re: Either Way You Slice It - Gas Is High for The Foreseeable Future Which Spurs a Recession

Another recession after Bidens?

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It has nothing to do with the Strait - if that was completely open tomorrow, it doesn’t solve the severely damaged infrastructure (particularly LNG) in the neighboring Arab states.

6 months, minimum, to return to normal economic levels if they started to rebuild tomorrow (which they obviously can’t).

Why do you think the overt “messaging” from the WH/DoD is in overdrive?

It has all the trappings of “Everything is Fine - Nothing to See Here.”

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We dont get gas from there you fucmking moron, 2% of our oil comes from the straight. This is all speculators and gas companies fleecing us.

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We dont get gas from there you fucmking moron, 2% of our oil comes from the straight. This is all speculators and gas companies fleecing us.

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When the overall supply of crude on the global market decreases, or is expected to decrease, while demand remains unchanged, then the prices of said crude increase.

Doesn't matter where that crude originates from, if there's less of it available, it becomes more valuable and those who need it are willing to pay more for it.

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It has nothing to do with the Strait - if that was completely open tomorrow, it doesn’t solve the severely damaged infrastructure (particularly LNG) in the neighboring Arab states.

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Natural gas prices have barely moved in the US compared to Europe and Asia, where they're hitting the stratosphere.

This is why we Drilled baby Drilled

LNG isnt part of the oil or Gasoline price.

ERIC BOLLING
@ericbolling

The high price of war… note the Diesel price. That’s where the rubber meets the road (literally) with the economy.
US truckers suffering greatly.

This is the window to ensure energy independence NOW!

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US Oil & Gas Association
@US_OGA

Agree 100%. This is a real concern. Nobody wants to be producing something their customers can't afford to buy.

You know the saying -
"When the elephants fight - the grass gets trampled"

We are lucky that the US economy is not dependent on a choke point somewhere across the world.

But wars in far-off places have a tendency to expose supply chain weaknesses at home. And the small businesses and farmers are the ones who get trampled in all of this.

US oil and gas producers solved the domestic production and supply problem.

It took a generation to get there and innovation to crack the shale codes. It took a lot of investment but it has made a huge difference in US energy independence.

The next big challenge is updating and expanding our refining capacity at home.

For many years - investment was scared away from putting money into new refineries, due to lawsuits and threats from the ESG crowd. The Administration coupled with reality have changed that trajectory.

Last week's announcement of the new facility in Brownsville sends a clear message that there is real opportunity and growth. We need about 20 more of these announcements

Hopefully things will begin to settle down across the globe soon and we will see and the differentials begin to narrow on the downside.

And hopefully we will learn our lessons and will get serious about addressing the refining capacity issue at home.

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6 months, minimum, to return to normal economic levels if they started to rebuild tomorrow

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So, you're saying you're not willing to endure 6 months of uncomfortability even when the result is lower global terrorism for years or decades.

Some people really are that selfish and myopic.

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So, you're saying you're not willing to endure 6 months of uncomfortability even when the result is lower global terrorism for years or decades.

Some people really are that selfish and myopic.
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He'd also rather see:

Iran obtain nukes and hold the world (and the straight!!) hostage
Iran obtain nukes and use them on their neighbors and anyone they can reach
Iran gun down another few thousand citizens for daring to speak out.

RFK don't care. As long as his LNG is cheap. which it will continue to be anyway.

The Jews did this. Via the Chinese.

Burt's pushing mossad psy-op level stuff