Nations agree to release 60M barrels of oil amid Russian war
https://www.ksat.com/business/2022/0...-oil-amid-war/
that's about 12 hours
There's a supply constraint
World: What can we do to lower prices and keep demand high?
More R & D into alternative sources of energy for big oil companies.
Big thing right now is H2 gas production and storage.
Some companies are ahead of others but most are putting their hat in.
Lets get on with it. Use green energy to produce the gas by electrolysis of water. Burn it for energy and the bi product is water.
Whatabout 2050 ain't gonna help now
Still need to go higher... $160 is a good price to settle...
Just might get there
6.7M bbl draw today vs expected 2.7M build and demand season is coming quick...crazy
Summer always ramps up... then it'll go back down...
Joe waiting on Iran deal to get inked
He's winning the hearts of Iranians, tbhJoe waiting on Iran deal to get inked
Berkshire Hathaway has purchased nearly 30 million shares of Occidental Petroleum since the end of 2021
Warren Buffet good now tbh
You should have bought the commuter bus coupons when we told you.
Now look at you, all high and mighty discussing Warren Buffet but having walking to work, smh.
Most expensive gas in the U.S.
California continues to shatter its record of highest gas prices and the most expensive gas prices in the country, averaging $5.28 per gallon in the Golden State. California is the only state with an average cost over $5.
In Mono County, which borders Nevada and home of popular tourist destination Mammoth Mountain, the average prices of gas is $5.95. But other places are seeing higher cost; KABC reported a station in Los Angeles had prices at $6.99 per gallon. The cheapest average cost of gas is in Missouri and Oklahoma at $3.60.
Here are the most expensive average costs of gas per gallon in the county, per AAA:
California ($5.28)
Hawaii ($4.69)
Nevada ($4.52)
Oregon ($4.46)
Washington ($4.40)
Alaska ($4.36)
Illinois ($4.26)
Connecticut ($4.21)
New York ($4.20)
Pennsylvania ($4.17)
https://www.usatoday.com/story/money...on/9402743002/
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This is why they should've set the price at $7 a gallon a while back like I said, tbh... this wouldn't be weekly news. Amateur hour, tbh...
Plus for Californians it's a drop in the bucket, and who cares about Missouri and Oklahoma since you're never getting their vote anyways...
$129 atm
I hope you get your wish
Oil Prices Jump as U.S. Discusses Russian Import Ban
The cost of Brent crude, the international benchmark, rose about 10 percent on Sunday, reaching $130 a barrel.
https://www.nytimes.com/2022/03/06/b...a-ukraine.html
What about science-technology takes time and just because you will be dead you cry?
Solar and wind are way ahead of coal now in Texas snake.
I know this was a big blow to your Vaseline dreams.
You want more losing, you got it.
Last edited by pgardn; 03-06-2022 at 08:10 PM.
It’s all about the Economy I don’t care who is in powers when Economy is doing ty that party know they going to be voted out.
Agreed. Seeing the economy is doing great, the only question I have is whether it's going to be Old Joe or Kamala fixing the economic mess Dennison left them.
It was always going to peak in the summer... it always does.
Wall of Shamer doing Wall of Shame things
It's like the 3rd time he's done it
Wall of Shamer doing Wall of Shame things
OPEC+ will discuss production cuts tomorrow
https://thehill.com/policy/finance/3...d-of-midterms/“This is probably a little bit of payback,” Phil Flynn, an analyst with the Price Futures Group, said in an interview. “The Biden administration early on was saying they were going to use their strategic reserve to teach OPEC a lesson. Back in November they called out OPEC to raise production and OPEC didn’t see it that way. And so the Biden administration released oil from the reserve to try to cool down gasoline prices.”
“But the strategic reserve isn’t big enough to control prices for an extended period of time,” Flynn said. “And even though it might have had some influence on prices for a little while, now you could see prices getting up higher than they would have been, because there wasn’t a production response from the oil companies. Now OPEC has more control over the market.”
$8 gas soon
"drill, baby, drill"
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