General Discussion

gab13by13

(32,949 posts)

8. It's a happy medium right?

Wed Jun 10, 2026, 11:55 AM

17 hrs ago

The fossil fuel industry isn't going to pass up the obscene profits it is making at $100/barrel. Krasnov can rationalize $4/gal but have a hard time at $7/gal.

How many times has Krasnov proclaimed that a peace deal is imminent? Like 38 times? Then the price of crude drops 3% based on fiction. Where would we be today if all of those price drops didn't happen?

We have a war going on in the ME, crude oil should be $150/barrel today, the fossil fuel industry has done quite a lot to protect Krasnov.

After all look what Krasnov has done for them; giving them government land to drill on, gutting regulations, gutting subsidies for alternative energy, pausing the Jones Act, etc. etc.

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Highlight:

I Told You The Price Of Crude Is Being Rigged [View all] gab13by13 17 hrs ago OP

Oil prices have always been rigged. They go up and down when opec leaders need new stuff. Srkdqltr 17 hrs ago #1

They've been rigged (subsidized) to keep prices low for the last 60 years about. eom Exp 11 hrs ago #36

The EIA reported this morning UpInArms 17 hrs ago #2

i have no idea what that means. dem4decades 17 hrs ago #3

The EIA reports on our inventory of fossil fuels UpInArms 17 hrs ago #7

If they have that much control and wanted to help Trump, why don't they lower price to where it was in February? onenote 17 hrs ago #4

It's a happy medium right? gab13by13 17 hrs ago #8

Let's see what happens as the November elections near Raven123 15 hrs ago #19

Another article Takket 17 hrs ago #5

Yes, and the people who set the prices are very much aware of that scenario. gab13by13 17 hrs ago #9

The oil companies fucking suck. Yet we're practically forced to buy their products. Initech 17 hrs ago #6

It's all going to hit a wall at some point this year SamuelTheThird 17 hrs ago #10

You should buy as much oil futures as you can then MichMan 12 hrs ago #35

I think you've missed some other influencing factors Fiendish Thingy 16 hrs ago #11

From my co-pilot search gab13by13 16 hrs ago #13

I think the markets pay more attention to actual production of oil Fiendish Thingy 16 hrs ago #14

I have been following the price of crude for 3 months, gab13by13 16 hrs ago #15

See post #17 Nt Fiendish Thingy 15 hrs ago #22

You Do Realize That ProfessorGAC 15 hrs ago #23

It goes back up when the deal fails to materialize or an attack happens. maxsolomon 14 hrs ago #28

That's Not What The OP Said ProfessorGAC 14 hrs ago #29

This. Track Brent Physical Delivery Melon 16 hrs ago #17

How can you say the price is in line with Brent futures when gab13by13 15 hrs ago #18

Reserves are just that: reserves. They can only put down pressure on prices for months ... marble falls 14 hrs ago #27

Exactly what I said. Current available oil is tracking with futures Melon 13 hrs ago #30

Exactly right. This is all about pricing, not availability. marble falls 13 hrs ago #31

The only way to end this is to remove Krasnov and get out. GoodRaisin 16 hrs ago #12

Shared frustration and crushed optimism relogic 14 hrs ago #24

Seriously: If the US wanted to clear the Straights and the Gulf, the Navy with all the aircraft carrier groups in ... marble falls 13 hrs ago #33

This isn't the entire story. Supply chains have changed. Melon 16 hrs ago #16

Nice post, gab13by13 15 hrs ago #20

I wouldn't be surprised if Drumpf wasn't bribing and/or threating the players to keep the price artificially low ToxMarz 15 hrs ago #21

It's traders and speculators fiddling with the Commodities Market by disaster investing. marble falls 14 hrs ago #25

They control the oil... kentuck 14 hrs ago #26

Did Trump admit to piracy today? LR3 13 hrs ago #32

Didn't TACO actually joke about being a pirate a few weeks ago? marble falls 12 hrs ago #34

He did some rigging in early 2020 when the pandemic started Jbraybarten 10 hrs ago #37