Oil prices top $112 after Iraq declares force majeure, Kuwait refineries attacked

Quick adventure. In and out. What could possibly go wrong.

Its very close Brent Crude was about 64ish the Friday before this bullshit started

Can you imagine if we lost?! 😞

How much did gas increase under Biden for them to make those stupid f****** stickers?

They see their lives get worse and go "I have faith in Trump that he'll make it better soon." He really is Jesus to them, they have so much blind faith in him.

After Carter, democrats in DC thought that they needed to go right on economic issues and crime to stay competitive, even though New Deal policies were still insanely popular. At that point, the only way they could distinguish themselves from Republicans was to be progressive on things like race, marriage equality, etc. Ronnie Raygun killed unions. NAFTA and offshoring of manufacturing killed off most of what was left of blue collar America. These effects were felt simultaneous to historically disadvantaged communities finally achieving some semblance of equality. I think a lot of folk in rural, rustbelt America felt those things were intrinsically linked. So now, they wish to punish those who "benefitted from their downfall". Even though the Epstein class is who gutted them. But as long as liberal and left wing Americans are unhappy, they think that they are winning. Plus those folks are brainwashed by billion dollar propaganda machines.

Because they think, “we don’t have to worry about men in women’s sports, I’ll gladly pay more for literally everything else in my life.”

I just read a NY Times article today that listed his approval at 44%, after everything that’s gone down in the last year. I don’t even have words.

Thats not what theyre seeing. Fox news is showing winning polls , succesfull attacks, Trump making sick jokes. Democrats clutching theyre pearls and ice deporting thousands. While pounding out election interferences and the saves act. No coffins or burnt kids bodies at all!

Oh just watch. They're going to make things much, much worse.

This time it's not a good situation because like the tariffs he can't go on Twitter and say he's just kidding or make up some imaginary deal. Think of this logically, you kill their supreme leader during a negotiation, you think they have any incentive to back down or agree now? It seems like they had no plan or thought the Iranians would close the strait either. Dumbest president of my lifetime, worse than bush jr.

Just had a small conversation with my girls brother. Telling how much gas is right now. He started blaming our states Governor. Told him its cause of the war in Iran driving prices up. He responds with "why would Iran effect our gas prices. We dont get oil from them". I just left it at that. Didn't want to go any deeper since I had to get back home with the grocery haul.

Hey, he "had a feeling".

[From *The New Republic*:](https://newrepublic.com/post/207989/trump-war-iran-cause-stupidity) >Imagine if the dumbest person in the world and humanity’s biggest a****** were the same person, and that guy was president. Then imagine he started a war with Iran. Now check the news. One look, and here’s what you should be thinking: “Yep, that tracks.”

It's gonna be fun when they rewrite the history books. That's if we don't all kill each other first.

Can you guys do something more than whining on the Internet then? My fuel prices are going sky high in new Zealand and you guys I'm America don't even have a riot going on over an illegal war. At this point you are all complicit.

They are competently achieving everything they promised: to tear down the establishment and replace it with themselves.

The lack of self reflection and judgement is absolutely astounding to me. Trump was right about one thing, he could shoot somebody and not lose any voters. Killing tons of innocents and soldiers just to distract from the fact he is a pedo. Somebody take grandpa’s keys ffs.

Who benefits from this? Russia. Who has heavily manipulated the president? Putin Coincidence? Doubtful

I think you could yell "AI will solve the oil crisis" on a random street corner and the market will bump at least 15%

Careful. He could just print a bunch of money (like he did during the pandemic) and the nominal valuations would go up in terms of USD even if the purchasing power of USD goes down. That would also erode the underlying value of bonds. There's not really a good play, aside from cronyism and gold.

Yeah im down pretty heavy already but at the same time i cant really predict it anymore lmao. Itll go up on the worst news randomly and down on blow out earnings. So im just sitting here watching it all go down.

The fed cannot print hydrocarbons. A tweet may save the day on the markets temporarily but it cannot open that straight. There is no saving this, reality will catch up soon enough. Brent crude oil is at 110 but those are paper futures, Dubai physical crude is selling at 150-170. The paper derivatives are being artificially suppressed, this isn’t even a conspiracy look at the silver markets in January or the 2022 nickel squeeze, the game is rigged. Get your money out now while you have the chance, once the car is out of the bag and the institutions have handed over their bags it’ll be too late I recommend hard assets, gold and uranium, and DCA into those. Uranium went from 6 dollars per pound to 40+ in the 70s last time oil stopped flowing from the gulf

Not a bad strategy. Some MM pulling close to 4%.

nothing is as stable as a fiat currency propped up by a decaying imperium

Every time the number goes down, it's a d*******. Keep buying; this dip won't last, and in any reasonable investment plan the only way to lose money is to sell during a dip

Won't inflation rise though? Cash isn't exactly a great thing to hold when it's falling in value

ICE is still operating in Minnesota, there's just bigger headlines saturating everyone's news feeds.

He still hasn't seen the inside of a prison cell.

Snake oil salesman is what he is, and he is finally getting a taste of his own medicine. His first term, other countries didn't know how to say NO! This term the world is finally realizing he is a fraud and letting him sink on his own.

I mean… he’s making a shitload of money

look at what they did to Mussolini. that was only 80 years ago.

Trump is a war criminal and a child rapist. He should be locked in solitary confinement for the rest of his life.

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We pay the price for these horrible decisions. I have no doubt these rich assholes would have still made massive profits out of this illegal war.

And if he does attack the Iranian oil infrastructure, it'll only cause more scarcity and make prices skyrocket even more. What a genius

A shitshow is what you should expect from a conman.

And Trump also said they are basically at victory and “considering winding down operations” lol. Can’t make this shit up.

Where on earth did you get the idea that "Iraq joins Iran in attacking global oil production"?

I assume that last sentence rhetorical? Whose economy is fighting Ukraine is really struggling right now and whose economy benefits massively from the lifting of those Russian sanctions? Putin perhaps?

Wtf did these clowns think was going to happen? Middle east is a fking powder keg. There's a reason why past coalition didn't go storming in without atleast a "good reasoning", and even then, its a fking cluster f***.

Bibi is claiming more lebensraum in Lebanon and West Bank. He'll happily expand his territory and then instigate Trump to send ground troops to die for Israel.

100% You know in the past it wasn't as terrible as this.. sure he had some failed business adventures and lawsuits, but those are minor to the havoc he is creating for the entire planet.

Agreed. I don’t think we are getting out of this without nuclear weapons being deployed. The phrase “glass the desert” will be used.

I just checked with Larry Ellison and he said no

Ground news is an okay shout, but setting up your own RSS feed with source/keyword monitoring is definitely your best bet.

[https://www.aljazeera.com/](https://www.aljazeera.com/)

That he can break the US democracy before then so that there is no election?

He did say we'd get tired of it...

They were talking about Brent not West Texas

Brent crude. I believe the $98.75 was US crude

They’ve been holding right around there but gas prices keep going up daily.

Doesn't literally say in the article they're referring to the brent crude barrel price rather than west texas intermediate?

I know you go the answer already but I use this. https://oilprice.com

98 is for West Texas Intermediate. 112 is for Brent Crude, which has served as the "gold standard" of oil since the 1960s because it's a sweet light oil that requires minimal processing (de-sulferization etc) to transport by tanker and yields a high proportion of gas/diesel without expensive/complicated processing.