Oil Just Hit a 7yr High

Don't worry baws, they will put price controls on the gas soon.

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Let's go Brandon!!!!

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Worse than Carter

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Why are old fat ugly liberal women so engaged politically?

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They have led long and miserable lives. Misery loves company so they are just doing what other old miserable hags are doing.

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Do you baws realize crude oil is a global commodity that is traded outside of the United States?

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Do you realize that the anti-oil industry stance held and enacted by the current administration has had an impact on production and oil prices within the United States?

Yes, there are multiple factors, but Biden is not helping the situation at all.

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Do you baws realize crude oil is a global commodity that is traded outside of the United States?

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Do you realize until Joe took office that the US was the largest oil producer in the world, which impacted the price of Crude

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Do you realize until Joe took office that the US was the largest oil producer in the world, which impacted the price of Crude

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Do you realize US oil production has yet to recover from Trumps lockdowns? Have you heard of supply and demand before?

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Speaking from a pure economic/market angle, but has happened over the past two weeks to cause such a big jump in a short amount of time?

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Well just looking at the weekly inventory the US had a 4.6mm bbl draw last week bringing the commercial stockpile down to 413.3mm bbls, down 68.9mm bbls from the same time last year when commercial stockpiles were 482.2mm bbls

U.S. Petroleum Balance Sheet, Week Ending 1/7/2022

ETA: Also appears some oil tankers were attacked in the Middle East

Oil prices hit seven-year high after attack

Rig rates are going up. Transocean stock might finally be a buy !