You know he’s full of shit as I don’t even think that could even theoretically work, with just US oil production - you couldn’t increase domestic supply enough to have that much of an impact, even if you were willing to utterly tank profits. He was talking about reducing prices “50 to 70%.” Gas prices went down, what, 50% during covid, in response to the value of a barrel of oil going negative? (The US is currently producing more oil than it was under Trump, ironically.) Doubly true for electricity, where fuel doesn’t represent that significant a percentage of costs. There’s not even remotely a mechanism for this without massive government take-over of the entire energy market (which obviously isn’t going to happen under Trump) and having energy being massively subsidized by taxpayers (i.e. taxes go up).
It’s hilarious bullshit on his part - even better was the promise he made in his “economics” press conference where he explained how he was going to drive down prices overall. He was going, on “day one,” to give an order to reduce prices… to his cabinet. Yeah, that should do it.
On a daily basis I scream out loud, “how can anyone take this fucker seriously?!”
Seems like he’s cutting back on even those promises - he usually only says that when cornered by the press, and I don’t know if the press are only giving him softball questions these days, or he’s simply responding with answers that are empty gibberish instead of promising actual policy positions in the future.
