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Oil execs furious with Trump as prices collapse — and it could hurt his re-election hopes

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As if Donald Trump doesn’t have enough problems on his plate with the country crippled by the coronavirus pandemic that is causing the economy to collapse, now oil executives are furious with the president for cheering on the steep drop in oil prices.  

According to a report from Politico, Trump’s Twitter boast of “Good for the consumer, gasoline prices coming down!” on March 9th when prices dropped 25 percent infuriated oil execs who donated heavily to his 2016 campaign and it could come back to bite him in multiple ways as he gears up for re-election.

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“In interviewshalf a dozen industry officials who have talked with White House officials in recent days described Trump as slow to comprehend the twin body blows a global pandemic and a price war between Saudi Arabia and Russia would have on an industry he has long supported,” Politico’s Ben Lefebvre wrote while pointing out that the industry “employs hundreds of thousands of people in states key to any hope to beat his eventual Democratic rival for the presidency.”

The collapse of the industry has already led to companies scaling back new projects such as one in swing state Pennsylvania that would have created new jobs at a time when unemployment is skyrocketing.

Lefebvre reports, “Trump’s favorability is quite low in Texas — 45 percent in a University of Texas/Texas Tribune poll from early February, before the coronavirus crisis — compared to other predominantly Republican states, and he similarly lags in next-door New Mexico, a Democratic-leaning state which he hopes to win.”

According to one oil exec who is a big Republican donor, the president and his aides fail to understand the longterm implications of the oil industry collapse.

“The president wants lower gas prices to a point, but this well exceeds that point, and the administration knows this,” explained Dan Eberhart, CEO of Canary LLC. “The bigger worry for the administration from what I understand is helping an industry that consumers think produces fountains of gold. People that have spoken to the White House – myself included – are concerned that the administration doesn’t realize that the U.S. oil industry will eventually cease to exist at sub-$30 oil.”

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Politico goes on to note that the White House refused to comment on the report.


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2020 Election

‘Trump surrenders to the virus’: White House ripped for new ‘learn to live with it’ message on COVID-19

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President Donald Trump's administration was harshly criticized on Friday after a new report from NBC News.

"After several months of mixed messages on the coronavirus pandemic, the White House is settling on a new one: Learn to live with it," reported Carol Lee, Kristen Welker and Monica Alba.

"Administration officials are planning to intensify what they hope is a sharper, and less conflicting, message of the pandemic next week, according to senior administration officials, after struggling to offer clear directives amid a crippling surge in cases across the country. On Thursday, the United States reported more than 55,000 new cases of coronavirus and infection rates were hitting new records in multiple states," NBC News reported.

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2020 Election

Texas GOP will proceed with in-person state convention in Houston this month

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In light of the decision to go forward with an in-person convention with a new mask requirement, two sponsors announced they would drop out. Houston Mayor Sylvester Turner said he was hopeful that the organization would still reconsider.

The Texas GOP's executive committee voted Thursday night to proceed with plans to hold the party’s in-person convention in Houston later this month.

The State Republican Executive Committee, a 64-member body that serves as the governing board of the state party, voted 40-20 to approve the resolution supporting the in-person gathering. Thursday’s vote comes as the state grapples with a surge of coronavirus cases, with Houston serving as one of the country’s hot spots for the virus.

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2020 Election

Ron DeSantis threw temper tantrum after Trump hired strategist he ‘exiled’ from Florida GOP: report

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On Friday, Politico reported that President Donald Trump has brought back longtime Florida Republican strategist Susie Wiles to try to save his electoral chances in the critical swing state — and that Gov. Ron DeSantis, who worked to cast her out of power in the Florida GOP, is enraged by the move.

"Trump’s decision to reinstate Susie Wiles to his campaign’s good inner circle follows months of behind-the-scenes efforts to bring her back after she was exiled at the demand of Florida Gov. Ron DeSantis, who had her cast out of the president’s good graces in September," reported Gary Fineout and Marc Caputo, and it "comes as polls show Trump trailing Democrat Joe Biden in Trump's adopted home state. Trump won Florida four years ago by less than 113,000 votes and a loss in the battleground would likely doom his reelection effort."

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