Oil Blows Past $100 Per Barrel - Experts Warning $200 Possible

Bull shit. Only Congress can declare war, much less a war just for Netanyahoo.
You think so?
We played this movie the other day.
Congress gave the president the power to take military action for a period of sixty days. After sixty days Congress either has to declare war or disprove and cutoff funds and give the president an additional ninety days to withdraw troops.

The bullshit the dems tried the other day wouldn't be binding anyway.
 
Everything going as planned.

1773189867809.webp
 
Oil prices blow past $100 a few hours ago for the first time in years. Experts warning investors to expect all time highs.

Not what a weakening economy needs that’s for sure.



View attachment 1228769


After adding more than $40 a barrel in a little more than five trading sessions, the nominal record for West Texas Intermediate futures—$145.29, set on July 3, 2008—no longer seems out of reach. And if the Strait of Hormuz remains a barrier to Middle Eastern barrels reaching the market for long, an inflation-adjusted all-time high around $215 a barrel might also be in sight.
<~~~~~~~~~~>


Like Henny Penny you're prepared to claim the sky is falling. Anything in the negative about Trump and what his administration does and you're prepared to use fear mongering.
Crude oil prices have indeed stabilized below the $100 per barrel mark as of March 11, 2026, after a period of extreme volatility triggered by the outbreak of war in Iran. While prices initially spiked near $120 following the start of military operations on February 28, they have retreated significantly due to coordinated global efforts to secure energy supplies.
Strategic Reserve Release: The International Energy Agency (IEA) and a coalition of 32 countries agreed to a historic release of emergency oil reserves to offset supply disruptions caused by the closure of the Strait of Hormuz.
Current Market Prices
  • WTI Crude: Trading at approximately $85.49 per barrel.
  • Brent Crude: Trading at approximately $91.77 per barrel.
  • Recent Highs: Prices briefly eclipsed $119 on March 9, 2026, due to military operations and supply concerns in the Middle East.
 
Working. You?

This is price after Trump plans to drain the SPR.

View attachment 1229677
<~~~~~~~~~~>
How quickly you forget....

During his presidency,
Joe Biden directed the largest release of oil from the Strategic Petroleum Reserve
in U.S. history to combat rising gasoline prices following Russia's invasion of Ukraine. While this action was criticized by Republicans as a political maneuver, Democratic responses varied between support for lowering consumer costs and joining bipartisan efforts to restrict certain sales.
Many Democrats supported the move as a necessary tool to provide relief to Americans facing high inflation and record-high gas prices.
The Biden administration and its supporters highlighted efforts to replenish the reserve when prices were lower, though some planned purchases were canceled when market prices rose. Which of course never happened.
 
15th post
<~~~~~~~~~~>


Like Henny Penny you're prepared to claim the sky is falling. Anything in the negative about Trump and what his administration does and you're prepared to use fear mongering.
Crude oil prices have indeed stabilized below the $100 per barrel mark as of March 11, 2026, after a period of extreme volatility triggered by the outbreak of war in Iran. While prices initially spiked near $120 following the start of military operations on February 28, they have retreated significantly due to coordinated global efforts to secure energy supplies.
Strategic Reserve Release: The International Energy Agency (IEA) and a coalition of 32 countries agreed to a historic release of emergency oil reserves to offset supply disruptions caused by the closure of the Strait of Hormuz.
Current Market Prices
  • WTI Crude: Trading at approximately $85.49 per barrel.
  • Brent Crude: Trading at approximately $91.77 per barrel.
  • Recent Highs: Prices briefly eclipsed $119 on March 9, 2026, due to military operations and supply concerns in the Middle East.

I am reporting what IS HAPPENING. Not what will happen. Oil prices and gas are way up. The fact they are down from $119 ain’t nothing to celebrate. I think it’s important to track how we are doing on the things the GOP promised to fix if we put them in power. So far it’s been a bait and switch.
 
I am reporting what IS HAPPENING. Not what will happen. Oil prices and gas are way up. The fact they are down from $119 ain’t nothing to celebrate. I think it’s important to track how we are doing on the things the GOP promised to fix if we put them in power. So far it’s been a bait and switch.
<~~~~~~~~~~>
Come on man, you're pissing down your own leg and claiming it's rain.
Anything to be a contrarian. Typical of the DSA Marxist Socialist Left.
You're quote:
"The thread above correctly reports that prices blew past $100 and some experts think it could get to $200 if Trump doesnt reverse course."
It matters how you approach the subject, In your case it's 'Pessimistic rather than Optimistic', or 'Subjective rather than Objective'.

xxxxxxxxxx​
xxxxxxxxxx​
 
<~~~~~~~~~~>
Come on man, you're pissing down your own leg and claiming it's rain.
Anything to be a contrarian. Typical of the DSA Marxist Socialist Left.
You're quote:
"The thread above correctly reports that prices blew past $100 and some experts think it could get to $200 if Trump doesnt reverse course."
It matters how you approach the subject, In your case it's 'Pessimistic rather than Optimistic', or 'Subjective rather than Objective'.

xxxxxxxxxx​
xxxxxxxxxx​
Old news. Oil climbing again and the Dow is falling again. Fell 100pts more since this article was published.


Dow slides 300 points as oil prices move higher again amid Iran conflict: Live updates​


 

Latest Discussions

Back
Top Bottom