As of right now As I said elsewhere, Qatar (found it) Minister says $150/barrel possible. https://www.marketwatch.com/story/o...lt-to-energy-shipments-ffd3f8f9?mod=home_lead And Trump is refusing to tap the emergency reserves. Because?
Obviously, it's because Biden left it empty. Same as how Biden gave Ukraine all of the military materiel we're now running short of. What other answer could there be?
It's too limited. If this thing does drag on for weeks or months, we'd have used it all for a temporary benefit and then be back in the same boat with no reserves. And oil would be even more expensive because the traders will price in the fact that we have no more control over prices and will eventually have to buy that oil back.
As I said in another thread: If this thing goes for a while, $150 isn't enough either. Also, Middle East oil production isn't designed for extended stoppages. They don't have a lot of storage. WSJ is reporting that Kuwait and Saudi Arabia have already slowed production. That's not a good thing, as it takes a while to get a field producing at the same rate once you restart, and you have a chance of permanently damaging the field, reducing the total amount of oil you extract from it.
As someone who is back on the job hunt again, I can at least laugh in a this would be funny if it wasn't so typical.
Journalism today. From this short article ; "President Trump launched a series of efforts this week to staunch spiking gas prices following his decision to attack Iran.." "US presidents have limited power to sway the global price of oil, but they tend to bear the blame for rising prices at the pump"
What the ********!?!?!? Yes, American presidents have limited power. The main way American presidents can sway the price of oil is starting a war in the Middle East!!!!! Seems like that might be worth mentioning. Jesus Christ.
That's still really cheap. I would currently pay about $8.25 per gallon at the cheapest gas station over here. Maybe stop buying gigantic gas guzzlers.
it was out of my control. Headcount reduction. And from the sounds of things they aren’t exactly great.
Sorry man. My RIF was early November. From what I hear, outside is the better option, aside from the whole paycheck thing. Break a leg!
And with Trump's announcement, Dow up 0.5% and NASDAQ up 1.38% A lot of that was in the last 30 to 45 minutes.
The money these chuckle-fvcks are able to make on these shorts and longs ad infinitum is mind-boggling.
It's hard to tell how the attack on Iran will play out with voters. If in the short term there appears to be success, it might even help Trump. Still, your statement may very well end up being right. It's sad to me that inflation and the price of gas may be better arguments for Democrats against Trump's actions than the photos and videos of places like schools being bombed. But that's human nature, and not just in the US. Human beings will respond to financial hardship arguments better than to moral arguments. But hey, I'll take whatever argument it takes to help stop this madness.
“The common people pray for rain, healthy children, and a summer that never ends. It is no matter to them if the high lords play their game of thrones, so long as they are left in peace. They never are.” Jorah Mormont
Mine will be in mid-September. I was actually surprised this administration didn't claw back the $$ from the BIL/IRA funding or get DOGE'd. The Biden administration realized what Trump was going to do and pushed a lot of $$ forward. Other projects weren't so lucky. The other side of that coin is other entities (state agencies, contracting companies, NGOs, farmers who prepaid, etc) were left with holding up their end of the partnership while the Trump admin left them high and dry.