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Open original source ↗Last week, Vice President Vance said on the @willcain show:
"That's goal number one. Keep oil and gas cheap for Americans all over our country."
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Note that he said goal number two was stopping Iran from getting a nuclear weapon.
This is consistent with the view I picked up from @Geo_papic ... oil is the independent variable in the war, not the dependent variable.
This means @potus wakes up every morning, looks at the price of oil, and that dictates his prosecution of the war.
Not the war dictates where the price of oil will go.
@potus is trying to manage oil prices first, the war second.
Understanding this will clear up a lot of the confusion about oil price movements.
The market knows how to get @potus to react, move the price of oil. Not the other way around.
Quoted context
These are the quoted author’s words.
VP Vance on @willcain describes a twofold goal with Iran, placing primary emphasis on the economy - secondary emphasis on preventing nuclear threat: VANCE: "I know that oil is down today and it's way down from the highs in the early days of the conflict. That's goal number one. Keep oil and gas cheap for Americans all over our country. And then obviously, goal number two is ensure that Iran never gets a nuclear weapon. I feel confident we're accomplishing both of those goals."
JacquiHeinrich ↗