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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]When oil price goes up it's very hard to bring it down. Even when things go back to normal don't expect the lower prices we have been seeing. The players in this business are extremely greedy. This will worsen inflation if you add the effects of tariffs which are still to come.

I hate being gloomy. I am a very optimistic person and I want to stay this way. But I don't want to be delusional either.

People also need to understand that the policy choice of this administration was to supercharge the economy in the short term while ignoring debt. Unfortunately the economy failed to take off like a rocket engine. Yes it probably took of like a Toyota Supra perhaps. In my opinion this is the most catastrophic scenario. We did everything to supercharge and juice up the economy. We took off all guardrails, regulations you name it. And what do we have to show for? If this is the best the economy can give us under this juice up stimulus we are royalty f**d[/quote]

Oil prices are INCREDIBLY volatile! They go up/down all the time so you lost me at the first sentence.[/quote]

PP here. You are correct. I should have framed it better. Basically what I wanted to say was that OPEC will be incentivized to keep prices high by not increasing output as much as Asia and Europe may need once the conflict is over. And China has about 12 months of reserves but India has only 2 months. [/quote]

OPEC has much less pricing power now than they did 20 years ago, mostly because of the much higher production in North America. The US now produces twice as much oil as Saudi Arabia annually.[/quote]

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