Gas prices [ADMIN WARNING: NO POLITICS]

[smurfslayer]

My overarching point here: The US has oil, in bulk, with no impact to its production and can supply the US market uninterrupted.

This is simple panic buying, trading and selling when boiled down. There are a lot of parallels, but like I said, I'm literally surrounded by oil. These guys are sitting pretty, "making hay while the sun is shining."

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[AZ_Ryan]

My overarching point here: The US has oil, in bulk, with no impact to its production and can supply the US market uninterrupted.

This is simple panic buying, trading and selling when boiled down. There are a lot of parallels, but like I said, I'm literally surrounded by oil. These guys are sitting pretty, "making hay while the sun is shining."

No one is saying US oil production is being effected. Im not sure why you keep saying that. What's happening here is the simple process of supply and demand in the GLOBAL market. 20% of the world's oil and gas production is being disrupted which has brough the price of oil to over $100 a barrel. You being surrounded by oil people clearly isnt impacting your understanding of global oil economics.

Its like throwing a bowling ball in a swimming pool, and your blaming the waters reaction for making the waves instead of the bowling ball.

 

[Zig]

It is a global commodity with a global price so everybody will see the same end result. It is (like all commodities including gold, silver etc a confidence market. Oil prices are rising because of uncertainty about future supplies especially to parts of the world supplied via the Straits of Hormuz are what is driving the price up - no surprise at all really.

It’s the index not the supply that reflects the uncertainty

 

[smurfslayer]

Surprisingly, this report from CBS has a pretty good explanation:


What hasn't increased in response to the shortage?

 

[Zig]

What hasn't increased in response to the shortage?

Not a big deal, got a tariff in the pocket.

 

[Gregs24]

Surprisingly, this report from CBS has a pretty good explanation:


What hasn't increased in response to the shortage?

Nothing surprising in there.

If you mean production hasn't increased - well the oil that should be coming through Hormuz now is 6 to 8 weeks from arrival/ consumption in countries not supplied by the US. The country that could increase production to supply those countries is Russia via pipelines.

Again, financially supporting Russia, a country supplying Iran with information on US targets. Iran a country closely aligned with Russia supplying Russia with drones to fire at Ukraine. Ukraine offering help to the US and other countries with anti-drone technology to defend against Iran that is being supported by Russia which is being supported by the US by relaxing oil sanctions.

It is a complex geopolitical web and some people should have thought a little better of consequences before starting something. This will take a lot of unravelling.

 

[Zig]

Nothing surprising in there.

If you mean production hasn't increased - well the oil that should be coming through Hormuz now is 6 to 8 weeks from arrival/ consumption in countries not supplied by the US. The country that could increase production to supply those countries is Russia via pipelines.

Again, financially supporting Russia, a country supplying Iran with information on US targets. Iran a country closely aligned with Russia supplying Russia with drones to fire at Ukraine. Ukraine offering help to the US and other countries with anti-drone technology to defend against Iran that is being supported by Russia which is being supported by the US by relaxing oil sanctions.

It is a complex geopolitical web and some people should have thought a little better of consequences before starting something. This will take a lot of unravelling.

some people should have thought a little better of consequences before starting something

How far back should we go? Persia?

 

[AZ_Ryan]

How far back should we go? Persia?

Just 3 weeks would suffice.

 

[Zig]

Just 3 weeks would suffice.

How long does radioactive material take to decay?

 

[AZ_Ryan]

How long does radioactive material take to decay?

Wtf are you talking about?

 

[Zig]

Wtf are you talking about?

How much uranium does it take to validate rhetoric ?

 

[smurfslayer]

If you mean production hasn't increased - well the oil that should be coming through Hormuz now is 6 to 8 weeks from arrival/ consumption in countries not supplied by the US. The country that could increase production to supply those countries is Russia via pipelines.

Not talking about countries that use the metric system and I'm trying to avoid the 'complex geopolitical' implications here. This was already being worked on before Iran
https://www.msn.com/en-us/money/mar...l-transport-after-emergency-order/ar-AA1YJEl5

but now it's going active.
Hopefully more gets done. It should have gotten done much sooner and the administration is not completely responsible for the US price increases seen since Iran- though they got that ball rolling.

 

[AZ_Ryan]

How much uranium does it take to validate rhetoric ?

If you referring to the uranium enrichment program that was "completely and totally obliterated" 8 months ago, I would ask how many lies does it take to invalidate the rhetoric?

Gas prices buddy. Stay on topic.

 

[Zig]

If you referring to the uranium enrichment program that was "completely and totally obliterated" 8 months ago, I would ask how many lies does it take invalidate the rhetoric?

Gas prices buddy. Stay on topic.

I guess it depends which ones you believe. The ones that say nothing to see or the ones that say you shall not be?

 

[Cz_Ziemniak]

Ecoboost owners are probably feeling rather smug right now

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