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

[citygator]

I have to go through this again?... here it is... oil companies think years down the road... they make plans and investments long term... drilling sites only get started when they can see the pay off so warning them they won't be allowed to drill frightens them away from any new investing...
The dems knew what they were doing... blocking new sites in oil rich areas so the cost of fossil fuels would meet the cost of renewables...
Oil is a global commodity so reducing supply raises costs all over the world...
This is what triggered inflation around the world... all by plan...

Trump closed wells. Biden opened wells. When Trump left he had the lowest oil rig count in years. Bden built it back up. Guess what? Trump closed them again.

Green arrow is going up under Biden. Red arrows are down under Trump. Sucker.

 

[Delldude]

Where is the right wing outrage?


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www.nytimes.com

WTI Crude (Apr′26) @CL.1:New York Mercantile Exchange
*Data is delayed | Exchange | USD
Last | 11:55 AM EDT
95.20quote price arrow down-3.51 (-3.56%)

$95.20......deepest condolences.

 

[citygator]

WTI Crude (Apr′26) @CL.1:New York Mercantile Exchange
*Data is delayed | Exchange | USD
Last | 11:55 AM EDT
95.20quote price arrow down-3.51 (-3.56%)

$95.20......deepest condolences.

Its about $100. You think $95 is a win?

FedEx already talking about rate increases.

 

[Delldude]

Its about $100. You think $95 is a win?

FedEx already talking about rate increases.

How do they put it?

It's transitory.....

 

[Delldude]

You think $95 is a win?

How do you equate this into some kind of contest?

 

[citygator]

How do you equate this into some kind of contest?

It's a policy disaster. That is the opposite of win. Policy wins help us all. I can ask AI if $95 oil is a policy win and we can let the digisphere decide which one of us is crazy.

 

[Delldude]

It's a policy disaster.

A policy disaster would be a return to Biden gas prices.

I know you can't sleep at night hoping.

 

[citygator]

A policy disaster would be a return to Biden gas prices.

I know you can't sleep at night hoping.

Gas was $3 under Biden except during Trump's negotiated reduction of OPEC oil that 100% drove inflation. I know you like data and charts. I did this one for you.

The second Trump's OPEC deal ended inflation starting falling as did oil prices.

 

[Delldude]

Gas was $3 under Biden except during Trump's negotiated reduction of OPEC oil that 100% drove inflation. I know you like data and charts. I did this one for you.

The second Trump's OPEC deal ended inflation starting falling as did oil prices.

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Cute, but myself and others remember $5.00 gas under Biden.

 

[citygator]

Cute, but myself and others remember $5.00 gas under Biden.

 

[Zincwarrior]

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And again, Biden was a one term President, wasn't he?

 

[Delldude]

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Screw up your narrative?

 

[citygator]

Screw up your narrative?

I can lead you to water. i cant make you drink

 

[Rambunctious]

Trump closed wells. Biden opened wells.

Ridiculous....

 

[Delldude]

I can lead you to water. i cant make you drink

You think the guy filling his tank thought of your graph?

You're rich, you can pay my gas too.

 

[Rambunctious]

Oil companies produced more oil in the 4 years Biden was president than at any time in the history of the world. Your entire narrative has just collapsed with that one singular fact alone. But just to correct you on your second point, oil companies don't control the cost of oil across the globe, whether they pump more or less. The global market sets the price, and US oil companies sell it for whatever that price is. Everything you just spouted is just pure nonsense, without a single basis in reality.

Every year we produce more oil... we have to in order to keep up with demand.... but Biden barely kept up with demand which explains the high cost....

 

[citygator]

Ridiculous....

Do you know how to read? Trump closed rigs. Biden opened them. Its 100% indisputable. Sorry it shatters your world view.

Do your own research here:

U.S. Crude Oil and Natural Gas Rotary Rigs in Operation (Number of Elements)

 

[Rambunctious]

Do you know how to read? Trump closed rigs. Biden opened them. Its 100% indisputable. Sorry it shatters your world view.

Do your own research here:

U.S. Crude Oil and Natural Gas Rotary Rigs in Operation (Number of Elements)

I don't read fake news....

 

[citygator]

Every year we produce more oil... we have to in order to keep up with demand.... but Biden barely kept up with demand which explains the high cost....

Trump's OPEC deal was the ONLY driver of oil cost.

 

[Rambunctious]

Trump's OPEC deal was the ONLY driver of oil cost.

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Fake graph....