Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Political Discussion
Reply to "$7/gallon gas is coming"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]The victory laps are a bit premature. Oil prices are collapsing not because additional supply has been brought online. Oil markets are very funky right now. Markets are observing lower demand (leading indicator of recession), and Russia seems to have rushed all the supply it possibly could ahead of the EU price cap (not sustainable). To the upside of prices, China seems to be serious about reopening which may add significant global incremental demand. Oil is still in structural deficit, and the nature of oil production means the problem will get worse absent: replacement of oil as an energy source and more investment in developing reserves. Many pages back I said that the SPR play was putting the problem off into late 2023 and into 2024. I felt like the admin was putting the 2024 election in play in order to try to win the 2022 midterms. I know this inidstry and I stand behind that assessment. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
