>95 dollars a barrel is le new normalWhen oil is this high everything goes up, meaning people buy less, meaning jobs get laid off and fewer created. The US is in a depression no matter what, and it will get worse and worse as the year goes on. Even if the strait reopened right now then this would remain true because of the backlog of thousands of tankers would take months to offload. And the US is still on strategic reserve fuel for the next couple of months.Beyond that, the damage to oil infrastructure in the gulf would take the rest of the year to repair even if it was repaired quickly.That isn't even considering the loss of fertilizer, food shortages are now a given.https://oilprice.com/Energy/Crude-Oil/StanChart-95-Per-Barrel-Is-The-New-Oil-Price-Equilibrium.html
See you in November.
>>533726819Except that it goes below 80 when Trump stops seething for two or three days.And that inverse 4chan wagie bait poster is better than early inverse Cramer.So: Cheap oil incoming.
>>533726819Its embarrassing how pathetic most Americans are. President Trump is fighting for our future and American citizens are out here siding with the enemy and falling for their propaganda instead of supporting the war effort. Leftism has completely subverted our culture. Anyways it doesn't matter. We are winning the war. You don't deserve it but you will benefit from the coming Golden Age our President is building, maybe than you'll change your mind and apologize
>>533726819SHOW FLAG YOU FAGGOT
>>533727993This. Notice how all the anti-Trump and anti-war faggots are always using meme-flags? Almost as if it's a SPLC funded foreign psyop
>>533726819>meaning people buy less, meaning jobs get laid off and fewer created.This is economically incorrect.Not everything goes up in price in the same proportion, so consumption either goes to the not-as-affected goods or go to savings. This reconfigures capital structure to shift to less energy dependent goods. This will take a while but will happen, also supply chains get smaller in geographical scope, this means that some seemingly 'absurd' cases like shipping raw shit to thailand to import it all packaged up won't longer be viable. Jobs just move from one place to another, a small shock will happen but then reconfiguration will take place
>>533726819>and it will get worse and worse as the year goes onOh well, there's always next year.
>>533728105>Noticemost of the trolling shit in /pol/ is meme flaggers
>>533727543*President Trump is fighting for israel's future
>>533726819It makes the author sound more knowledgeable if he calls it "price equilibrium" and not just "price."
>>533726819>I have a childlike view of how economics work! We know.
>>533726819Not my problem
>>533726819TOTALINDIANSTARVATIONSOON
>>533727543Trump is fighting to enrich his family and build ego monuments to himself. He doesnt need votes anymore, so he doesnt need voters. Wise up
>>533728105Retard its the exact opposite, the çuckolds who cant allow any criticism of trump are always behind memeflags.
>>533729000You believe black lives matter, the future is female, no human is illegal, and men can become women. Your opinion on anything is dismissed.
>>533727477It dipped for 5 minutes when the markets believed there'd be a reopening of the strait, which isn't happening any time soon.>>533728431> This reconfigures capital structure to shift to less energy dependent goodsThere are very few goods that are less dependent on oil. Goods made in the US all need to be moved around in trucks, which use fuel and fuel prices are dictated by the global market price.It's true that in time, over years, you can end up in a situation like a country under extreme sanctions where you reconfigure everything but that's a big difference to the 1st world standard of living Burgers are used to. The price of coffee going sky high in itself is a disaster and that's just one item that isn't exactly 'essential'.
>>533727543low quality bait
>>533729085>çuckolds>çSee. Told ya. Here's the definitive proof. The anti-Trumpers and TDS trannies are foreigners using VPNs and meme-flags.
>>533726819good maybe there won't be so many fucking retards driving around
Whatever the highest recent gas price in your area was, with the price of gas on the spot market over the past several days, it's about to go higher than that. Trump is boxed in. No military solution, and the reserves of hopium are depleted.
