Started By
Message

re: Crude oil dropping like a rock $76 / bbl this morning.

Posted on 6/16/26 at 11:43 am to
Posted by ragincajun03
Member since Nov 2007
29449 posts
Posted on 6/16/26 at 11:43 am to
Hoping the wife doesn’t make me sell my truck nuts.
Posted by Sams Crow
Member since Apr 2026
241 posts
Posted on 6/16/26 at 11:58 am to
In the show I think he said $75-83ish.
Posted by TenWheelsForJesus
Member since Jan 2018
11471 posts
Posted on 6/16/26 at 12:47 pm to
quote:

No way you are framing this as a win


I don't need to frame anything to make fun of the panican losers who were so sure we would see $200-300 a barrel and a strong recession.

We try to help all you ridiculous people out by telling you you are just being dramatic, but you guys never listen.

Of course, you won't be able to constantly cry if you learn how to be reasonable, so that will never happen.
Posted by scrooster
Resident Ethicist
Member since Jul 2012
44425 posts
Posted on 6/16/26 at 1:53 pm to
quote:

In the show I think he said $75-83ish.

Then we're already there.

I thought I remembered him saying $65-$75

I'm gonna look it up real quick.
quote:

In the series Landman, the character Tommy Norris identifies $78 per barrel as the perfect "sweet spot" for oil prices.  He defines the ideal range as living above $60 but below $90, a level that provides enough profit for producers to keep exploring without causing consumer pain at the pump.  Norris notes that while the industry still profits at $90, prices reaching $100 force a widespread readjustment of product prices across the American economy, triggering inflation. 

Key Price Thresholds from the Show:

Sweet Spot: $78/barrel (described as "about perfect"). 

Ideal Range: $60–$90/barrel.

Consumer Pain Point: Gas exceeds $3.50/gallon when oil is near $90. 

Economic Danger Zone: Oil hits $100/barrel, causing broad inflation. 

Recession Risk: Analysts cited in the context warn that prices around $120/barrel could trigger a global downturn.

Posted by BTROleMisser
Murica'
Member since Nov 2017
14602 posts
Posted on 6/16/26 at 2:33 pm to
quote:


quote:
No way you are framing this as a win


Why’s this guy always like losing?


"No way you're framing a win as a win... because muh OMB!!!!! REEEEE!!!!!"

- Powerbottom
Posted by Sams Crow
Member since Apr 2026
241 posts
Posted on 6/16/26 at 2:52 pm to
Thanks!
Posted by Rza32
Member since Nov 2008
4617 posts
Posted on 6/16/26 at 3:49 pm to
Dam, I should have waited to fill up today.
Posted by Yewkindewit
Near Birmingham, Alabama
Member since Apr 2012
21901 posts
Posted on 6/16/26 at 3:55 pm to
Good news. Just yesterday in Cambria, California I had to pay $6.79 a gal for gas. Glad I’m headed back home to the southeast.
Posted by jammajin
Member since Jul 2024
2166 posts
Posted on 6/16/26 at 3:59 pm to
quote:

Powerbottom


one of those who appears to have truly been broken in the last 10 years.

shades of Robert DeNiro

can't imagine how bitter and pathetic that life has to be.

This post was edited on 6/16/26 at 4:00 pm
Posted by OU Guy
Member since Feb 2022
31053 posts
Posted on 6/16/26 at 4:27 pm to
The Next Oil Shock Isn’t Supply, It’s Demand.

The capital market is misreading the moment. As consensus focus is on a temporary supply shock the great game is changing.

The closure of the Strait of Hormuz was not just a supply shock, it was a regime shift. It exposed how fragile the old energy order has become, and how quickly both supply chains and demand patterns are changing beneath it.

Start with what markets are missing, China.

Its crude imports collapsed to roughly 6.8 million barrels per day in May, down 40 percent year-over-year. This is not simply a temporary dislocation tied to Hormuz. It is the clearest signal yet that Chinese oil demand is no longer structurally rising. High fuel costs accelerated electric-vehicle adoption. Industry substituted toward coal. Growth slowed. Demand broke.

Even as inventories are rebuilt, the baseline has shifted. The assumption that China will indefinitely absorb incremental global supply, the cornerstone of bullish oil theses for two decades, is now in question. Markets have not adjusted.

At the same time, the supply side is undergoing its own quiet revolution. The Hormuz disruption revealed the strategic vulnerability of Middle Eastern flows. But it also clarified something more important, the center of gravity in energy security has moved west.

The Americas now sit at the heart of the global energy chessboard. U.S. shale, Canadian output, and broader hemispheric supply provide a level of resilience that did not exist in prior cycles. The marginal barrel is no longer exclusively hostage to Middle Eastern chokepoints.

Put the pieces together. Supply is normalizing as Hormuz reopens. Demand, led by China, is structurally weakening. It is now clear, ex the supply shock, deflationary forces are strengthening across the oil market.
Prices are going lower. A move back below $70 is likely. A drift into the low $60 by the end of 2026 is entirely plausible.

The great game has not just shifted, it has inverted.



X LINK
Posted by Don Quixote
Member since May 2023
5159 posts
Posted on 6/16/26 at 4:50 pm to
first pageprev pagePage 2 of 2Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on X, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookXInstagram