by Brian Shilhavy, Health Impact News:
Oil briefly fell below $60 a barrel today, the first time since the Scamdemic, before Trump stepped in later in the day at the suggestion of Treasury Secretary Scott Bessent and Commerce Secretary Lutnick to put a pause on some tariffs, reverting back to 10% tariffs for a 90-day pause, while the tariff on China increased to 125%.
TRUTH LIVES on at https://sgtreport.tv/
The U.S. Oil industry is in a near panic right now with the rapid drop in the price of oil, calling it a “bloodbath.” They announced today that they were halting all drilling and investments, expressing extreme anger against President Donald Trump and his tariffs.
“The industry needs to cut immediately and hunker down to let the tariff war play out,” Bryan Sheffield, the son of Pioneer Natural Resources founder Scott Sheffield, was quoted as saying.
Earlier this week, during a Permian basin golf tournament, American shale drillers let their frustrations with the Trump administration be known, according to a Bloomberg report.
The industry is frustrated over its high level of support for the new administration, which has since caused a severe oil price plunge despite promises of a future where shale drillers could “drill baby, drill”.
Shale drillers contributed significantly to Trump’s election campaign and were responsible essentially for “making America great again” by catapulting the country to the status of top crude producer in the world.
The betrayal is now being felt as prices continue to tank. (Source.)
With today’s rapid rise in the Stock Market after Trump’s announcement, which followed a post on his Lies Social media platform that said:
“BE COOL! Everything is going to work out well. The USA will be bigger and better than ever before!”
And then four minutes later wrote:
“THIS IS A GREAT TIME TO BUY!!! DJT”
some were questioning if this was market manipulation:
Experts, critics raise questions after Trump says ‘this is a great time to buy’ before pausing tariffs
In the wake of President Donald Trump’s announcement Wednesday afternoon that he was pausing country-by-country tariffs by 90 days, some experts — as well as critics of Trump and social media users — are raising questions about a statement he posted earlier in the day that may have indicated the massive sell-off in stocks in recent days was coming to an end.
Not long after trading opened at 9:30 a.m. Wednesday, Trump took to his Truth Social platform and wrote:
“BE COOL! Everything is going to work out well. The USA will be bigger and better than ever before!”
Four minutes later, he wrote:
“THIS IS A GREAT TIME TO BUY!!! DJT”
Just before 1:30 p.m., Trump announced the pause, sending stocks soaring. The tech-heavy Nasdaq index had its biggest one-day gain since 2008, rising nearly 12%, while the S&P 500 climbed 9.5% and the Dow Jones Industrial Average surged 8%, or about 2,800 points.
Trump could have been generally urging people to buy into the market while prices were relatively low. That was the response Commerce Secretary Howard Lutnick gave when he was asked about the posts Wednesday evening on CNBC. (Source.)
Today was further proof that we cannot trust ANYTHING that this Administration says, as they will lie every day to get an advantage that makes them richer while they fully understand that the economy must crash.
On Monday, the White House told MSNBC: “A 90-day pause on tariffs is FAKE NEWS“, but then went ahead and did just that today.
Even today, we heard two different reasons as to why Trump paused some tariffs, as Treasury Secretary Scott Bessent told reporters that the president’s decision had nothing to do with the turmoil in both the stock and bond markets of the past week, saying that “this was his strategy all along.”
About two hours later Trump told reporters he did so because people were getting “yippy” and “afraid.” Source:
Trump says he decided on 90-day tariff pause because people were ‘yippy’ and ‘afraid’
I saw some Trump supporters stating that today’s rapid Stock Market increase was proof that Trump’s tariffs are working.
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