Gas is up

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Iran is not going to let Trump and republicans off the hook. The closure of the strait will go on till after the midterms unless Trump just gives the Iranian everything. I think that will eventually happen but who would trust Trump or the Israelis to live up to their end?

It's quite awful that Americans are in a state of constant civil war so foreign adversaries can ally with one party against another.

Remember when Reagan and the Republicans colluded with foreign terrorists to embarrass Carter domestically?

[Anonymous]

Brent will shoot up': US energy executives warn of massive oil supply crunch
Energy executives say the world is weeks away from oil hitting $150 per barrel, with government and private industry reserves depleted
Executives from the largest US energy companies warned on Thursday that oil prices are likely to spike this summer, as the buffers the US and other western countries used to mitigate the impact of the closure of the Strait of Hormuz run dry.

“We're approaching unheard of inventory levels. I mean, really, really low levels. You can debate whether that's going to hit those really low levels in two weeks or three weeks. Once you get to that point, then you'll see [the] price shoot up,” Neil Chapman, a senior vice president at ExxonMobil, said on Thursday at a conference organised by the investment bank, Bernstein.

“I think dated Brent, most people, well, a model would say dated Brent will shoot up. Once you get to that really low inventory level, up to $150, $160,” he added.

Chevron chief executive Mike Wirth warned at the same event that the “buffers and the shock absorbers” that have kept oil prices in check “are being steadily drawn down”.

https://www.middleeasteye.net/news/brent-will-shoot-us-energy-executives-warn-massive-oil-supply-crunch

It’s coming!

“Over the next few weeks, we’re likely to see those pressures flow through more directly to physical prices, and there’s more upwards pressure that I would expect as we get into June and certainly into July,” he said.

https://www.middleeasteye.net/news/brent-will-shoot-us-energy-executives-warn-massive-oil-supply-crunch

[Anonymous]

[Anonymous]

[Anonymous]

[Anonymous]

WTFFFFFFF

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

The war is likely to end with Iran having complete control over the Strait of Hormuz, and all vessels will be required to pay Iran a large fee to ensure passage. I assume that will keep gas prices high for the foreseeable future. We may never see <$3 per gallon gas ever again.

Yes, Iran is walking away from this significantly strengthened.

Nonsense. Our embargo is working.

Working to buy Trump time to figure out how to not further embarrass himself with Iran.

That's apparently not happening, he Taco'ed again today. Too bad the Pentagon fired all the higher ups who knew what they were doing.

From what I read about this MOU, Iran is getting everything it wants.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

The war is likely to end with Iran having complete control over the Strait of Hormuz, and all vessels will be required to pay Iran a large fee to ensure passage. I assume that will keep gas prices high for the foreseeable future. We may never see <$3 per gallon gas ever again.

Yes, Iran is walking away from this significantly strengthened.

Nonsense. Our embargo is working.

Working to buy Trump time to figure out how to not further embarrass himself with Iran.

That's apparently not happening, he Taco'ed again today. Too bad the Pentagon fired all the higher ups who knew what they were doing.

From what I read about this MOU, Iran is getting everything it wants.

Think of what Iran could get if they wait a month. Right now it is just Trump’s promise of 300 billion in development. Trump’s promises are empty. Think the Iranians have a pretty good read on Trump and his lies. They are moving forward with what they want to do without the US.

[Anonymous]

Anonymous wrote:WTFFFFFFF

Over 265 million gas cars in the US @ $200 for two months. $53 billion in two months. $318 billion in a year if prices stay where they are today.

[Anonymous]

Anonymous wrote:WTFFFFFFF

I drive a lot, and it’s about $80/month extra for me right now.
When I thought about that, I thought i could handle it.
What I need is for grocery prices to go back to where they were at any point prior to today’s prices.

Your point is not lost, and I don’t love any of this.

[Anonymous]

Anonymous wrote:

Anonymous wrote:WTFFFFFFF

I drive a lot, and it’s about $80/month extra for me right now.
When I thought about that, I thought i could handle it.
What I need is for grocery prices to go back to where they were at any point prior to today’s prices.

Your point is not lost, and I don’t love any of this.

Grocery prices are not ever going to fall. The corporations know that we will pay that price now and will never concede that profit.

[Anonymous]

[Anonymous]

Anonymous wrote:

Word is $7.5 a gallon by July 4th!

[Anonymous]

Prices still dropping toward $4, but that might not hold, given the new war belligerancies and the limits of the strategic reserve.

[Anonymous]

Gas is ip. $1.776/gal YTD, on honor of Freedom 250