By Kevin D. Williamson
Friday, March 13, 2026
“In Africa,” Ernest Hemingway wrote, “a thing is true at
first light and a lie by noon.” And so it goes with the Trump administration’s
illegal war in Iran: In the case of tapping worldwide strategic petroleum
reserves, the administration had the right idea at breakfast—don’t—and the
wrong one sometime around the president’s third Diet Coke of the day.
As one might expect, waging war in a critical chokepoint
in the world’s supply of petroleum—and many other goods—has been disruptive,
with oil prices spiking and consumer gasoline and diesel prices following.
President Donald Trump had at first resisted calls to tap oil reserves in the
United States and the other 31 members of the International Energy Agency, but
then came TACO Wednesday, which follows TACO Tuesday and precedes TACO
Thursday—if it is a day of the week ending in the letter “y,” then you can count
on it: Trump Always Chickens Out. His resolve to hold the line on oil reserves
lasted about as long as his relationship with Stormy Daniels.
Some of you readers will be elderly enough to remember
the first Trump administration, when the president’s response to the emerging
COVID epidemic was framed almost entirely in terms of the stock market, a
decline in which apparently was too terrifying a prospect for the toughest
president in the history of presidential toughness. (Well, the 44th-toughest
maybe, though even that pansy “Fainting Frank” Pierce tried to serve when his country called on him.)
Putting market volatility above ordinary public health concerns led to some
idiotic decision-making in that period.
Joe Biden led his Democrats to an epochal ass-whoopin’
when Americans grew outraged by inflation that, though it was bad enough, was
nowhere near as bad as it was in the 1970s; Trump, who is very much a creature
of the 1970s, surely has thought at least a little bit about Jimmy Carter-era
gasoline rationing, gasoline lines, and high gasoline prices, which caused the
already insufferable gentleman from Georgia to end his presidency reviled and
pitied and scorned. The way the graph lines are moving right now, Trump’s
approval ratings are poised to dip below his BMI more or less presently.
So, the oil taps will be opened. The total 32-country
discharge is significant as a share of the reserves but not very significant as
a share of the oil market, representing less than three weeks of typical oil traffic through the Strait of
Hormuz. That may be enough to quell markets for a hot minute, but it is
unlikely to prove dispositive. Oil traders can do math, and they understand
that stopgap measures do not address the underlying risk or the sources of that
risk. Trump’s character is chaotic, unstable, and erratic, which produces
policies that are chaotic, unstable, and erratic, which, in turn, push world
affairs in a chaotic, unstable, and erratic direction. The United States does
not lack adequate resources for dealing with such a power as Iran or a
challenge such as its mining of the Strait of Hormuz or other attempts by
Tehran to wage economic warfare—the tools are fine, but the workman is a dim,
lazy neurotic who spends his days watching cable television “news” programming
and getting ragey on social media. The Army, Navy, Air Force, and Marines are
all ready, willing, and able to do whatever is asked of them: The problem is
the commander in chief.
Trump also sees himself as commander in chief of the
economy, which is why it is not entirely unfair to describe his fundamental
policy orientation as fascist, corporatism being the ordinary economic
form of fascism. It is not that Trump cares very much about the economy—his
tariff policies should have made that clear enough—but he cares about how the
economy affects the public’s opinion of him, and high gasoline prices are, for
parochial cultural reasons, especially irritating to Americans in a way that
other price increases are not. (No one living has ever heard an American
complaining about high book prices.) The strategy being served by these
strategic reserves is not a national security strategy or even a national
economic strategy—it is a Republican campaign strategy.
Strategic petroleum reserves are intended to be deployed
in genuine emergencies, e.g., for military use if wartime circumstances should
make it difficult to access oil at any price. Moderately high gasoline prices
that displease Yukon XL owners driving to Okie Family Market are not a
national emergency—they are a political inconvenience for Donald Trump. But
Donald Trump treats the U.S. government—and, in this case, U.S. strategic
assets—as his personal property for his personal use: He refers to “my
generals” as though the military were his personal Praetorian Guard, uses ICE
as a personal political goon squad, uses the DOJ as a gang of personal henchmen
and henchwomen, etc.—why not use the power and prestige of the
United States to also treat worldwide petroleum reserves as his personal
property, too? One thing follows from the other.
Trump insists he has a grand plan, which brings us back
to Hemingway: “In Africa a thing is true at first light and a lie by noon and
you have no more respect for it than for the lovely, perfect weed-fringed lake
you see across the sun-baked salt plain. You have walked across that plain in
the morning and you know that no such lake is there. But now it is there,
absolutely true, beautiful and believable.” The problem with Donald Trump and
his followers is that they cannot tell the mirage from the real thing, which
ought to be of some concern when launching a new violent engagement in the
Middle East.
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