Oil is literally going bonkers. It will easily be $120 by market open tomorrow. Why is Trump letting this happen?
>>62109078oil is bad for the environment. this is literally a good thing. the climate is in crisis.
>>62109078I dont care anymore. I want things to get to a state of nature.
>>62109084People still believe this??
Barron longed the dip ;)
Reverse capital strike will bail him out again. They don't want the neoliberal order to collapse.
>>62109078HIGH OIL PRICES ARE GOOD FOR THE US AND BAD FOR CHINA!THANK YOU PRESIDENT TRUMP!
Whats stopping oil from going beyond $200? Who says it cant hit $1k?
>>62109078You mean why is Iran doing this?
>>62109101we have people who voted to shut down nuclear power plants
>>62109121The efficiency of the market.If oil price gets too high while the production cost (including shipping insurance etc) is still cheaper than the current price, some greedy people will automatically selling the oil and push the price down to equilibrium, the true price level
>>62109078Trump has no cards.
>>62109164on the US navy and air force
>>62109078I voted for this
Trump and Hegseth think they can just fix the entire planet being bounty hunters. Now they're realizing that the what they're doing is the same reason China doesn't invade Taiwan, it's just not worth the effort.Don't worry though, everyone will have a horrible taste for Republicans in their mount this year and in two more years and we will get a giga-mecha-ultra SJW Democrat President that will require every citizen to home illegal immigrants and make each citizen pay holocaust reparations or else your children won't be able to go to public school
>>62109171Buy us oil companies stocks dork.
>>62109121>Whats stopping oil from going beyond $200supply and demand.Even thought there's more demand than supply it can't go infinitely up, poorer countries will eventually get priced out by richer countries, which is when it will hit the ceiling example being sure japan korea can pay 200$ per barrel but can africa?
>>62109078>Why is Trump letting this happen?because of this
>>62109472bears will never understand that markets adapt to changes Iran says they will murder sailors who try to go through the strait.... ok.... sailors wont go there.
The entire world (every government, institution, business, etc.) has one priority, and that priority is to cater to the 3 groups of people deemed human. Who is deemed human?>Boomers>Jews>Jewish BoomersThese are the only people that matter. Everyone else is a flesh robot economic unit. Dispensable, replaceable, and utterly worthless if they’re not accomplishing tasks.So why can Trump do whatever he wants? Because he’s a boomer, with a lot of ties to Jews and, more importantly, Jewish boomers.There’s nothing more to it. You zoomies and goyim can have your opinions and social media and shit, but, at the end of the day, your opinions don’t mean shit. If Boomer King Trump says he wants to turn all of Alaska into a giant jacuzzi, then you zoomies better start fucking digging. And don’t give no lip ‘bout it.Getting really tired of zoomie and millenial retards espousing their “logic” on the internet. Shut the fuck up. Nobody fucking cares what you think.
>>62109121Demand destruction would happen FAR faster than production increases
>>62109662oil demand is highly inelastic. even with demand destruction, oil can still go above $200 if you knocked out all of the GCC+Iran production
>>62109688There is a point were oil becomes unprofitable to refine if the price gets too high.Also, inelastic demand doesn’t matter if people literally cannot afford to buy it. Credit cards can’t save the petroleum industry.
>>62109735people can afford to buy oil at $200/barrel and beyond. oil was between $100-$140 for many years in the 2010's, inflation adjusted that'd be like $180-$230 now
>>62109078Golden age :-)
>>62109741Yes, but consumers (and every other part of the economy) is squeezed tighter than they were in the 2010s. Americans are already living off credit cards. They don’t have extra money to spend on gas.
>>62109121Nothing it was over $100 20yrs ago. With inflation It could easily pass $100.I'm surprised its not nearer to that now
Is there really a blockade, or did Trump just make it up? Whatever it was, it got oil back down.
>>62109092>>62109116>>62109164>>62109186>>62109472>>62109754The absolute STATE of you lazy braindead 3rd world niggers not even BOTHERING to check the current price of crude oil to see what a fool you are before posting your retarded ESL drivel on my business board>>62109078>It will easily be $120 by market open tomorrowHow's that working out for you, stupid faggot?
He only has 2 options.Fuck off or invade Iran.Invading Iran would be WWII-tier military fuckup that could end up putting him in jail.
>>62113078>Is there really a blockadeYes. So far all chinese tankers have turned back.>did Trump just make it up?no. Turns out China's final warning this morning was just another "China's Final Warning"https://en.wikipedia.org/wiki/China%27s_final_warning
>>62113195I know I know. I'm making so much money I can hardly count ( >>62109472 ).Also this >>62109741
>>62109101we are capable of taking basic temperature measurements and comparing them with previous data, yes
>>62113195Trump's blockade is a TACO, so oil will come back up. Then he'll do another TACO before the April 21 deadline. The real price of oil is going up. Trump just keeps manipulating it down. That puts the pain off, but it makes it much greater when it comes.
