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Analyzed from 1745 words in the discussion.
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#oil#war#iran#trump#gas#prices#money#power#energy#https
Discussion Sentiment
Analyzed from 1745 words in the discussion.
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Discussion (65 Comments)Read Original on HackerNews
All that is at the expense of the rest of the economy. The sectors that are hit the hardest tend to be, with the exception of those above, the ones who voted (disproportionately) for these people.
... which is what you get with a narcissist. The people hurt the most by a narcissist tend to be those closest or those that support them.
The wild thing is that this is an extremely predictable thing that has happened every time this political party is given control of the military. The chutzpah of claiming to be anti-war is breathtaking, and it's stunning that voters fell for it.
Which isn't entirely a bad thing. The issues facing the world and the country are so much bigger than they used to be 200 years ago and aren't getting smaller. They require an entire team of educated people to fix. If only they weren't so corrupt. But since power corrupts, I'm not sure that's something that's even fixable at longer timescales.
There was a moment where a single channel, Tiktok, wasn't under their control, and they managed to force congress to force a takeover of that platform as well.
Engaging with their false narrative doesn't do anything but reinforce it.
If it's what they wanted it's very odd that the winning candidate's platform swore no new wars. It's also weird that his approval rating is bouncing around at the lowest level ever recorded as he's prosecuting a war that his constituents want.
Because this admin has only one person who calls the shots, it was started because he wanted it. Reports indicate that Bibi played on his ego, and recent "success" in Venezuela gave the illusion that "regime change" was easy, as well as an apparent long time hatred for Iran were the drivers here.
It is mind boggling that tens of millions of people continue to say "This is fine."
> In 1987, when Donald Trump was first flirting with running for president, he told an audience in New Hampshire that the United States should attack the "horrible, horrible country" of Iran, "and take over some of their oil." In the years since, Trump talked about grabbing control of the natural resources of Venezuela, Iraq, Syria, Kuwait, and Libya, too.
https://www.businessinsider.com/trump-energy-dominance-oil-i...
In his recent past:
> “To be honest with you, my favourite thing is to take the oil in Iran, but some stupid people back in the US say: ‘Why are you doing that?’ But they’re stupid people,” Trump told the British newspaper.
https://www.aljazeera.com/news/2026/3/30/trump-wants-to-inva...
The war with Iran right now is the culmination of the war in Gaza. These are two battlefields in a larger conflict - the belligerents are Iran and its proxies (Hamas, Hezbollah, the Houthis) versus everyone else in the region.
Iran escalated the conflict (which previously was only simmering and involved occasional missile attacks on Israel) with the 10/7 attacks in response to Saudi Arabia and other regional powers normalizing relations with Israel. They did not properly account for Israel being led by warmongering right-wingers, nor did they account for the US being led by a geriatric man who seems like he might have dementia. They assumed, incorrectly, that the US would continue to be led by reasonable people who weighed the risks of closing the Strait of Hormuz (earthshattering) against the risks of continued Iranian-funded terrorism in the region (Israel gets more bad press and has to keep spending money on missile defense).
The goals of this war, in a geopolitical sense, are to force Iran to abandon its proxies and to lead to regime change in Iran. The fact that the current US administration is made up of morons who should never been placed in power doesn't change that. The goals of any war are best explained by geopolitical factors and not whoever is in charge, because geopolitical factors are real and enduring while presidents and kings change often.
If anything, Trump's only pressing need at the moment is to get oil prices down so that the GOP isn't completely blown out in the midterms by $6/gal gas prices. Oil companies making money is not the cornerstone of US foreign policy, no matter how often people like citing it.
This isn't going to happen because Hormuz is likely to be closed for years to come. Eventually domestic economic pressure will force Iran to the negotiating table; the regime needs to sell oil almost as bad as Trump needs low gas prices. God willing all of the parties involved will have better leadership by then.
doesnt seem like a very profitable company
Just for perspective, Nvidia's daily profits for the past quarter are $641 million. For Apple it's $327 million.
Off the top of my head I can’t think of another company or industry that would profit from a supply side shock the way the oil industry does.
However, the US oil industry is not supply constrained by the war. They can still produce as much oil as ever. It's only their competitors in the middle east that are affected.
They reduces the global supply of oil and increases demand for US oil. That's why their profits are up.
https://www.axios.com/2026/07/30/china-oil-price-iran-power
If they can't sustain that level, or decide to stop taking action, the level of pain is going to be immense.
They’re doing a bit better than that.
Everyone in the world (except our very own kakistocracy) is scrambling to decouple from this energy source.
[1] https://www.cbsnews.com/news/oil-prices-top-100-for-first-ti...