How Trump set the Biden administration up for an economic disaster with a bargain made in 2020

[DigitalDrifter]

Here's how Joe Biden set Dimocrats up for a defeat in 2024:

 

[Frankenstein]

What exactly do you call winning? The damage to the climate caused by this is not winning. This is not a sporting event. I was an athlete. I have won championships. I know what winning is. This ain't it.

Talk to China who are building new coal plants every day, all of that pollution ends up here you moron!

 

[MarcATL]

What economic disaster OP?

Trump and his Republican imps will be touting Biden's economy as great and claim it as his within three months.

 

[imawhosure]

So you understand that Trump DID cut a deal to have both Russia and OPEC (who were having a production war to boost revenues) cut their production in order to bump UP the price of oil.

And not long after the price of oil went through the roof.

There’s your “high gas prices “ that Biden got blamed for … whether Trump intended it or not

SMOKE SCREEN ALERT, beep, beep, beep!

Cmon Lesh, are you telling EVERYONE on this board and in the public square, that DJT as President had way more power than Joe Biden?

All Joe had to do is rescind the deal. There was no time limits involved. Joe said he was gonna end fossil fuels, did he not?

You and your friends really have got to get a grip. You really are looking rather weak; but hey, that is ok. Watching all of you make excuses is rather entertaining. And we thought JESTERS and FOOLS ended in the middle ages. Well, they have been resurrected in the form of Leftists to entertain us, and we thank you for your support!

 

[Toddsterpatriot]

Cultists be like "Drill Baby Drill"

Fossil fuels are awesome in the Chicago winters.
Nuclear is also nice.
Which energy sources do you prefer?

 

[Zafira Cherry]

Fossil fuels are awesome in the Chicago winters.
Nuclear is also nice.
Which energy sources do you prefer?

I like a "breadbasket" of power options
Nuclear, Solar, wind, natural gas.

 

[Toddsterpatriot]

So you understand that Trump DID cut a deal to have both Russia and OPEC (who were having a production war to boost revenues) cut their production in order to bump UP the price of oil.

And not long after the price of oil went through the roof.

There’s your “high gas prices “ that Biden got blamed for … whether Trump intended it or not

So you understand that Trump DID cut a deal

When did Trump cut the deal? Be specific.

And not long after the price of oil went through the roof.

When did the price of oil go through the roof? Be specific.

 

[Toddsterpatriot]

I like a "breadbasket" of power options
Nuclear, Solar, wind, natural gas.

Are winters mild in your area?

 

[justoffal]

So Trump made a deal with the Saudis and Russia to raise gas prices in 2020. He did this to please his biggiest oil megadonor. And Biden got blamed for it.

How Trump set the Biden administration up for an economic disaster with a bargain made in 2020​

When Biden took office in 2021, he faced the prospect of responding to a number of Trump’s decisions made during his chaotic final year in office — including one important one made about oil
As Donald Trump patches up the ever-growing hole in his finances resulting from his ongoing legal escapades with fossil fuel money, it looks as if a late-game gamble the former president made during his last year in office may be finally paying off.

That gamble may have also set up Joe Biden to deal with the effects of higher gas prices just as he was taking office a year later.

Enter Harold Hamm, a supporter of Trump’s from 2016 who backed the president for re-election that year. Hamm, an oil tycoon, led the charge in pushing Trump to respond to this international trade war. Plunging oil prices were on track to devastate the energy economy of Texas — which is a major oil-producing hub, but could not compete with OPEC and Russia’s lower prices. Hamm warned Trump at the time that a collapse of the Lone Star State’s fossil fuel economy would certainly lead to his electoral defeat, as he reasoned that Texas would turn blue for the first time in decades.

It seemed like a far-fetched outcome, but one possibility was much more likely: Hamm’s contributions to the Republican Party, and money from others like him, would dry up alongside Texas’s oil wells. That was a far more worrying prospect. Hamm was described by one energy sector executive as capable of raising $1bn for a candidate and their respective side of the aisle in an election cycle, drawing from his deep connections through the industry.

So Trump attempted avert that outcome. The manner he did so was simple: by convincing OPEC and Russia to cease their price cut fight with a massive shared production cut, one that stabilized prices and dropped production by 9.7m barrels per day. The deal was finally inked in April of that year — but only after Trump reportedtly threatened to end a military partnership with Saudi Arabia over its government’s balking.

How Trump set Biden up for an economic disaster

When Biden took office in 2021, he faced the prospect of responding to a number of Trump’s decisions made during his chaotic final year in office — including one important one made about oil

www.independent.co.uk

Trump Cut a Deal that Raised Oil Prices for Americans​

• FACT: In 2020, Trump cut a deal with Vladimir Putin, Saudi Crown Prince Mohammed bin Salman, and OPEC+ to increase oil prices so that he could bail out his most important Big Oil megadonor, Harold Hamm.
• FACT: Donald Trump is bought and paid for by Big Oil. Trump asked Big Oil CEOs for $1 billion and promised to deliver their day one wishlist so that he can win a second term while they rake in huge profits.
• FACT: USA Today’s editorial board wrote of the deal that Trump’s “attempt to help oil companies will cost American workers and fuel-reliant businesses at the gas pump.”
• FACT: Trump has repeatedly boasted about raising oil prices on camera at multiple events.
• FACT: The FTC is calling for a criminal investigation over allegations that a (now former) Big Oil CEO colluded with Saudi-led oil cartel OPEC to artificially reduce output and inflate gas prices “at the expense of U.S. households and businesses,” costing Americans an estimated $500 per car.

FACT CHECK: Trump Cut a Deal that Raised Oil Prices for Americans | Climate Power

WASHINGTON, D.C. – Kamala Harris cast the tie-breaking vote to save Americans $38 billion on energy costs and held Big Oil accountable for price gouging, while Trump cut a deal with foreign governments to artificially raise gas prices to help out his most important Big Oil megadonor.

climatepower.us

Nice! See I told you Trump was a lefty!
There's your proof!

 

[justoffal]

So you understand that Trump DID cut a deal

When did Trump cut the deal? Be specific.

And not long after the price of oil went through the roof.

When did the price of oil go through the roof? Be specific.

You won't get specifics.

 

[el midgetron]

 

[Zafira Cherry]

Are winters mild in your area?

no

 

[Independent thinker]

So Trump made a deal with the Saudis and Russia to raise gas prices in 2020. He did this to please his biggiest oil megadonor. And Biden got blamed for it.

How Trump set the Biden administration up for an economic disaster with a bargain made in 2020​

When Biden took office in 2021, he faced the prospect of responding to a number of Trump’s decisions made during his chaotic final year in office — including one important one made about oil
As Donald Trump patches up the ever-growing hole in his finances resulting from his ongoing legal escapades with fossil fuel money, it looks as if a late-game gamble the former president made during his last year in office may be finally paying off.

That gamble may have also set up Joe Biden to deal with the effects of higher gas prices just as he was taking office a year later.

Enter Harold Hamm, a supporter of Trump’s from 2016 who backed the president for re-election that year. Hamm, an oil tycoon, led the charge in pushing Trump to respond to this international trade war. Plunging oil prices were on track to devastate the energy economy of Texas — which is a major oil-producing hub, but could not compete with OPEC and Russia’s lower prices. Hamm warned Trump at the time that a collapse of the Lone Star State’s fossil fuel economy would certainly lead to his electoral defeat, as he reasoned that Texas would turn blue for the first time in decades.

It seemed like a far-fetched outcome, but one possibility was much more likely: Hamm’s contributions to the Republican Party, and money from others like him, would dry up alongside Texas’s oil wells. That was a far more worrying prospect. Hamm was described by one energy sector executive as capable of raising $1bn for a candidate and their respective side of the aisle in an election cycle, drawing from his deep connections through the industry.

So Trump attempted avert that outcome. The manner he did so was simple: by convincing OPEC and Russia to cease their price cut fight with a massive shared production cut, one that stabilized prices and dropped production by 9.7m barrels per day. The deal was finally inked in April of that year — but only after Trump reportedtly threatened to end a military partnership with Saudi Arabia over its government’s balking.

How Trump set Biden up for an economic disaster

When Biden took office in 2021, he faced the prospect of responding to a number of Trump’s decisions made during his chaotic final year in office — including one important one made about oil

www.independent.co.uk

Trump Cut a Deal that Raised Oil Prices for Americans​

• FACT: In 2020, Trump cut a deal with Vladimir Putin, Saudi Crown Prince Mohammed bin Salman, and OPEC+ to increase oil prices so that he could bail out his most important Big Oil megadonor, Harold Hamm.
• FACT: Donald Trump is bought and paid for by Big Oil. Trump asked Big Oil CEOs for $1 billion and promised to deliver their day one wishlist so that he can win a second term while they rake in huge profits.
• FACT: USA Today’s editorial board wrote of the deal that Trump’s “attempt to help oil companies will cost American workers and fuel-reliant businesses at the gas pump.”
• FACT: Trump has repeatedly boasted about raising oil prices on camera at multiple events.
• FACT: The FTC is calling for a criminal investigation over allegations that a (now former) Big Oil CEO colluded with Saudi-led oil cartel OPEC to artificially reduce output and inflate gas prices “at the expense of U.S. households and businesses,” costing Americans an estimated $500 per car.

FACT CHECK: Trump Cut a Deal that Raised Oil Prices for Americans | Climate Power

WASHINGTON, D.C. – Kamala Harris cast the tie-breaking vote to save Americans $38 billion on energy costs and held Big Oil accountable for price gouging, while Trump cut a deal with foreign governments to artificially raise gas prices to help out his most important Big Oil megadonor.

climatepower.us

What economic disaster? You guys have been saying for four years now how great the economy is.

 

[justoffal]

What economic disaster? You guys have been saying for four years now how great the economy is.

Oh yeah.... Not anymore they're not.
Now it's a trashed up third world economy that nobody can live in.
Nobody can afford groceries or rent.
All of a sudden.... It happened in one day.

 

[Lesh]

Oh yeah.... Not anymore they're not.
Now it's a trashed up third world economy that nobody can live in.
Nobody can afford groceries or rent.
All of a sudden.... It happened in one day.

What’s happened is just the opposite.

All of a sudden that “terrible economy “ you pounded Harris on is now wonderful

 

[justoffal]

What’s happened is just the opposite.

All of a sudden that “terrible economy “ you pounded Harris on is now wonderful

No it isn't and I don't see anybody saying that. I'm also not 100% confident that Trump can do anything about it and I don't care who gets blamed. Once you take the office you inherit the responsibility... looking back to the last administration is a loser's position.
Nobody's going to listen to Trump if he tries to blame Biden now. He won the election and he also won the responsibility for what happens as of now. Or perhaps even more particularly as of January 20th.

 

[Lesh]

No it isn't and I don't see anybody saying that. I'm also not 100% confident that Trump can do anything about it and I don't care who gets blamed. Once you take the office you inherit the responsibility... looking back to the last administration is a loser's position.
Nobody's going to listen to Trump if he tries to blame Biden now. He won the election and he also won the responsibility for what happens as of now. Or perhaps even more particularly as of January 20th.

So when the metrics stay exactly the same as they are now… Trumpers will claim Trump did it

Right

 

[justoffal]

So when the metrics stay exactly the same as they are now… Trumpers will claim Trump did it

Right

I can't speak for everyone else. But no I'm not going to accept the bullshit that it's Biden's fault especially two to three months into his administration.

There are things that he can do immediately to ease the financial pressure. Will he do them? I don't know.

I do know he will continue the tax cuts and I do know that Harris had no intention of continuing them.

That's about the only thing that anyone could count on of the verbiage being bandied about during the final weeks and months of the presidential race. Most of the rest of it easily identifiable fluff.

I don't want to hear anything about what the last guy did.... I want to hear about what you're going to do now.

 

[pknopp]

Was this deal made? It was. Were there ever any oil shortages? No there wasn't. Was there ever actually any reason for the way oil prices fluctuated? No.

Biden could have addressed the reasons oil fluctuates the way it does. Simple manipulation of traders. That he didn't is on him. See, this is what I expect out of Democrats but they always fail.

Trump did what one would expect from a Republican. Biden did not do what one would expect from a Democrat.

 

[Nostra]

So Trump made a deal with the Saudis and Russia to raise gas prices in 2020. He did this to please his biggiest oil megadonor. And Biden got blamed for it.

How Trump set the Biden administration up for an economic disaster with a bargain made in 2020​

When Biden took office in 2021, he faced the prospect of responding to a number of Trump’s decisions made during his chaotic final year in office — including one important one made about oil
As Donald Trump patches up the ever-growing hole in his finances resulting from his ongoing legal escapades with fossil fuel money, it looks as if a late-game gamble the former president made during his last year in office may be finally paying off.

That gamble may have also set up Joe Biden to deal with the effects of higher gas prices just as he was taking office a year later.

Enter Harold Hamm, a supporter of Trump’s from 2016 who backed the president for re-election that year. Hamm, an oil tycoon, led the charge in pushing Trump to respond to this international trade war. Plunging oil prices were on track to devastate the energy economy of Texas — which is a major oil-producing hub, but could not compete with OPEC and Russia’s lower prices. Hamm warned Trump at the time that a collapse of the Lone Star State’s fossil fuel economy would certainly lead to his electoral defeat, as he reasoned that Texas would turn blue for the first time in decades.

It seemed like a far-fetched outcome, but one possibility was much more likely: Hamm’s contributions to the Republican Party, and money from others like him, would dry up alongside Texas’s oil wells. That was a far more worrying prospect. Hamm was described by one energy sector executive as capable of raising $1bn for a candidate and their respective side of the aisle in an election cycle, drawing from his deep connections through the industry.

So Trump attempted avert that outcome. The manner he did so was simple: by convincing OPEC and Russia to cease their price cut fight with a massive shared production cut, one that stabilized prices and dropped production by 9.7m barrels per day. The deal was finally inked in April of that year — but only after Trump reportedtly threatened to end a military partnership with Saudi Arabia over its government’s balking.

How Trump set Biden up for an economic disaster

When Biden took office in 2021, he faced the prospect of responding to a number of Trump’s decisions made during his chaotic final year in office — including one important one made about oil

www.independent.co.uk

Trump Cut a Deal that Raised Oil Prices for Americans​

• FACT: In 2020, Trump cut a deal with Vladimir Putin, Saudi Crown Prince Mohammed bin Salman, and OPEC+ to increase oil prices so that he could bail out his most important Big Oil megadonor, Harold Hamm.
• FACT: Donald Trump is bought and paid for by Big Oil. Trump asked Big Oil CEOs for $1 billion and promised to deliver their day one wishlist so that he can win a second term while they rake in huge profits.
• FACT: USA Today’s editorial board wrote of the deal that Trump’s “attempt to help oil companies will cost American workers and fuel-reliant businesses at the gas pump.”
• FACT: Trump has repeatedly boasted about raising oil prices on camera at multiple events.
• FACT: The FTC is calling for a criminal investigation over allegations that a (now former) Big Oil CEO colluded with Saudi-led oil cartel OPEC to artificially reduce output and inflate gas prices “at the expense of U.S. households and businesses,” costing Americans an estimated $500 per car.

FACT CHECK: Trump Cut a Deal that Raised Oil Prices for Americans | Climate Power

WASHINGTON, D.C. – Kamala Harris cast the tie-breaking vote to save Americans $38 billion on energy costs and held Big Oil accountable for price gouging, while Trump cut a deal with foreign governments to artificially raise gas prices to help out his most important Big Oil megadonor.

climatepower.us

Climatepower.us?