- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Crude oil up nearly 6%
Posted on 6/12/25 at 9:42 pm to fightin tigers
Posted on 6/12/25 at 9:42 pm to fightin tigers
quote:
Why bring up gas prices?
Probably to drum up interest from common folk who think gas prices are what you pay at the pump to fill up your car. How silly!
This post was edited on 6/12/25 at 9:43 pm
1
Posted on 6/12/25 at 9:45 pm to TigersHuskers
Conspiracy theory.
Saudi invested billions in exchange for Trump taking the reins off Israel to attack Iran. Thus driving up energy prices so Saudi can turn a profit again to fund their Vision 2030 nonsense
Saudi invested billions in exchange for Trump taking the reins off Israel to attack Iran. Thus driving up energy prices so Saudi can turn a profit again to fund their Vision 2030 nonsense
Posted on 6/12/25 at 9:48 pm to Lou Pai
War in the middle East.
Americans start driving more!!!
Iran is almost irrelevant now on the oil scene. Russia is decaying. The houthi have fricked the middle east market and everyone built around them.
IF they can keep peace then $60 oil is threatening. They just proved they cant. $80 is the cap unless the US market imploded....which was close.
If you want an conspiracy theory
Americans start driving more!!!
Iran is almost irrelevant now on the oil scene. Russia is decaying. The houthi have fricked the middle east market and everyone built around them.
IF they can keep peace then $60 oil is threatening. They just proved they cant. $80 is the cap unless the US market imploded....which was close.
If you want an conspiracy theory
This post was edited on 6/12/25 at 9:48 pm
Posted on 6/12/25 at 9:53 pm to TigersHuskers
Gas is pretty cheap here. Honestly, not really an expense that I think much about.
I realize it's an input cost, but how much are y'all really spending on it relative to other things that are way more expensive now? Gas is probably about flat with inflation for the past 30 years imo, if not lower.
I realize it's an input cost, but how much are y'all really spending on it relative to other things that are way more expensive now? Gas is probably about flat with inflation for the past 30 years imo, if not lower.
This post was edited on 6/12/25 at 9:54 pm
Posted on 6/12/25 at 10:07 pm to fallguy_1978
quote:
I realize it's an input cost,
It's not just an "input cost"....
The price of energy (nowadays "oil") affects every product on the earth.
If it is mined, processed, transported in bulk, uses fertilizer or plastics, is manufactured, or transported in its precursor or final form, the affect of higher energy costs can be compounded on products by the time they appear in the market.
Posted on 6/12/25 at 10:08 pm to AndyCBR
Right, but is the current price expensive relative to 30 years ago? Not really. It might even be cheaper.
Posted on 6/12/25 at 10:12 pm to fallguy_1978
quote:
Right, but is the current price expensive relative to 30 years ago? Not really. It might even be cheaper.
Cost to produce isnt through.
Gas and oil.
Posted on 6/12/25 at 10:15 pm to fallguy_1978
quote:
Right, but is the current price expensive relative to 30 years ago? Not really. It might even be cheaper.
Of course it is, developments in exploration and production have made it cheaper to produce over time.
But artificial inflation through forces based on war and other non-tangible affects, can make inflation rise.
Where do you think the increased inflation we experienced during the Biden administration came from? Sound energy policy?
Of course not, they reversed every single thing the Trump admin did in 2016-2020 to appease their base.
Posted on 6/12/25 at 10:17 pm to fightin tigers
quote:
Cost to produce isnt through.
Gas and oil.
I'd assume that's all an input into gas prices. It's still right in-line with inflation or lower when I think about the price when I started driving in 1993. Outside of temporary spikes, I could bitch about a million things costing way more now than gas prices.
Posted on 6/12/25 at 10:19 pm to fightin tigers
quote:
Iran is almost irrelevant now on the oil scene.
Isn’t Iran responsible for roughly 4-5% of the world’s oil? Mostly purchased by China. Thats not irrelevant.
Posted on 6/12/25 at 10:20 pm to fallguy_1978
quote:
I could bitch about a million things costing way more now than gas prices.
So the price of a car, the price of car/home insurance, the price of car repairs, the price of building materials, the price of steel and concrete, the price of groceries, the price of appliances, etc. have nothing to do with the price of oil/energy?
You can't be serious?
Posted on 6/12/25 at 10:24 pm to AndyCBR
quote:
So the price of a car, the price of car/home insurance, the price of car repairs, the price of building materials, the price of steel and concrete, the price of groceries, the price of appliances, etc. have nothing to do with the price of oil/energy?
You can't be serious
I acknowledged that gas prices have an input cost, but do I think that's why an XLT 150 8 years ago cost 33k and now it costs 50k? I'd say it's pretty damn close to 0% relevant. Gas was about the same price in 2017 or damn close relative to inflation.
This post was edited on 6/12/25 at 10:26 pm
Posted on 6/12/25 at 10:26 pm to AndyCBR
I think he is saying the price of oil doesn’t affect the prices of everyday items as much as other factors. Given the fact that these prices were much lower when oil was priced similarly years back.
Therefore, oil is not driving these prices higher.
Therefore, oil is not driving these prices higher.
Posted on 6/12/25 at 10:26 pm to fallguy_1978
Posted on 6/12/25 at 10:29 pm to fallguy_1978
quote:
I acknowledged that gas prices have an input cost, but do I think that's why an XLT 150 8 years ago cost 33k and now it costs 50k? I'd say it's pretty damn close to 0% relevant. Gas was about the same price in 2017 or damn close relative to inflation.
So energy costs have no affect on the end user costs of consumer products?
And because a gallon of gas that has varied between $0.88/gal to as much as $4.00/gal over the last 30 years means the cost of energy, in your mind, is constant and doesn't affect consumer prices?
Amazing.
I want to live in your fantasy world.
Posted on 6/12/25 at 10:30 pm to AndyCBR
quote:
So the price of a car, the price of car/home insurance, the price of car repairs, the price of building materials, the price of steel and concrete, the price of groceries, the price of appliances, etc. have nothing to do with the price of oil/energy?
You can't be serious?
Posted on 6/12/25 at 10:34 pm to kciDAtaE
quote:
Isn’t Iran responsible for roughly 4-5% of the world’s oil? Mostly purchased by China. Thats not irrelevant
It is if you consider China is likely just building stockpiles at this point.
I didnt say crude prices wouldn't increase, but there is already a crude glut and that wouldn't really change.
Add in that Israel isnt going after oil assets, at least at this time.
Posted on 6/12/25 at 10:35 pm to TigersHuskers
Goes up immediately. Takes months to go down.
Posted on 6/12/25 at 10:35 pm to MrLSU
quote:
China and Russia are crying right now
Why?
Posted on 6/12/25 at 10:36 pm to fightin tigers
None of what you just proposed suggests Iran’s oil production is irrelevant as you originally stated.
Page 2 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News