robert_heath

@atrupar The $159B was paid by US domiciled importers. They’d like the money they paid for an unconstitutional tax returned.

Trump: "We had an unfortunate ruling out of the Supreme Court. It was terrible. I hate to pay people back tariffs. $159 billion. The tariffs will actually be higher, it's turning out. They're gonna end up being higher."

@Acyn “Energy?” $ per kWH? $ per bbl? Brent? WTI? Spot price? Front-month futures price? He’s babbling.

Trump on Oil Prices: Everybody was wrong. They thought energy would be at $300. It’s at like 100. And I think it’s going down. There's a lot of energy out there on ships all over the world that are loaded up with it. They can't do much with it because they got, uh, kidnapped by a pretty evil place, but we're taking care of it.

@atrupar PRIVATE SECTOR job growth has halved under Trump compared to 2024.

a very confused Trump: "I could with one swipe of the pen say, 'Let's have no employment,' and I'll hire a million people or two million people and we'll have absolutely no employment."

@BonfigAaron @JamesSurowiecki That is exactly what a pusillanimous lickspittle would do.

@robert_heath @JamesSurowiecki That's plausible. Then he can tell his Dear Leader that it failed because of a "corrupt judge".

Blanche has put himself - and Comey's prosecutors - in a tough spot, because he's arguing, as he did last week in a press conference, that every use of "86" is a threat and a crime when used in reference to a president, while also saying that the DOJ is just choosing to not investigate the vast majority of those crimes.

@GBX_Press So another TACO Tuesday? If Iran doesn’t respond by this deadline, Trump will… set another deadline?

🚨 JUST IN: ​Donald Trump: "Iran has been given only 24 hours. After that, the world may witness one of the most devastating air strikes ever seen."

@FPWellman How does incentivizing alternative energy supplies lead to higher energy prices.

They lie so easily.

@JamesSurowiecki @DennisRBullock1 This. 👆

The discussion of Kelsey Plum bizarrely claiming she would have to pay an extra $13,000 in taxes if she earned a dollar more from her LA Sparks contract has ended up being an interesting window into Twitter dynamics. In particular, it shows how people look for any reason to dunk on a point made by an account they dislike, even when they have no actual response to the point. It also how the desire for traffic trumps any kind of critical thinking. Alex Berenson, for instance, tried to defend Plum by invoking NY state's tax laws, even though those laws are irrelevant to Plum's claim, since she lives in CA. And he attacked Plum's math (she's the one who said she would owe an extra $13,000) while blaming me for it. And he of course tossed in the obligatorily stupid reference to supposed midwits. Erick Erickson, meanwhile, just waved his hands and said "Her accountants must have told her this, and they must be right," without ever offering an explanation of how $1 dollar in CA income could translate into $13,000 in new taxes. This is just a silly way to argue. If you actually think a tweet is wrong, engage with the tweet itself and explain what's wrong with it. Don't, in your desperate desire to dunk, bring up red herrings or handwave and say "This can't be right," especially when doing so means you end up defending a ridiculous position.

@Acyn @carlquintanilla Yes! Blockading their blockade is four-demential chess.

President Trump tells Fox that his military blockade on Iran is the “greatest military maneuver in history”

@Logically_JC The ignorance of basic math and the made-up “$6 trillion” (one fifth of U.S. GDP) is staggering.

The tone-deafness is staggering.

@atrupar So strange, when Biden was president, they expected him to personally and immediately fix the avian flu that wiped out a significant portion of our brood hens. But now there’s nothing they can do about beef prices? Interesting.

Peter Navarro: "One of the biggest problems we have is inflation in beef. And one of the reasons has to do with just the way nature has been for the last decade or more. There's not much we up here can do about that. But Joe Biden ... "

At some point, one has to ask: If Trump were a paid Russian agent, what would he do differently? If Trump’s cognitive abilities were failing rapidly, what would he do differently? The answer to both questions is “nothing.”

@atrupar Quite the contrary… there was no nuclear Iran under the JCPOA. Trump tire that up. He allowed Iran to restart its nuclear efforts and create the mess he’s in.

VARNEY: When can we expect some relief from the surge in jet fuel prices? DUFFY: A lot of Democrats are making hay on this issue, complaining about fuel prices. Do you think they want prices to come down? Look at California. We have to have a little bit longer viewpoint. This is strong leadership by the president.

@atrupar So it’s “transitory?”

@RpsAgainstTrump So “transitory?”

Treasury Secretary Scott Bessent: “We are cognizant that this short-term blip in prices is affecting the American people, but I am also confident on the other side of this that prices are going to come down very quickly. The stock market is looking through this. Corporate earnings are good. Employment is good. And this gasoline, this temporary aberration, will be over in a matter of weeks or a month."

@bambibristol @WildWestShow4 Is that Trump post real? Is he channeling Jimmy Carter?

As an experiment I shall spend today ‘only driving downhill whenever possible’… Stay tuned to see if I have to eventually drive up hill to return home.

@atrupar What a joke. She thinks Biden implemented and Trump removed regulations that were costing the oil & gas sector one-fifth of the U.S. economy?

Loeffler on high gas prices: "We continue to give relief in other areas, cutting $6 trillion in regulations that the Biden administration put in place. So the list goes on and on of the relief that we are providing to the American people in real time."

@DJ_Nite_Nite @rinsana @AlexSJacquez Crude stocks have been gently increasing over the past few years.

@robert_heath @rinsana @AlexSJacquez Yes especially when you combine that with the crude drawdowns . (Not in your chart) What will this chart show in 3 months? Retail prices say they continue to fall. Always think ahead. If you think stocks stays low-normal then go ahead and short WTI.

Great news guys, we’re sending our domestic oil abroad to chase triple digit prices, juicing profits for Big Oil while U.S. gas prices head toward $5

@DJ_Nite_Nite @rinsana @AlexSJacquez I’ve been long WTI since Feb 27. And mid-stream MLPs and LNG for years. Still, there’s nothing seasonally out of the ordinary in either gasoline or distillate stocks in the U.S. And withdrawals from the SPR are no more concerning today than they were under Biden.

He’s just out there trying to rig elections in plain sight, and way too many of you people are failing to take him seriously. How you can do that after J6, I don’t know, but America needs to wake up.

@DJ_Nite_Nite @rinsana @AlexSJacquez Are they though?

@robert_heath @rinsana @AlexSJacquez Sure, but gasoline stocks are plummeting and if we don’t stop it, it will empty our storage. A full tank is better than an empty tank Gasoline demand may be lower but it’s not zero and diesel/jet fuel usage is following the economy. Booming economy, booming demand.