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BatFastard 2 hours ago

Why don't I hear anyone mentioning "Windfall profits tax" Are oil companies immune from legislation under the current administration?

mwkaufma 2 hours ago | parent | next [-]

This very article mentions windfall profits tax multiple times.

throw1234567891 2 hours ago | parent | prev | next [-]

The whole point of this war is to make money on oil.

pstuart 2 hours ago | parent | next [-]

In the past, yes.

Because this admin has only one person who calls the shots, it was started because he wanted it. Reports indicate that Bibi played on his ego, and recent "success" in Venezuela gave the illusion that "regime change" was easy, as well as an apparent long time hatred for Iran were the drivers here.

It is mind boggling that tens of millions of people continue to say "This is fine."

ghastmaster 2 hours ago | parent | next [-]

In Trump's past:

> In 1987, when Donald Trump was first flirting with running for president, he told an audience in New Hampshire that the United States should attack the "horrible, horrible country" of Iran, "and take over some of their oil." In the years since, Trump talked about grabbing control of the natural resources of Venezuela, Iraq, Syria, Kuwait, and Libya, too.

https://www.businessinsider.com/trump-energy-dominance-oil-i...

In his recent past:

> “To be honest with you, my favourite thing is to take the oil in Iran, but some stupid people back in the US say: ‘Why are you doing that?’ But they’re stupid people,” Trump told the British newspaper.

https://www.aljazeera.com/news/2026/3/30/trump-wants-to-inva...

pstuart an hour ago | parent [-]

Sure oil is always an intention for anything in the Middle East (except for Israel feeding the desire for the Apocalypse).

I just did a search to confirm my assessment and it points to Bibi playing Trump, along with America's best friend, Saudi Arabia wanting to smite their enemies.

Reason and logic have long left the chat. Everything happening now are based on Trump's whims and whoever can successfully flatter him into doing their bidding.

Hikikomori an hour ago | parent | prev [-]

Not just Bibi, kushner and Saudi Royals as well. Kushner received billions of Saudi money for his fund. Bibi literally slept in Jared's childhood bed when visiting the states.

SR2Z an hour ago | parent | prev | next [-]

Obviously not, and a little part of me dies every time someone boils a complex issue down to an obviously wrong statement like this.

The war with Iran right now is the culmination of the war in Gaza. These are two battlefields in a larger conflict - the belligerents are Iran and its proxies (Hamas, Hezbollah, the Houthis) versus everyone else in the region.

Iran escalated the conflict (which previously was only simmering and involved occasional missile attacks on Israel) with the 10/7 attacks in response to Saudi Arabia and other regional powers normalizing relations with Israel. They did not properly account for Israel being led by warmongering right-wingers, nor did they account for the US being led by a geriatric man who seems like he might have dementia. They assumed, incorrectly, that the US would continue to be led by reasonable people who weighed the risks of closing the Strait of Hormuz (earthshattering) against the risks of continued Iranian-funded terrorism in the region (Israel gets more bad press and has to keep spending money on missile defense).

The goals of this war, in a geopolitical sense, are to force Iran to abandon its proxies and to lead to regime change in Iran. The fact that the current US administration is made up of morons who should never been placed in power doesn't change that. The goals of any war are best explained by geopolitical factors and not whoever is in charge, because geopolitical factors are real and enduring while presidents and kings change often.

If anything, Trump's only pressing need at the moment is to get oil prices down so that the GOP isn't completely blown out in the midterms by $6/gal gas prices. Oil companies making money is not the cornerstone of US foreign policy, no matter how often people like citing it.

This isn't going to happen because Hormuz is likely to be closed for years to come. Eventually domestic economic pressure will force Iran to the negotiating table; the regime needs to sell oil almost as bad as Trump needs low gas prices. God willing all of the parties involved will have better leadership by then.

10 minutes ago | parent [-]
[deleted]
dominotw 2 hours ago | parent | prev [-]

would you buy chevron stock now ?

fhdkweig 2 hours ago | parent | next [-]

If you buy now, you are buying high. The time to buy was before the war was announced publicly. That's what insider trading is for.

throw1234567891 2 hours ago | parent | prev [-]

“It’s just business”.

dominotw 2 hours ago | parent | prev [-]

https://www.macrotrends.net/stocks/charts/CVX/chevron/gross-...

doesnt seem like a very profitable company