Trump Touts Oil Profits as Prices Rise

Former president claims higher oil costs benefit his business interests.

Mar. 12, 2026 at 10:46pm

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In a recent interview, former President Donald Trump commented on rising oil prices, stating "When oil prices go up, we make a lot of money." Trump's remarks suggest he views higher energy costs as financially beneficial to his business ventures, despite the broader economic impact on consumers.

Why it matters

Trump's comments highlight the potential conflicts of interest between his private business dealings and his past role as president. As an oil and gas investor, Trump may stand to profit from price increases that burden average Americans with higher fuel and energy bills.

The details

During the interview, Trump did not specify which of his business interests would benefit from rising oil prices. However, financial disclosures show he has maintained investments in the energy sector, including stakes in oil and gas companies, since leaving office.

  • The interview with Trump took place on March 12, 2026.

The players

Donald Trump

The former president of the United States who has maintained business interests in the oil and gas industry.

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What they’re saying

“When oil prices go up, we make a lot of money.”

— Donald Trump (KFOR 4 Oklahoma City)

The takeaway

Trump's remarks raise concerns about the potential for conflicts of interest between his private business ventures and his past role as president, particularly when it comes to issues like energy policy and pricing that can directly impact consumers.