Quote of the Day: “Let the Damn Oil Flow!”

Ralf Hirschberger/DPA via ZUMA

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President Trump in a cabinet meeting last week:

And I make calls. I said, “You better let that oil and that gasoline flow.” And they did. And now it’s down to $44. And I put out a social media statement yesterday; I said, “Do you think it’s luck that that happens?” It’s not luck. It’s not luck. I called up certain people, and I said, “Let that damn oil and gasoline — you let it flow — the oil.”

Tough! Good work, Mr. Pres—

Saudi Arabia is seeking a return to $80-a-barrel oil to cover a massive government spending boost—and plans to cut crude exports to 7.1 million barrels a day by the end of January, according to OPEC officials….To cover proposed expenditures, Riyadh is set to reduce its crude exports by as much as 800,000 barrels a day from November levels.

After all we’ve done to ignore the murder of Jamal Khashoggi, you’d think they’d be more grateful. But I guess it’s all fine. We don’t need the Saudis, after all. We’re the biggest oil producer in the world now, thanks to fracking. We can open our own taps and produce as much oil as we—

Thousands of shale wells drilled in the last five years are pumping less oil and gas than their owners forecast to investors….Collectively, the companies that made projections are on track to pump nearly 10% less oil and gas than they forecast for those areas….Some companies are off track by more than 50% in certain regions.

Oh. Well, I guess there’s always the Iranians. Maybe we could call a do-over and try to make friends with them again. Or maybe Russia. Or Venezuela. Or Canada. Or…oh crap. We’ve really pissed off a lot of big oil producers, haven’t we? But it should all work out. With a recession coming, we won’t need as much oil anyway.

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America will move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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