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Started By
Message
re: Oil Market Braces for Unprecedented 'Super Glut' in 2026, Prices Poised to Plummet
Posted on 12/9/25 at 1:20 pm to ragincajun03
Posted on 12/9/25 at 1:20 pm to ragincajun03
quote:
Would that be too much work for our politicians who decried the low levels of the SPR the last couple of years?
Yes. Because they would have to raise taxes to refill the SPR.
Pelosi wasn't going to use tax dollars to fill the SPR just so it could be sold off to fund pet projects. The trend is to fund pet and social projects "with no new taxes" by forcing the sale of SPR barrels down the road.
0
Posted on 12/9/25 at 1:33 pm to ragincajun03
quote:
While consumers may cheer lower pump prices, oil-dependent nations
Like Saddam wanting to take Kuwait's oil fields to stop pumping oil so prices would increase and they could pay off war debts.
Posted on 12/9/25 at 1:36 pm to LemmyLives
You need to pay so you can’t send your kids to their increasingly poor performing schools
Posted on 12/9/25 at 1:36 pm to ragincajun03
No one knows what the O&G industry will do year to year. Been at it for 27 years. Never have I seem it predicable yet.
Posted on 12/9/25 at 1:36 pm to moon
quote:
Gee, no one saw this coming
We could go back to $5/ gallon we had under Biden.
Do oil field baws get free gas? Oh no that's right, you pay the inflated price on everything too that is caused by high oil prices.
Posted on 12/9/25 at 1:38 pm to ragincajun03
I am shocked
Posted on 12/9/25 at 1:40 pm to ragincajun03
I voted for this.
Posted on 12/9/25 at 1:42 pm to onelochevy
quote:
Tommy's wife is gonna be pissed when they have to downsize.
She ain’t gonna downsize dem tittays doe.
Posted on 12/9/25 at 1:47 pm to ragincajun03
Im torn about this; hopefully it screws OPEC the hardest, and we use our own oil and sell the rest.
Posted on 12/9/25 at 1:56 pm to ragincajun03
Gasoline will still cost five dollars a gallon in California.
Posted on 12/9/25 at 2:01 pm to N2cars
quote:
and we use our own oil and sell the rest
Not how this works.
Even if we were to snap our fingers and automatically refine every barrel we produce domestically, it won’t be enough for what we consume domestically. So there’d be no “rest” to sell.
Posted on 12/9/25 at 2:02 pm to ragincajun03
I'm retired out of that shite. Next season of Landman will be tough.
Posted on 12/9/25 at 2:05 pm to ragincajun03
quote:
Yep. My home value went up even with the COVID shutdowns, layoffs, restaurants going out of business and gasoline plummeting.
Everyone’s home values went up during Covid due to 2.5% interest rates.
Posted on 12/9/25 at 2:19 pm to ragincajun03
But but but…. Drill baby drill!
Posted on 12/9/25 at 2:21 pm to dgnx6
quote:you can buy more 3 buck a gallon of gas with a paycheck versus 1.95 gas with no job.
Do oil field baws get free gas? Oh no that's right, you pay the inflated price on everything too that is caused by high oil prices.
We don’t need 40 buck oil.
I buy about 8000 gallons of diesel a month. They will find a way to keep it 3 bucks.
Posted on 12/9/25 at 2:35 pm to ragincajun03
So truck nut sales are about to go down? Hope all the O/G baws have saved enough to be able to ride out the down turn.
Posted on 12/9/25 at 2:43 pm to ragincajun03
World peace
Cheap gas
Mean tweets!
Cheap gas
Mean tweets!
Posted on 12/9/25 at 2:55 pm to ragincajun03
quote:
quote:
Houston-based prosecutors are investigating Fort Bend County Tax Assessor-Collector Carmen Turner over allegations she used county money to pay two caretakers for her mother.
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