by Brian Shilhavy
Editor, Health Impact News

Oil briefly fell below $60 a barrel today, the first time since the Scamdemic, before Trump stepped in later in the day at the suggestion of Treasury Secretary Scott Bessent and Commerce Secretary Lutnick to put a pause on some tariffs, reverting back to 10% tariffs for a 90-day pause, while the tariff on China increased to 125%.

Source.

The U.S. Oil industry is in a near panic right now with the rapid drop in the price of oil, calling it a “bloodbath.” They announced today that they were halting all drilling and investments, expressing extreme anger against President Donald Trump and his tariffs.

“The industry needs to cut immediately and hunker down to let the tariff war play out,” Bryan Sheffield, the son of Pioneer Natural Resources founder Scott Sheffield, was quoted as saying.

Earlier this week, during a Permian basin golf tournament, American shale drillers let their frustrations with the Trump administration be known, according to a Bloomberg report.

The industry is frustrated over its high level of support for the new administration, which has since caused a severe oil price plunge despite promises of a future where shale drillers could “drill baby, drill”.

Shale drillers contributed significantly to Trump’s election campaign and were responsible essentially for “making America great again” by catapulting the country to the status of top crude producer in the world.

The betrayal is now being felt as prices continue to tank. (Source.)

With today’s rapid rise in the Stock Market after Trump’s announcement, which followed a post on his Lies Social media platform that said:

“BE COOL! Everything is going to work out well. The USA will be bigger and better than ever before!”

And then four minutes later wrote:

“THIS IS A GREAT TIME TO BUY!!! DJT”

some were questioning if this was market manipulation:

Experts, critics raise questions after Trump says ‘this is a great time to buy’ before pausing tariffs

In the wake of President Donald Trump’s announcement Wednesday afternoon that he was pausing country-by-country tariffs by 90 days, some experts — as well as critics of Trump and social media users — are raising questions about a statement he posted earlier in the day that may have indicated the massive sell-off in stocks in recent days was coming to an end.

Not long after trading opened at 9:30 a.m. Wednesday, Trump took to his Truth Social platform and wrote:

“BE COOL! Everything is going to work out well. The USA will be bigger and better than ever before!”

Four minutes later, he wrote:

“THIS IS A GREAT TIME TO BUY!!! DJT”

Just before 1:30 p.m., Trump announced the pause, sending stocks soaring. The tech-heavy Nasdaq index had its biggest one-day gain since 2008, rising nearly 12%, while the S&P 500 climbed 9.5% and the Dow Jones Industrial Average surged 8%, or about 2,800 points.

Trump could have been generally urging people to buy into the market while prices were relatively low. That was the response Commerce Secretary Howard Lutnick gave when he was asked about the posts Wednesday evening on CNBC. (Source.)

Today was further proof that we cannot trust ANYTHING that this Administration says, as they will lie every day to get an advantage that makes them richer while they fully understand that the economy must crash.

On Monday, the White House told MSNBC: “A 90-day pause on tariffs is FAKE NEWS“, but then went ahead and did just that today.

Even today, we heard two different reasons as to why Trump paused some tariffs, as Treasury Secretary Scott Bessent told reporters that the president’s decision had nothing to do with the turmoil in both the stock and bond markets of the past week, saying that “this was his strategy all along.”

About two hours later Trump told reporters he did so because people were getting “yippy” and “afraid.” Source:

Trump says he decided on 90-day tariff pause because people were ‘yippy’ and ‘afraid’

I saw some Trump supporters stating that today’s rapid Stock Market increase was proof that Trump’s tariffs are working.

However, holding a stock that just increased dramatically in price in such a short time is worthless, unless you can SELL it.

So guess what is probably going to happen next?

This is from Market Watch:

The stock market may be soaring, but here’s where the sellers are likely waiting

The stock market may be soaring Wednesday after President Donald Trump essentially erased the possibility of a worst-case scenario — for now — but that doesn’t necessarily mean the selling is over.

As dramatic as the bounce is, there’s reason to believe that sellers still have positions they want to move, and they may even be hoping for a bit of a bigger bounce so they can start unloading. (Source.)

And we can be sure that as this progresses, the Too-Big-to-Fail Wall Street behemoths will probably be bailed out, again, just as Obama did in 2008.

Apple Computers, which will be hit the worst in the Tech sector from the China tariffs, is already expecting an “exemption.”

From Market Watch:

Apple stock surged Wednesday afternoon after President Donald Trump put a pause on most tariffs, increased levies against goods imported from China, and raised hope that the iPhone maker could be excused from the taxes.

Shares surged even more after the president said on Wednesday that he will take a look at exempting some U.S. companies from tariffs. That matters to Apple investors because the iPhone maker was exempted from tariffs the last time Trump was in office. They’re likely betting it can happen again. (Source.)

Meanwhile, the Houthi rebels today shot down yet another U.S. drone (source), as there are reportedly concerns now that the U.S. is spending so much money to try to defeat the “lowly” Houthis, that the U.S. is quickly depleting military resources in the Pacific meant to oppose China.

US readiness for face off with China ‘hurt’ by costly Yemen campaign: Report

The US military is becoming “increasingly concerned” that it will soon need to relocate long-range precision munitions from the Asia-Pacific region, due to the large amounts of weaponry Washington is burning through in its war on Yemen, according to the New York Times (NYT).

Washington is particularly concerned that US readiness for a potential conflict with China is being harmed by the campaign against Yemen.

“US readiness in the Pacific is being hurt by the Pentagon’s deployment of warships and aircraft … The American ships and aircraft, as well as the service members working on them, are being pushed at what the military calls a high operating tempo. Even basic equipment maintenance becomes an issue under those grinding conditions,” anonymous congressional officials told NYT.

The USS Harry S. Truman, which is being targeted constantly by the Yemeni Armed Forces (YAF) in the Red Sea, is now being joined by the USS Carl Vinson, which was previously deployed in the western Pacific.

Munitions are also being depleted, as stockpiles were already below what is required when the former US administration began a bombing campaign against Yemen in January 2024. In mid-March, US President Donald Trump renewed the campaign with severe intensity, with heavy attacks targeting Yemen on a daily basis.

A senior defense official told the congressional aides speaking with NYT that the Pentagon is “risking real operational problems” if a conflict with China were to erupt.

The bombing campaign against Yemen has been extremely costly.

Sources who spoke to CNN over the weekend say it has cost nearly $1 billion in under three weeks.

The offensive has relied on expensive precision munitions like Tomahawk missiles, JASSMs, JSOWs, B-2 bombers from the Diego Garcia base, and additional aircraft carriers and fighter jets. Despite this, the YAF continues to launch ballistic and cruise missiles and drones, while continuing to down US MQ-9 advanced drones – each carrying a price tag of $30 million.

Pentagon officials acknowledge that while some of the Yemeni leadership and military sites have been targeted, Yemen retains significant weapons stockpiles and fortified bunkers.

“In closed briefings in recent days, Pentagon officials have acknowledged that there has been only limited success in destroying the Houthis’ vast, largely underground arsenal of missiles, drones and launchers,” anonymous congressional aides and officials told NYT last week.

However, the campaign has taken a heavy toll on civilians. (Source.)

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This article was written by Human Superior Intelligence (HSI)

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