Anonymous wrote:
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 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 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.
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 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?