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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WE CAME UP SHORT.

We just wrapped up a shorter-than-normal, urgent-as-ever fundraising drive and we came up about $45,000 short of our $300,000 goal.

That means we're going to have upwards of $350,000, maybe more, to raise in online donations between now and June 30, when our fiscal year ends and we have to get to break-even. And even though there's zero cushion to miss the mark, we won't be all that in your face about our fundraising again until June.

So we urgently need this specific ask, what you're reading right now, to start bringing in more donations than it ever has. The reality, for these next few months and next few years, is that we have to start finding ways to grow our online supporter base in a big way—and we're optimistic we can keep making real headway by being real with you about this.

Because the bottom line: Corporations and powerful people with deep pockets will never sustain the type of journalism Mother Jones exists to do. The only investors who won’t let independent, investigative journalism down are the people who actually care about its future—you.

And we hope you might consider pitching in before moving on to whatever it is you're about to do next. We really need to see if we'll be able to raise more with this real estate on a daily basis than we have been, so we're hoping to see a promising start.

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