this post was submitted on 02 Apr 2026
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White House officials are bracing for oil prices to surge past the $150-a-barrel mark as the Iran war stretches into its second month and the Strait of Hormuz remains largely closed, according to a new report.

In recent weeks, the average cost of a barrel of crude has hovered around $100, a figure that the Trump administration now sees as the new “baseline,” though a potential spike to $200 hasn’t been ruled out, a source familiar with the matter told Politico.

As a result, officials have entered “all hands on deck” mode, urgently evaluating options to tame soaring oil prices — which pushed gas above $4 a gallon this week and risks inflating costs across the broader economy.

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[–] BilboBargains@lemmy.world 7 points 1 hour ago

Trump officials bracing for nightmare scenario of renewable energy and end of global hegemony.

[–] humanspiral@lemmy.ca 10 points 4 hours ago (1 children)

One idiotic move administration has made is to increase ethanol content of gasoline. Ethanol is corn based in US. Cost of corn is fertilizer based. The futures price of corn has only increased about 10%, while fertilizer costs are up 100%, and so no logical reason to plant corn that has been losing money for farmers for last 5 years.

Easiest plan to bring down energy prices would be to import chinese solar tariff free, to use on ethanol corn fields in Nebraska. Leaving room for Corn between panel rows when it is viable to grow corn for food again. There's even a path towards 0 cost electricity for 24/7 datacenters or other loads. https://lemmy.ca/post/59615557?scrollToComments=true

[–] boonhet@sopuli.xyz 3 points 3 hours ago (1 children)

Your linked AI slop post has a LOT of assumptions and it's kinda expensive. If the total system capex is 50k for 1 kW load, it'll be 500 million for a modern 10MW data center. Then covering the deficit off employee BEVs for peanuts a kWh: That assumes you have enough employees for that and that they're willing to wear their batteries for this.

But yes, the whole ethanol requirement is stupid for a country that has its own oil anyway

[–] humanspiral@lemmy.ca 2 points 2 hours ago

You're right about cost assumptions of renewables. Like I said, tariff free Chinese costs + 30% local premium results in 0 electricity costs if $2/kg hydrogen revenue. Higher costs would still pay off at 10c/kwh from datacenter/other sales.

[–] prole@lemmy.blahaj.zone 41 points 7 hours ago (4 children)

It honestly makes me sick that this appears to be the line for most Americans. Fuck this country.

[–] IronBird@lemmy.world 1 points 1 hour ago

$ is the only thing sacred in america, always has been

[–] SaveTheTuaHawk@lemmy.ca 8 points 3 hours ago

No one cares about victims of rape and pedophilia, that's other people, caring about other people is un-American.

[–] innermachine@lemmy.world 33 points 7 hours ago (1 children)

To be fair, once fuel prices go up the cost of EVERYTHING also goes up. So no it's not just about pain at the pump, it's pain at the grocery check out. Pain when the oil truck comes to deliver your liquid heat. Pain when you buy anything plastic, anything grown with fertilizers. People don't realize petroleum is in almost everything! And if it doesn't use a petroleum product in manufacturing, it certainly does in shipping.

[–] RecursiveParadox@piefed.social 8 points 5 hours ago (1 children)

Prices for the kinds of fuel ocean going ships burn have increased 25%-35% depending on the port.

[–] innermachine@lemmy.world 4 points 4 hours ago

Yep and the same cart of groceries I spent 100 bucks on last year is about 200 now :( Trump was right. So much winning we'll get sick of it. Trouble is only the billionaires are winning, at our expense. I'm not having fun anymore.

[–] dan1101@lemmy.world 13 points 7 hours ago (1 children)

The only thing that keeps most people complacent is they can manage to scrape by with their meager salary buying crappy goods. Take that away and Americans might get more revolutionary.

[–] BanMe@lemmy.world 11 points 7 hours ago (1 children)

"americans are 3 hot meals from a revolution" is the saying I think.

[–] partofthevoice@lemmy.zip 6 points 6 hours ago

Yeah, but I don’t think America existed when that phrase was first said. More like “The people are…”

[–] humanspiral@lemmy.ca 3 points 4 hours ago

West coast will run out of jet fuel in 2-3 weeks. US politics are so hateful, Texas will likely refuse to ship any by truck to say that this is "woke green policies" fault.

[–] RememberTheApollo_@lemmy.world 17 points 7 hours ago (1 children)

What exactly are they “bracing” for? Not a single one of them has to pay out of pocket for it.

[–] Kage520@lemmy.world 13 points 6 hours ago (2 children)

They are bracing for the voters to finally turn on them. Commit fraud? It's fine my gas is cheap. Sex with children? Eh whatever I don't want to consider if that's true or not as long as my gas is cheap. Bomb a school overseas? Whatever you've gotta do to keep my gas cheap. GAS PRICES ARE UP?! WTF IS THIS ADMINISTRATION DOING?! VOTE THEM OUT.

It's sickening, but it seems the price of gas is really all that matters to the Republican voter.

[–] boonhet@sopuli.xyz 2 points 3 hours ago

To be fair, a coal rolling Duramax is pretty expensive to feed.

[–] RememberTheApollo_@lemmy.world 2 points 6 hours ago (1 children)

This country has done nothing except wait for someone else to solve the “trump problem.” Protests are great to show unity and dissatisfaction, but I don’t think the regime cares. Protests are not force, and the only thing, if it isn’t obvious, this administration understands is abuse and use of force. They’d probably be fine with a Tiananmen Square scenario in the US, it would justify the final grab for power.

That said, I hope you’re right and gas is finally enough to force change. Hopefully we don’t replace one idiot with another.

[–] Sanctus@anarchist.nexus 1 points 2 hours ago

Its simply time to disobey. If you live next to an AI Datacenter now is your chance to shine.

[–] Kurroth@aussie.zone 5 points 6 hours ago (4 children)

Isn't the US a net exporter of oil. Can someone explain to me why this wouldn't benefit them? Sell oil an increased cost with increased demand globally, cover costs at home with supplying the locally refined stuff for the population.

Anyone more in the know able to explain the gaps in my understanding?

[–] lama@lemmy.world 1 points 38 minutes ago

You're not wrong. The US could do that. But in the US there is no forcing function to make the companies subsidize the oil locally and they would rather make more profit by selling oil at the market price.

[–] humanspiral@lemmy.ca 5 points 3 hours ago* (last edited 13 minutes ago)

The more exports of US oil/lng the higher the price for Americans. It's not as though oligarchy pays taxes, so when you say America makes money, there is no trickle down to Americans.

[–] Ashenlux@lemmy.blahaj.zone 8 points 5 hours ago (1 children)

My theory, it's not the government that has the oil, it's the oil companies. And because this is capitalism, the oil companies will charge as much as the can. So even if it is made here, the drastically reduced supply globally means the companies can change more, and so they will.

[–] 8oow3291d@feddit.dk 3 points 2 hours ago* (last edited 2 hours ago) (2 children)

My theory, it’s not the government that has the oil

That is not a theory, that is just a fact.

In theory the government could and should impose price controls, for the common good. But Trump and Republicans are obviously not going to tell the oil oligarks that they can't have lots of money.

[–] Ashenlux@lemmy.blahaj.zone 3 points 1 hour ago (1 children)

Yeah, fair enough. I am just not very informed on the oil industry, so I didn't want to sound like I did in case I was talking out my ass. Good to know I was correct in my assumption.

[–] 8oow3291d@feddit.dk 3 points 1 hour ago* (last edited 1 hour ago)

I am just not very informed on the oil industry, so I didn’t want to sound like I did in case I was talking out my ass.

No no, I am not criticizing. I am all for using the correct level of qualifiers when speculating about things you know you don't know with certainty.

If only the people talking out of their ass about the current conflict in the middle east would do the same...

[–] IronBird@lemmy.world 1 points 1 hour ago

who do you think gave this admin their orders to kick the ME hornetnest? oil barons are making a killing right now

[–] IamSparticles@lemmy.zip 5 points 5 hours ago

Part of it has to do with the fact that most of the oil we extract in the US now is shale oil, which is lighter and thinner than what they pull out with traditional extraction. Most of the refineries in the US are not equipped to process shale oil, so we export most of it, and import what we can process.

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