It is ridiculous. That crude oil is up 78% year today.
It is ridiculous. That crude oil is up 78% year today.
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Posted by Massive_Bit_6290
15 Comments
notreallydeep on
Why is it ridiculous?
I’d think it’s reasonable considering there’s war in the Middle East 🤔
FFElite93 on
Member liberation day?
shaferman on
Know the funny thing? Oil is still very undervalued relative to most assets.
Oil just went from ridiculously cheap, to very cheap this YT so far.
AdApprehensive1140 on
It’s 100% Trump’s fault but people don’t care.
Christs_Hairy_Bottom on
What is insane is that oil was in the 50s in the first place
NoOneMan79 on
Its ridiculous that oil was higher a week ago before the performative JD Vance negotiating show, and we are a week further behind in deliveries. All of this is detached from reality.
Sanpaku on
OP, did you live through the oil crises of the 1970s? Those came about from 3% supply shocks.
This oil price is temporarily suppressed by the concerted action of the G7 releasing strategic reserves. I think the natural price for a 10-20% supply shock is north of 150.
Hilbert_Space_Heater on
What’s ridiculous is how low it is given everything that is going on
Hilbert_Space_Heater on
What’s ridiculous is how low it is given everything that is going on
MatterFickle3184 on
Wait til summer prices!
kingcakeaholic on
Yet still underpriced.
Birdman330 on
Yeah but DID YOU EVEN SAY THANK YOU
75w90 on
Its not high enoufh
Consistent_Panda5891 on
And markets 2% ATH, with inflation skyrocketing and helium supply disrupted in asia. It is impressive governments hard-trying to show “everything is fine” to avoid the collapse despite in Europe flights are gone of kerosene
logicalpiranha on
It’s ridiculous that oil isn’t at $150 right now as soon as the US blockade was put in place. Not sure where this blind faith the market has in a quick resolution is coming from.
15 Comments
Why is it ridiculous?
I’d think it’s reasonable considering there’s war in the Middle East 🤔
Member liberation day?
Know the funny thing? Oil is still very undervalued relative to most assets.
Oil just went from ridiculously cheap, to very cheap this YT so far.
It’s 100% Trump’s fault but people don’t care.
What is insane is that oil was in the 50s in the first place
Its ridiculous that oil was higher a week ago before the performative JD Vance negotiating show, and we are a week further behind in deliveries. All of this is detached from reality.
OP, did you live through the oil crises of the 1970s? Those came about from 3% supply shocks.
This oil price is temporarily suppressed by the concerted action of the G7 releasing strategic reserves. I think the natural price for a 10-20% supply shock is north of 150.
What’s ridiculous is how low it is given everything that is going on
What’s ridiculous is how low it is given everything that is going on
Wait til summer prices!
Yet still underpriced.
Yeah but DID YOU EVEN SAY THANK YOU
Its not high enoufh
And markets 2% ATH, with inflation skyrocketing and helium supply disrupted in asia. It is impressive governments hard-trying to show “everything is fine” to avoid the collapse despite in Europe flights are gone of kerosene
It’s ridiculous that oil isn’t at $150 right now as soon as the US blockade was put in place. Not sure where this blind faith the market has in a quick resolution is coming from.