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Oil Just Hit a 7yr High
Posted on 1/18/22 at 1:39 pm
Posted on 1/18/22 at 1:39 pm
Thanks pudding Joe!!!
Posted on 1/18/22 at 1:44 pm to Lsut81
This post was edited on 1/18/22 at 1:46 pm
Posted on 1/18/22 at 1:46 pm to Lsut81
Don't worry baws, they will put price controls on the gas soon.
Posted on 1/18/22 at 1:49 pm to mtntiger
quote:
Let's go Brandon!!!!
Worse than Carter
Posted on 1/18/22 at 1:50 pm to Chazreinhold
Why are old fat ugly liberal women so engaged politically?
Posted on 1/18/22 at 2:38 pm to Strannix
quote:
Why are old fat ugly liberal women so engaged politically?
They have led long and miserable lives. Misery loves company so they are just doing what other old miserable hags are doing.
Posted on 1/18/22 at 2:42 pm to Lsut81
Inflation and High Crude prices are Great for you!!
Posted on 1/18/22 at 2:43 pm to Lsut81
quote:
Oil Just Hit a 7yr High
quote:
Thanks pudding Joe!!!
Do you baws realize crude oil is a global commodity that is traded outside of the United States?
Posted on 1/18/22 at 2:47 pm to hubertcumberdale
quote:Do you realize that the anti-oil industry stance held and enacted by the current administration has had an impact on production and oil prices within the United States?
Do you baws realize crude oil is a global commodity that is traded outside of the United States?
Yes, there are multiple factors, but Biden is not helping the situation at all.
This post was edited on 1/18/22 at 2:48 pm
Posted on 1/18/22 at 2:48 pm to hubertcumberdale
quote:
Do you baws realize crude oil is a global commodity that is traded outside of the United States?
Some of us do. That's not to say that some of Biden/Dem policies aren't adding to the upward rise.
Speaking from a pure economic/market angle, but has happened over the past two weeks to cause such a big jump in a short amount of time?
Posted on 1/18/22 at 2:49 pm to hubertcumberdale
quote:
Do you baws realize crude oil is a global commodity that is traded outside of the United States?
Do you realize until Joe took office that the US was the largest oil producer in the world, which impacted the price of Crude
Posted on 1/18/22 at 2:54 pm to Lsut81
quote:
Thanks pudding Joe!!!
It's ok, we don't count volatile oil costs into our CPI as we don't count automobile prices, home prices, rent, property taxes, etc. Wild Tchoupitoulas said his/her monthly expenses are nearly the same in 2021 as 2020......what a dupe.
Posted on 1/18/22 at 2:54 pm to Lsut81
quote:
Do you realize until Joe took office that the US was the largest oil producer in the world, which impacted the price of Crude
Do you realize US oil production has yet to recover from Trumps lockdowns? Have you heard of supply and demand before?
Posted on 1/18/22 at 2:57 pm to Lsut81
One frustrating part about the oil market is that when all the speculators think it's going to go higher, they actually make it go high with their trades. It's a self fulfilling prophecy. I don't have the answer, just bitching.
Posted on 1/18/22 at 2:57 pm to notiger1997
quote:
Speaking from a pure economic/market angle, but has happened over the past two weeks to cause such a big jump in a short amount of time?
Well just looking at the weekly inventory the US had a 4.6mm bbl draw last week bringing the commercial stockpile down to 413.3mm bbls, down 68.9mm bbls from the same time last year when commercial stockpiles were 482.2mm bbls
U.S. Petroleum Balance Sheet, Week Ending 1/7/2022
ETA: Also appears some oil tankers were attacked in the Middle East
Oil prices hit seven-year high after attack
This post was edited on 1/18/22 at 3:00 pm
Posted on 1/18/22 at 3:03 pm to Lsut81
I thought you baws would like that.
Truck Nuts (( Ordered )) Not Ordered
Truck Nuts (( Ordered )) Not Ordered
Posted on 1/18/22 at 3:24 pm to Lsut81
Rig rates are going up. Transocean stock might finally be a buy !
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