Gas prices increase under Trump

[YoursTruly]

It will take a couple more weeks for that to catch up, as companies race to maximize production, the available labor market will stretch thin. The incentive to boost pay and bennies will follow.
The Keynesians and Marxists will be most confused by this process.

They're not going to increase wages because they know the global oil prices won't stay this high forever. Plus oil field hands already make good money.

 

[JWBooth]

They're not going to increase wages because they know the global oil prices won't stay this high forever. Plus oil field hands already make good money.

The daily damage to production facilities has me believing that if this stopped right now, it would be six months to a year for production levels to stabilize.

 

[YoursTruly]

The daily damage to production facilities has me believing that if this stopped right now, it would be six months to a year for production levels to stabilize.

Oil futures could drop within a few days, if the war ended now and the straights opened up. Even with the damage done in Iran.
There's still a LOT of oil producers who could pick up the slack, and then some.


But would they? Probably not, because traders make a shit ton of money when the markets are up.

Oil field hands, not so much. They'll still make the same.

 

[Lesh]

The daily damage to production facilities has me believing that if this stopped right now, it would be six months to a year for production levels to stabilize.

That’s the general consensus.

Word is that oil may hit $180/ bbl