[pheggs]

there are at least two reasons trump is pushing for oil:

1) the US has lots of oil reserves, which would lose lots of value if everybody was using renewables 2) oil is the main driver for dollar demand, as oil is paid in dollar, allowing the US to have lots of debt relatively cheaply

That's also the reason why he wants to tell Europe to stop using renewables, and that's the reason why he is threatening Venezuela - because they have the biggest oil reserve and started selling it in different currencies.

Now whether that whole genius strategy to gain wealth through geopolitics is worth an extinction event is a different story.

[Jtsummers]

> That's also the reason why he wants to tell Europe to stop using renewables, and that's the reason why he is threatening Venezuela - because they have the biggest oil reserve and started selling them not in USD.

What's interesting is that the strategy you suggest (tell Europe to stop using renewables, attack nations that compete with US oil sales) only motivates other nations to move away from oil. It's a terrible strategy if the intent is to sell more US oil. Renewables are far more sustainable in many regards, and bolster national energy security while remaining on fossil fuels leaves them weak wrt energy security.

[jopsen]

Also the US is increasingly proving itself as an unreliable partner. Do you want that for your energy supply?

This is just more of that, contracts in the US are suddenly subject to political winds.

In the end, this will probably be unblocked by the legal system, and eventually the US tax payers will pay for damages. But it'll be a long time.

[pheggs]

it could very well be that it backfires. I guess time will tell. A lot of his actions seem to be trimmed into this direction, and it's not a new one. He left the paris climate agreement quite a while back as far as I remember. blocking offshore wind construction just fits this agenda, as supporting companies to manufacture these windmills would just make everything cheaper (more demand, rising production capacity etc.) and demonstrate actual use of it.

At least that's how I see this.

[aqme28]

There is a third important reason--

For some reason, oil has masculine aesthetics but wind power doesn't. I don't think this is a calculated play

[senectus1]

The Aplha Male Energy didnt do so well over the weekend. One got its jaw broken in two places... the other just got pounded into submission.

[osn9363739]

How many people actual think like this or are influenced by it? (I'm going to be disappointed aren't I)

[unmole]

> oil is the main driver for dollar demand, as oil is paid in dollar

This stupid meme needs to die.

[tagawa]

Maybe a third reason:

“Last week, Trump Media, the parent company of Truth Social that is majority-owned by the president, said it was getting into the energy business, announcing a merger with a fusion firm TAE Technologies.”

Source: https://www.bbc.com/news/articles/cd74lyr094vo

[iszomer]

Coincidentally, TAE Technologies had a product placement baked into the 2021 film named Finch with Tom Hanks, distributed by Apple Original Films.