No. of Recommendations: 3
Thinking about Trump the God's offer to insure all tankers transiting the Strait.
Oil prices ease after Trump says U.S. will insure tankers transiting Strait of Hormuz
Trump said the U.S. Development Finance Corporation will “provide, at a very reasonable price, political risk insurance and guarantees” for the financial security of all maritime trade through the Gulf.
“If necessary, the United States Navy will begin escorting tankers through the Strait of Hormuz, as soon as possible,” the president said in a social media post. https://www.cnbc.com/2026/03/03/crude-oil-prices-t...Knowing that God and Savior Trump doesn't do anything, for anyone, unless he profits, what sort of tithe is he going to extort for the insurance and naval escort?
Steve
No. of Recommendations: 1
He's going to charge user fees of some kind, and he says so. "At a very reasonable price."
But that money will go to the U.S. Treasury, not to Trump personally.
You know, like the tariffs.
It's just another form of tax.
Taxes are good things, right?
No. of Recommendations: 3
He's going to charge user fees of some kind, and he says so. "At a very reasonable price."
He says he will offer insurance, where the private insurance companies will not, at any price.
I don't see anything preventing other countries offering insurance. My first thought was the Saudis insuring their cargoes as they directly benefit from keeping their exports moving, and they have deep pockets. Are we such suckers that we would subsidize the Saudis, and Trump the God's good buddy MBS?
But that money will go to the U.S. Treasury, not to Trump personally.
Or, it could go into that account in Qatar, like the loot from Venezuela.
Steve
No. of Recommendations: 6
Are we such suckers that we would subsidize the Saudis, and Trump the God's good buddy MBS?
Yes, we are.
It’s just another Trump-brand grift. He wants to build “Trump towers” (or some other real estate developments) in the Middle East and can pay off the Saudis and the other oil rich states with US taxpayer money instead of his own.
—Peter
