alt Hacker News> Is that why he bombed Iran and single-handedly caused a global energy crisis?
Yes. Oil price hurts China industrial capacity more than the US economy. Oil companies made a $93 billion profit amid the war [1]. The US is a net oil exporter, while China halved their oil imports [2].
ExxonMobil and Chevron are US-incorporated. TotalEnergies (French) BP (UK), Shell (UK) also have significant US-based ownership (~50%, ~25% and ~25% respectively), including BlackRock, Vanguard, mutual funds, and US pension funds.
> A shift of focus to “dominance of the American continent”?
1. Venezuela was under embargo and selling oil to China. The Nicolas Maduro hijack and the country's political realignment with US will have the double effect of negating oil to China and securing large nearby reserves.
2. Argentina has a Trump-aligned president, who is vocal about undermining the Mercosul agreement and is currently in diplomatic attrition with Brazil. Recently signed a $20 billion loan from FMI.
3. Paraguay signed a treaty for a US forward operation base in their territory. The Paraguay border is home to a large hydroelectric, a major power source for 3 countries: Paraguay, Argentina and Brazil.
4. Colombia has a new Trump aligned president. It's a young president with no political background. The US State Department announced a $1 billion assistance upon his election for military investment.
5. Peru’s new president Keiko Fujimori is Trump-aligned.
6. Chile’s new president Jose Antonio Kast is Trump-aligned.
7. US retaliated against the prosecution of former Trump-aligned Brazil president for attempted coup by announcing an 50% emergency tariff (which didn't hold legally), then crafting a Section 301 investigation to justify a 25% tariff in July 2026.
8. US is giving asylum to the former president's son, who is vocal on social media about defending the US tariffs as retaliation, defends military intervention of the US in Brazil, as well as stating (but without proof) that Brazilian polls are rigged – not the one his father ran and won, apparently.
[1] https://www.theguardian.com/business/ng-interactive/2026/aug...
[2] https://www.reddit.com/r/EconomyCharts/comments/1uxdx8p/chin...
Replies
that’s a lot of words about South America in order to paper over what we are all currently feeling at the pump and in the economy at large. Between his incoherent tariff policies and the paltry job numbers we are seeing, I think you’re going to have a hard time convincing me he’s doing things that are good for us domestically. I’m not even touching the heated social issues he’s been pouring gas all over.
> The US is a net oil exporter, while China halved their oil imports [2].
This seems to be the opposite point you want.
Everybody is going to have increased expenses for everything due to their oil dependency _except_ China. Which will raise the price of Chinese exports to the market price but giving China a lot of producer surplus.
Or China can keep doing it's Belt & Road plans and grant other countries money to help with their oil problems in exchange for territory. Or also keep prices lower to continue hollowing out other countries manufacturing capabilities.
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The leaders of South America claiming to be "Trump aligned" is good for Trump. Trump is not the average american citizen. And boy will those leaders flip the second he's out of the presidency.