White House officials are bracing for oil prices to surge past the $150-a-barrel mark as the Iran war stretches into its second month and the Strait of Hormuz remains largely closed, according to a new report.
In recent weeks, the average cost of a barrel of crude has hovered around $100, a figure that the Trump administration now sees as the new “baseline,” though a potential spike to $200 hasn’t been ruled out, a source familiar with the matter told Politico.
As a result, officials have entered “all hands on deck” mode, urgently evaluating options to tame soaring oil prices — which pushed gas above $4 a gallon this week and risks inflating costs across the broader economy.
Automakers have billions of dollars in brand new EV manufacturing equipment and lines sitting around doing nothing since the new administration changed all the regulations and incentives.
they’re also putting some new programs on hold, so at least they’re not all outright cancelled yet
but oh boy have a lot been cancelled. we built a huge cell that was shipped to the customer and scrapped the next year. the customer actually ended up taking apart the tools we built and shipping us back a bunch of the components to build them another cell for a different project. that was neat.
And they arrested/deported most of the engineers who were supposed to train manufacturing employees…
Gotta subsidise the undead oil economy or else the old farts might actually have to read a journal and try to figure where else to invest the money they don’t need!