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SamuelTheThird

(1,340 posts)
35. Admittedly, Im no expert or even amateur...but
Thu Jun 4, 2026, 02:54 PM
17 hrs ago

' Ideally they want oil between $65 and $80. Once it goes above $80 countries start replacing it with coal, solar, nuke, mass transit, work from home, etc.'

If that's the case what possible advantage is it for the Exxon guy to lie (which is your claim, he's lying) and say it's going to 140 or 160? That would just kickstart alternatives right now to a greater degree.

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

The shit is on the wing orangecrush Yesterday #1
The storage cushion is fudgy. bucolic_frolic Yesterday #2
President Bone Spurs had a plan to get out of Vietnam. Emile Yesterday #3
Daddy's not buying his way out of this one. dem4decades Yesterday #4
From another perspective cachukis Yesterday #5
there's definitely been some adaptation... but still a lot has been kept afloat by the reserves that are likely to run LymphocyteLover 18 hrs ago #27
No question. One of my worries is the takeover of cachukis 18 hrs ago #31
Absolutely. I totally agree on all those points. The stock market is particularly a mess IMO LymphocyteLover 17 hrs ago #32
Have invested mostly in real estate over the last cachukis 17 hrs ago #34
Why would " Diesel goes first"??? Melon Yesterday #6
800,000 to 1.2 million SamuelTheThird 22 hrs ago #11
It's one country. Multiply across all oil producing Melon 14 hrs ago #41
Yes, but the key is how long the strait stays closed and how quickly the reserves run out LymphocyteLover 18 hrs ago #28
Diesel is often made from mideastern crude while gasoline is made from US crude JT45242 18 hrs ago #30
Not In The US, Though ProfessorGAC 8 min ago #45
Completely wrong. GreatGazoo 23 hrs ago #7
lol@your link SamuelTheThird 22 hrs ago #10
You ignored all the numbers to nitpick about semantics GreatGazoo 22 hrs ago #15
Are America's strategic reserves at a 40 year low right before the summer season? SamuelTheThird 21 hrs ago #19
Traders in Singapore, Beijing and Mumbai aren't duped by whatever Trump says GreatGazoo 17 hrs ago #36
This message was self-deleted by its author LymphocyteLover 18 hrs ago #29
Futures Are Not Delivery modrepub 16 hrs ago #39
"futures price contracts probably isn't a good predictor of actual future prices" -- meaning spot prices, yes GreatGazoo 12 hrs ago #42
Future Prices Are Not Necessarily modrepub 2 hrs ago #43
No. For anyone holding a March contract at $63 their price in March was $63 GreatGazoo 1 hr ago #44
Appreciate your insight as I'm an admitted economic idiot. I can see where Exxon would be trying to "warn" Cheezoholic 20 hrs ago #21
Futures lock in a price right now GreatGazoo 19 hrs ago #22
Admittedly, Im no expert or even amateur...but SamuelTheThird 17 hrs ago #35
Since oil is sold as futures there is more profit when buyers panic about the future GreatGazoo 17 hrs ago #37
All hinging on a deal that isn't going to happen SamuelTheThird 16 hrs ago #38
Last week Exxon Mobil warned that oil inventories will fall to record low levels in coming weeks LymphocyteLover 17 hrs ago #33
Demand destruction WSHazel 23 hrs ago #8
"one of the key reasons that Trump started this conflict was to increase energy prices"-- agree LymphocyteLover 18 hrs ago #25
And it's all part of the plan... 2naSalit 22 hrs ago #9
Excellent summation. Kid Berwyn 22 hrs ago #12
I don't think the Strait of Hormuz never reopening is going to happen, but it will not reopen without a major shock ToxMarz 22 hrs ago #13
Agree. Thanks for the link. LymphocyteLover 18 hrs ago #24
Kick dalton99a 22 hrs ago #14
MAGA does the full collapse kairos12 22 hrs ago #16
First the bastids want to grift off it, if they can. GreenWave 21 hrs ago #17
But I thouight it would be open in two weeks. AverageOldGuy 21 hrs ago #18
That's the point. Blue Full Moon 21 hrs ago #20
Unbelievably awful LymphocyteLover 18 hrs ago #23
It's happening now as we speak. marble falls 18 hrs ago #26
Remember that the UAE left OPEC a few weeks ago WSHazel 15 hrs ago #40
Latest Discussions»General Discussion»If the Strait of Hormuz d...»Reply #35