Trump-Regierung kündigt 20-Milliarden-Dollar-Rückversicherungsprogramm für Öltanker während des Iran-Krieges an

…Trump isnt going to pay out any insurance claims.. lmao… at this point he is just making sh*t up to calm the markets.

(remember just yesterday trump claimed Iran was secretely begging him to end the war..turns out that was also a lie.)

At any rate, insurance is a ~~mute~~ moot point;

>Insurance is not the main problem for ship owners right now, said Matt Wright, senior freight analyst at consulting firm Kpler. Tanker are not moving through the Strait because they are worried about their physical security, Wright said. (source: the OP article)

So this is like saying if you get attacked and killed, we’ll make sure your employer gets repaid for what they lost?

Wow, this country is unable to get health care for his population but will spend billions on pointless war. And seriously, Trump is famous for not paying his bills… He’s freaking out cause he realize he mess up with the world economy and it will hurt at home. And honestly, if you are a member of a boat crew, would you feel good to be insured in case they blow up your ship? Trump is crazy.

>The U.S. International Development Finance Corporation will insure losses up to $20 billion on a rolling basis. The DFC and Treasury Department said they are closely cooperating with U.S. Central Command to implement the plan.

>“**We are confident** that our reinsurance plan will get oil, gasoline, LNG, jet fuel, and fertilizer through the Strait of Hormuz and flowing again to the world,” DFC CEO Ben Black said in a statement.

20 billion dollars?

A average oil tanker is between 80-120 million. Plus 120 million worth of oil. Plus crew. Lets say an average cost of 250 million.

That 20 billion dollars is good for maybe 80 tankers.

Reinsurance is a scam, full stop.

“Safety”

A suezmax tanker that was filled with a million barrels at $74 has gained $18 million in value.  

Free money to sit it out.  

Ships filled with cheap oil have an incentive to wait and let the prices go up.  Empty ships have an incentive to wait and not fill up with expensive oil.  

Since we’re all about the constitution, when exactly did congress pass this?

Sure, one Exxon Valdez a day is no problem if it’s insured

$40 billion to Argentina, $10 billion to himself (freedom board or whatever), $20 billion for oil insurance, hundreds of billions for ICE…

Nothing for healthcare, food or living assistance, etc etc etc

Man if the democrats can’t turn this into a supermajority then don’t know.

They have to find a way to motivate voter apathy, they need a good message.

This administration will leave you jobless, sick, broke or dead.

Insurance doesn’t stop drones.

What is that, an insurance program for ants?

The Navy would have to start doing convoys if they want tankers moving

Rich people can get their money back if the crews and boats sink to the bottom of the strait, is what I’m understanding, and that is somehow a good development

These same dudes killed all our soft power initiatives & dismantled much of our government claiming to be all about being efficient with the money, taking people’s health care away, taking food stamps, taking housing assistance money, etc.etc.etc. but always got some bucks for the richest companies and individuals so that even if their workers die in this war we are supposed to not call a war, the important money is safe.

Everyone knows Trumps‘ word is as good as toilet paper. Good luck to anyone pursuing a claim after their tanker is blown up by Iranian ships.

How much of that 20 billion is he or his family getting?

Them tankers are still going to say out of Hormuz. Ship insurance isn’t going to mean shit if the crew is killed.

To put that in perspective, that’s enough to pay for multiple years of the Biden student loan forgiveness program that Trumpanzees spent a year screaming about. We CaNt AfFoRd It. 

And this money is all being spent on random foreigners. None of these tankers are US owned 🤡. Not a cent of this money will make it to American working class. 

Who would buy insurance from trump? , I would trust my dog more than trump to get insurance…

Story I read said he was about 200B short on covering insurance…

Where the hell is the money coming from.

Congress is suppose to approval spending. You know, congress might as well disband at this point until the mid terms since they have ceded all of their responsibilities to the President anyway.

There’s always money for everybody else except Americans. America last! 🫡