re: Oil Prices Top $100 a barrel

All the people in here bitching but not one of you bought oil futures knowing we were gearing up to get rid of khamenei?

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wonder if Kamala was in charge caused this conflict with Iran, would the people in the right who are supporting it right now still support it.

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I said the same thing on the political board and got download voted to hell, but you and I both know the answer

That’s why I hate politics. It’s such a double standard.

Imagine a president that said over 100 times that he will be the president of peace and end wars including ending the Ukraine war in 24 hours

They would be crucifying Biden or Harris

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Not in my 401k

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What's the problem?

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stay away from the diesel for the next little bit

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I got close to 40MPG doing 94mph (2022 speed governor limit on a 250). Not a problem.

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Cut out your daily Monster and honeybun at the gas station, you've made up the difference.
Not in my 401k

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Yes, because stocks only go down. They never recover.

Also, dollar cost averaging is for chumps.

This is going to be a major problem for Trump and his administration. And there is no easy off ramp.

Below is a long but detailed info by a guy named Calvin Frodge. He’s a shipping trader and understands the industry.

“If Trump is going to individually escort tankers through the strait, you're talking about an enormously expensive operation which requires many ships as well as tight air support

Even a single inexpensive aerial or naval drone can cause extensive damage to a tanker worth tens or hundreds of millions of dollars. Protecting these ships requires overkill. The Houthis during the Red Sea conflict were able to dramatically reduce the number of ships sailing through. Unlike the Red Sea conflict, where ships could take the longer route around the South Africa, there are few other paths to exporting oil and petrochemical products from the Persian Gulf.

The US Navy and Air Force attempted to suppress Houthi interference in Red Sea shipping. In the several years that the Red Sea has been partially blocked, throughput has remained at less than half of pre-conflict levels, with many episodes where throughput dropped to near zero. The houthis were able to score direct hits on many ships. US soldiers and assets were also lost. And this was not against Iran, this was against the Houthis, who do not have the indigenous weapons platform production that Iran has. The Houthis were completely dependent on their pre-conflict storage of weapons and whatever Iran could smuggle to them. And yet, even this faction in one of the poorest countries on earth was able to dramatically impact global maritime flows.

The setup with Iran is exponentially more dangerous. Iran doesn't simply need to attack tankers. And the United States doesn't just need to protect tankers. The United States has to protect all of the upstream energy producing assets that fill those tankers as well. They need to protect the pipelines, the refineries, the petrochemical plants, the storage tanks. And these assets need not only be attacked by drones and missiles. They are easily sabotaged with even a simple wrench. A hand grenade or shoulder-fired weapon at close proximity in exactly the right location can take out an entire oil refinery. Not to mention much more vulnerable assets such as gas production. Thousands of miles of desert pipelines can be sabotaged with a tool as simple as a drill, obtainable from any hardware store.

The cost of protecting each cargo coming out of the Persian Gulf may exceed the total value of the cargo. Not to mention that it puts US ships directly within close proximity of Iranian weapons that can destroy them. The US largely abandoned this escort strategy during the Red Sea conflict. In fact, an entire coalition of US and European naval forces along with Gulf States attempted this against the houthis. The campaign was an utter failure and the ultimate conclusion from US military leadership was that it was much better risk reward to focus on suppressing strike capability. Yet after months of airstrikes Red Sea traffic never fully returned. Attacks continued.

The Trump administration has expressed its intent in not only protecting these cargos but also in artificially manipulating their prices lower. Trump is working against the laws of physics, sound military doctrine, and fundamental economics.

This entire adventure was poorly thought out and calls the entire Islamic world to jihad against America. Trump's attempts to protect the Persian Gulf will result in failure.”

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You want trans out the army, elimination of DEI, and illegals kicked out. It came with a price.

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Shouldn't this read:
"If you want trans in the Army, DEI, and illegals it comes with a price!

Paid 3.99 for diesel last Thursday, then went on a road trip, it was 5.40 Friday and Saturday.

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Paid 3.99 for diesel last Thursday, then went on a road trip, it was 5.40 Friday and Saturday.

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Can confirm diesel was running over 5 dollars in Mississippi at Loves near Gulfport, but I get back to Louisiana and it is around 4.20.

I wonder if something else is triggering price increases not tied to Iran. A refinery outage, disruption in oil pipelines.