gallon? Because that would be a significant reduction. It would certainly have been more significant before the prices ROSE about that much, but getting them back to pre-war would be a big step in the right direction. Again...that's if you're saying $0.63/gallon.

Ignored

barrel si barrel, man
search yourself

Mar 12, 2026 9:53am

Quoting Luxyus

Disliked

nice try it wont work properly

Ignored

Markets certainly just said 'confidence low' based on that equity rally and IMMEDIATE sell-off.

Oil traders took the opportunity to reload at lower levels as well. Only a $1.38 range in /cl on the news. That's not going to get it done in this environment. Tankers need to start moving in the Gulf, so it seems, before this calms down.

....I am still seeking the "it's a good time to buy" tweet....all this rhetoric about "we make more money with high oil prices" and "we won the war" isn't doing the trick. Burning oil tanker > Trump's campaign-rally style comments to factory workers in KY.

Mar 12, 2026 1:05pm

Quoting FlyingTurtle

Disliked

If we had IQ tests to vote then the GOP wouldn't exist. Not in its current form anyway.

Ignored

I'd venture a guess that both major political parties have their fair share of low IQ individuals. Education isn't really this country's strength anymore.

Mar 12, 2026 3:37pm

Quoting Ferna

Disliked

{quote} Sign here Turtle. https://www.youtube.com/watch?v=2N7Imk5pA50

Ignored

That dude looks like a typical methhead with a Trump sign in front of his doublewide.

Trader#4BCB

Mar 12, 2026 10:21am

Quoting JeffEsptein2

Disliked

God bless trump

Ignored

you mean the convicted sex offender, fraudster and non-chirstian? Nice work

Trader#127E

Mar 12, 2026 12:41pm

Quoting Trader#52D3

Disliked

can we iq test or leader before their election pls

Ignored

Imagine asking a Democratic candidate, "What is a woman?" during a debate. lol

here2there

Mar 12, 2026 10:42am

I would love to see him do something about the outrageous interest rates on credit cards. It should be no more than 10%. These creditors are clearly taking advantage of users by trapping them in debt.

Mar 12, 2026 2:18pm

Quoting Schultz

Disliked

{quote} No it wouldn't. Explain what you think could to be any issues surrounding implementing what you suggest would be a better policy. Put your own "mind at work".

Ignored

I'd reply, but, honestly, I cannot make sense of this sentence: "Explain what you think could to be any issues surrounding implementing what you suggest would be a better policy." What exactly are you asking?

Schultz

Mar 12, 2026 2:13pm

Quoting ffghost

Disliked

{quote} A smart person does not guarantee a good leader. Of course, I'd rather have "a mind at work" behind the desk vs the alternative. You'd be better off testing the IQ of the voters.

Ignored

No it wouldn't. Explain what you think could to be any issues surrounding implementing what you suggest would be a better policy. Put your own "mind at work".

Schultz

Mar 12, 2026 2:26pm

Quoting ffghost

Disliked

{quote} I'd reply, but, honestly, I cannot make sense of this sentence: "Explain what you think could to be any issues surrounding implementing what you suggest would be a better policy." What exactly are you asking?

Ignored

1. "You'd be better off testing the IQ of the voters."

2. How would this be done.

Mar 12, 2026 2:36pm

Quoting ffghost

Disliked

{quote} I'd venture a guess that both major political parties have their fair share of low IQ individuals. Education isn't really this country's strength anymore.

Ignored

The research indicates that democrats are marginally smarter.

Young adults who identify themselves as "very liberal" have an average
IQ of 106 during adolescence while those who identify themselves as
"very conservative" have an average IQ of 95 during adolescence.
http://personal.lse.ac.uk/kanazawa/pdfs/SPQ2010.pdf

Adolescent IQ does a good job predicting party affiliation later in life, and that's independent of education (indoctrination).

So if IQ tests were required to vote, the GOP wouldn't get enough votes to be a viable party.

Trader#E6DD

Mar 12, 2026 10:52am

Quoting DuranDuran

Disliked

This is the law that makes it basically impossible for California to get cheap domestic energy. It made it illegal for them to get oil from the Gulf of America unless non-existent US-made tankers shipped it. Long time coming and should've been done even without current oil crisis.

Ignored

That and CA imposes a .61 gas tax per gallon on their people, the highest in the country, I believe.

pipmaster77

Mar 12, 2026 12:27pm

Quoting Trader#52D3

Disliked

can we iq test or leader before their election pls

Ignored

Now that would be comical......I'd love to see Biden's or Kamala's

Luxyus

Mar 12, 2026 9:50am

nice try it wont work properly

thesaint9

Mar 12, 2026 12:13pm

But “The Dow is over 50,000 right now. The S&P at almost 7,000 and the Nasdaq smashing records. Americans’ 401(k)s and retirements are booming. That’s what we should be talking about.”

thesaint9

Mar 12, 2026 12:17pm

Quoting Trader#4BCB

Disliked

{quote}you mean the convicted sex offender, fraudster and non-chirstian? Nice work

Ignored

I think he's being sarcastic. Look at his username.

Mar 12, 2026 9:49am

God bless trump

Mar 12, 2026 10:06am

Nonsense leader making whole world in problem

Trader#5A5C

Mar 12, 2026 12:21pm

Dumb Fuck to have started this war without a clear end plan

Luxyus

Mar 12, 2026 9:56am

Impact on barrel prices: Studies by the National Bureau of Economic Research (NBER) indicate that eliminating the law would reduce the price of gasoline on the East Coast by about $0.63 per barrel.

Costoto

Mar 12, 2026 9:55am

It seems like Trump’s manipulations are becoming less effective

Jahanzaib47

Mar 12, 2026 10:02am

changing power spain is always out

Trader#52D3

Mar 12, 2026 10:12am

can we iq test or leader before their election pls

cyberdadu

Mar 12, 2026 10:19am

Never get tired of winning(:

Trader#C5B3

Mar 12, 2026 10:32am

Nuclear energy. 2 words that fix it all. Forget EVs. NVs.

Trader#A391

Mar 12, 2026 11:49am

moron

Trader#6D7D

Mar 12, 2026 9:52am