Let’s talk about a warning on oil prices….

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    20 Comments

    1. Markets are being kept up by the billionaires who want the Democrats to be blamed. They will keep it alive until November, then as soon as the blue wave hits, they'll punish people for defying them by letting the market crash and blame "the socialists"

    2. Help move shift things forward, contact any Republican Senators and Congressmen you might be afflicted with today. Let them know that you exist. Let them know that you vote. Let them know how you would rate their tenure in office thus far. Let them know you are not in favor of another useless war in the Middle-East. Let them know that if they aren't going to do anything, that they should pull an MTG and leave Congress today, and let someone with an ounce dignity, courage and self-respect take their place. Put them in the minority BEFORE election day.

    3. You can't drill out of this. 1) the price of gas is set GLOBALLY not locally. That's why US gas prices have gone up despite the fact that we actually get very little of our oil through the straights. 2) get real. You can't just snap you fingers and there's a new PRODUCING oil well. It takes years to develop a productive oil well and usually there are a lot of non productive wells on the wsy. 3) even if we could stop companies from exploring oil produced here for higher prices abroad it wouldn't help. US refineries can't process the type of oil produced in the US.

    4. Trump's plan for Iran?? I believe it was more of a go in and hope everything works out the same way as in his dreams. Unfortunately, Iran didn't attend his dreams. So here we all are.

    5. I'd argue that we are better placed to deal with an energy shock… but not at all evenly.

      I have an EV and a solar array. Increased energy costs don't impact me directly (yes, yes, everything will get more expensive due to increased shipping costs and inputs. I'm aware). I have a negative power bill. I have no gasoline costs. But my neighbors don't drive EVs. They all think they're stupid at best, evil at worst. Their gas bills are going up. And probably, eventually, their electrical bills. Especially if/when the gulf LNG export ports start coming online.

    6. Waiting for the convergence…. Yes it's coming… And not just for oil. Oil might just be the catalyst. We will have that Golden economy. (Red is a shade of Gold, Right?)

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