General Discussion

onenote

(45,460 posts)

19. Why do you think $100/barrel of oil is around the corner?

Mon Jun 23, 2025, 11:08 AM

Jun 23

Last edited Mon Jun 23, 2025, 04:03 PM - Edit history (1)

Israel started bombing Iran on June 20. Trump bombed Iran on Sunday.

While oil prices briefly dipped in May into the $60-$70 range in April and May, they recovered back into the $70s in the past week and have leveled off somewhat.

Predictions of $100/barrel oil price assume Iran will block the straits of Hormuz. But that is unlikely given that it wouldn't just impact the US -- it would impact other countries, particularly China as well as other oil producing countries. Iran has threatened such a blockade in the past and hasn't done it and its unlikely they will do it now.

Sky is falling posts play into Trump's hand by undermining our credibility.

UPDATE: As of 4pm Monday, West Texas Crude was down to below $69.

Edit history

Please sign in to view edit histories.

Recommendations

1 members have recommended this reply (displayed in chronological order):

ShazzieB

19 replies

= new reply since forum marked as read

Highlight:

The end is near D.U. Community. [View all] Duncanpup Jun 23 OP

Who knew Iranian oil was critical to not already good price? Brainfodder Jun 23 #1

When gas goes up...... multigraincracker Jun 23 #2

Speedways coffee sucks also. Duncanpup Jun 23 #6

The coffee at Kwik Trip is very good Klondike Kat Jun 23 #17

The Rapture --- who remembers the Rapture scene in "6 Feet Under?" 3Hotdogs Jun 23 #3

Absolutely yet first. Duncanpup Jun 23 #5

Nah. I ain't no maggot. 3Hotdogs Jun 23 #7

It's a Jetta and calm down friend it's yours Duncanpup Jun 23 #11

To be polite I just filled it up for you. Duncanpup Jun 23 #15

When gas goes up 10%, I try to cut out multigraincracker Jun 23 #4

Topped off my tank... 2naSalit Jun 23 #8

Cheap gas means more greenhouse gases Martin Eden Jun 23 #9

When the price of diesel goes up gab13by13 Jun 23 #12

We have to change our transportation system and many of our habits Martin Eden Jun 23 #13

Why do you think $100/barrel of oil is around the corner? onenote Jun 23 #19

Just imagine what gas prices would be in the US if a Democrat were president? gab13by13 Jun 23 #10

Oh no! Not higher gasoline prices! EYESORE 9001 Jun 23 #14

I got dressed at 1:30 a.m. on Sunday to get gas. TheBadWolf Jun 23 #16

And MAGAs will remind us that "Presidents don't control gas prices" LeftinOH Jun 23 #18