Oil Prices Surge Above $100 a Barrel for the First Time in Almost Four Years

[Anonymous]

Anonymous wrote:My MAGA buddy said that Iran war will have no impact on us here in the usa

So much winning!

[Anonymous]

The markets will be interesting today, so far:

After the sharp fall of the ASX 200 in Sydney, leading stock markets across Asia are also under significant pressure this morning. Japan’s Nikkei 225 is down 6.1%. South Korea’s Kospi is down 6%.

[Anonymous]

Anonymous wrote:My MAGA buddy said that Iran war will have no impact on us here in the usa

A friend of mine died in Iraq. I remember when the invasion started very were just 15 and we thought for sure it would be over by the time we turned 18.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It took all of three weeks for oil to go from $60 to $107. And the war has only just started.

Didn't it start the year around $55? Essentially doubled in 2 months? Insane.

Well, there's a war all over the middle east which is preventing oil from getting out plus the destabilizing intervention earlier this year in Venezuela. What did people expect would happen.

Pp here. I got into energy stocks at Christmas because the charts indicated a move to 150 or 200 following a breakout from a 3 year base of consolidation. I thought it was preposterous at the time but... here we are.

Ah yes the classic 3 year base of consolidation. Always precedes a Middle East war.

I realize you're being a d*ck but you can't argue it didn't predict a big move up!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It took all of three weeks for oil to go from $60 to $107. And the war has only just started.

Didn't it start the year around $55? Essentially doubled in 2 months? Insane.

Well, there's a war all over the middle east which is preventing oil from getting out plus the destabilizing intervention earlier this year in Venezuela. What did people expect would happen.

Pp here. I got into energy stocks at Christmas because the charts indicated a move to 150 or 200 following a breakout from a 3 year base of consolidation. I thought it was preposterous at the time but... here we are.

Ah yes the classic 3 year base of consolidation. Always precedes a Middle East war.

I realize you're being a d*ck but you can't argue it didn't predict a big move up!

Actually I was more focused on the 4 year base of consolidation. That has foretold every stock market crash back to Roman times. The 3 year base is very iffy generally.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Sounds like prices aren't coming down any time soon.

https://www.nytimes.com/2026/03/08/business/energy-environment/oil-prices-iran-100-dollars-barrel.html
Oil Prices Surge Above $100 a Barrel for the First Time in Almost Four Years
The jump was a sign of growing concern that the war in the Middle East will take a toll on energy supplies.

Thanks Biden?

Yes, clearly this is Biden's fault, and Obama's. Trump is not to blame in the least, how dare anyone suggest it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I am more concerned about the long term disruptions. I am surprised people don't see what's happening here. Who were the top 2 suppliers of oil to China? Venezuela is an OPEC member. And the US now essentially controls Venezuela's oil market and de facto decides how Venezuela will act at OPEC meetings.

The oil market will never be the same again. It remains to be seen how OPEC members will at with the US now at the table.

China has been smartly pushing its car supply into EVs. Being less dependent on oil isn't just an environmental thing, it protects your economy from supply chain disruptions on a commodity that's been disrupted repeatedly.

And where do they get the electricity to charge the EVs - coal. They don’t care about the environment.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am more concerned about the long term disruptions. I am surprised people don't see what's happening here. Who were the top 2 suppliers of oil to China? Venezuela is an OPEC member. And the US now essentially controls Venezuela's oil market and de facto decides how Venezuela will act at OPEC meetings.

The oil market will never be the same again. It remains to be seen how OPEC members will at with the US now at the table.

China has been smartly pushing its car supply into EVs. Being less dependent on oil isn't just an environmental thing, it protects your economy from supply chain disruptions on a commodity that's been disrupted repeatedly.

And where do they get the electricity to charge the EVs - coal. They don’t care about the environment.

China is going heavily into solar. Last year China installed twice as much solar as the rest of the world combined.