Donald Trump has made bold comments about oil prices, leaving the public enraged. In a recent address to the media, he said that rising oil prices amid the US blockade of the Strait of Hormuz are totally “worth it.” He added that he had expected oil prices to climb even higher than current levels, but they remain below his expected costs.
Donald Trump comments on higher oil prices
Trump recently told the media that the higher oil prices, caused by the blockade of the Strait of Hormuz, are “worth it.” He said that the stock market is now higher than it was when the war commenced at the end of February.
During that time, he believed that the oil prices would go extremely high, but they still remained low in comparison to his expectations. He elaborated, “And I thought oil prices would go to $200, $250. It’s at $100 now. And I think you’re surprised, and I’m surprised.”
However, the 79-year-old claims that his thoughts wouldn’t have varied even if the prices had gone to what was expected. “But even if it went to $200, it would have been worth it,” he noted.
His latest comments have seemingly received backlash from people, who took to social media to express their thoughts on the skyrocketing oil prices. A user said, “…..because we continue to profit on the grift. Who cares if you can not afford it.” Another said, “According to you only. You have lost your mind.” A third user added, “That’s easy to say when you’re a billionaire who gets chauffeured around.”
Other reactions also included, “Worth it to who? All the billionaires who are making money off oil stocks? Certainly not worth it to the rest of us,” “Says the billionaire sitting in Mar a Lago. Tough gig on his finances,” and “what an arrogant out of touch thing to say.”
In an earlier conversation, Trump addressed U.S. Energy Secretary Chris Wright, who claimed previously that the oil prices might not go down until 2027. However, he debunked Wright’s claims, revealing that it will decrease once the Iran war concludes.
Originally reported by Shazmeen Navrange on Mandatory.
