This guy, Kevin Hassett, doesn't get it.

[Swede]

"A month or two until oil shipments return to normal." With damage to oil facilities that's gonna take up to two years for repairs. That's only when the shooting stops.

Hassett: "As soon as the straits are open, then energy prices are gonna plummet like nothing you've ever seen before"

— Aaron Rupar (@atrupar.com) 2026-05-26T12:11:57.443Z

Then there's this duzy. WTF? He should get a refund on his education.

BREAM: The Journal says percentage of delinquent credit card balances is 13%, the highest in 15 years. People are using them for necessities. Your message to them?

HASSETT: We talk to CEOs of the credit card companies all the time, and there's not any threat to them. People are taking a bit longer.

— Aaron Rupar (@atrupar.com) 2026-05-31T15:19:56.658Z

[durablend]

1. Oh he gets it

"The rich will be just fine, don't you worry!"

[bucolic_frolic]

2. Looks permanently sloshed

Such a happy guy

[dalton99a]

3. Typical Trump whore

[sop]

4. "Like nothing you've ever seen before"

His henchmen know he's watching their tv appearances, soon they'll end interviews with "Thank you for your attention to this matter."

[ProfessorGAC]

7. Actually He Could Be Right

The part he leaves out is that we have never seen such a needless increase in the prices.
Can't take credit for cost going down when it's your fault they went up.

[Spazito]

5. He's disgusting but that's no surprise...

all of trump's cabinet members are disgusting, to say the least.

[GiqueCee]

6. Pathological liars always have a tell...

... Hassett's is that smarmy, sneering smile that says, "I'm lyin' and you're buyin' it! That means I'm better than you!"

[allegorical oracle]

8. Tends to sprinkle pixie dust on the fact that people are "spending more" and how

he can tell that's true by the way people are charging large purchases to their credit cards. He doesn't quite understand that those credit cards are largely underwater, already.

[haele]

9. UPenn needs to ask for his PHD back.

Happy Haslett was a Supply Side Economist advising the Federal Reserve on International policy for the past 30 years or so
Even a supply sider understands the workings of the international oil market - that's been the major market in the World for the past 90 years, with lots of data available on how international actions influences both the market and consumer prices.
It has always taken over two years to stabilize and recover, and the consumer never sees better than a 5% price drop from the high at the pump cost after stabilization.
If the Straits open today, we will never see the national average drop below $4.00. Say bye-bye to minimum $3.50 a gallon diesel or $3.00 a gallon unleaded anywhere going forward.