Oil prices climb above $85 a barrel. Energy crisis will set off social unrest, private-equity billionaire warns

[MinTrut]

At this point, I'd hope that even the most tribal on the Left are finally beginning to understand that we are all being pushed into violent conflict mode...against EACH OTHER, not the scum in DC who are responsible.

Democrats, not the left.

Confusing Democrats with the left is like thinking the Nazis were Jewish.

 

[pknopp]

I agree, for the oil companies/OPEC there is no good reason to. They are making more money with less expense. I cannot fault them for doing what a business is supposed to do.

Sure, it's the markets "irrational exuberance". That's the term OPEC used last time.

We could solve all of this by going back to the way oil was once traded. You actually had to be an end user to bid on oil. Oil remained relatively stable for years.

 

[RoshawnMarkwees]

Trust me the dems were to blame for the 70's oil crisis as well---their rationing really did a number on the gas prices as well. Carter and the rest of the dems pushed the nonsense that the world only had so much oil left as well........

Nixon started that by putting artificial price ceilings on gasoline. That made us run out of gas and resulted in odd/even license tag gas rationing days. Carter repeated that in 1979.

 

[surada]

I agree, for the oil companies/OPEC there is no good reason to. They are making more money with less expense. I cannot fault them for doing what a business is supposed to do.

Saudi has announced a target of 13 million bpd by 2022.

 

[DigitalDrifter]

If only those that can would increase oil production.

But for some reason they are loving the high prices...can't imagine why

I think it's directly related to leftist policies around the world. Oil producers see the writing on the wall, they know they have a finite # of years to operate, and it's looking like their window of time is now going to be smaller than first thought. They're going to likely keep the prices up, to keep their profits up before they are driven out of business.

 

[jbrownson0831]

All those who chose oversized, overweight vehicles because "energy was cheap" and they couldn't see any further than their nose have aided tremendously to put us here. All those who so vociferously opposed alternative power have helped as well. This suffering is self inflicted because people refuse to live within our realistic energy means. What would be the status if the average American vehicle got 40 mpg?

Waah waah waah.....the Dims put us here, we didn't just get here.

 

[harmonica]

But it has a lot to do with demand.......and since demand is up again.....the price of oil per barrel is up.....


Lots of oil workers were laid off last year when the demand flatlined and the price of oil was hovering around 40 bucks a barrel....Would you feel better if oil was 10 bucks a barrel??

View attachment 556922

Or would you then blame Biden for crashing the oil speculation market and causing drastic layoffs in the oil industry?

But I don't expect morons like you to be honest about anything...

you fkd up HAHHAHAHAHAAHAHAHAHAHAH
but they usually go DOWN in the winter!!!!!!!! not THIS year--with Biden in charge woooohooooo you dumbfks

Why do Gas Prices Go Down in the Winter? - 1A Auto

Gas prices always seem to be lower in the winter than in the summer. All the things that make gas prices rise and fall can be pretty convoluted, and a lot of factors play into seasonal price differences. There’s higher demand in the summer, with people going on vacations, and generally getting...

blog.1aauto.com

 

[initforme]

The big oil companies have some of the blame also.

 

[citygator]

I guess the Democrats must be in charge of all countries cuz world prices are up not just US prices. They are still below Bush years.