RIP Lotide

  • 465 Posts
  • 73 Comments
Joined 27 days ago
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Cake day: April 28th, 2026

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  • it’s not like oil companies are famous for their dislike of war and short-term profits at great future and social expense

    Most of the political moves supported by the oil industry have supported their future though. What Trump is doing now will support American oil companies’ futures as well…if they are successful. But if Trump can’t get the strait of Hormuz open, that will be a net negative for these oil companies over time, especially if America can’t (or won’t) boost domestic oil production, and can’t get oil production in Venezuela off the ground by the end of the year.