"Fear the tweet"

[Long_Hunter]

Thought I would share this from an article on Fox business regarding how the US is about to lose its mostly energy independent status enjoyed during the Trump years...

The tweet comments are funny, I laughed out loud at the stupid... but overall the article is another one indicating we can expect energy prices to climb significantly over the next year...you may already be noticing at the pump.






"Today, the OPEC cartel has less to fear from the U.S. producers as the Biden administration pledges to restrict the U.S. energy producer's ability to frack for oil and gas. This will be a major change from the Trump years when President Trump would tweet and threaten OPEC and its leader, Saudi Arabia, causing it to reverse course in cutting production. Saudi Arabia feared the tweet, and OPEC and the oil market responded.

OPEC no longer fears the tweet because Trump cannot tweet and because it knows that Joe Biden is not that averse to higher oil and gas prices. The higher oil and gas prices go, the more expensive and less efficient alternative sources will look more attractive. Biden unlikely will interfere in Saudi Arabia's quest to drive up oil prices and it's already showing that it wants to take advantage and control of global oil prices."




-LH

 

[kcult]

Regular has only gone up 18 cents since the 6th.

 

[MostWanted]

All these trillions in deficit spending is going to make a dollar worthless anyway.

 

[fieldgrade]

All these trillions in deficit spending is going to make a dollar worthless anyway.

I’ve been worrying about that for 8 years and nothing has happened. Only when the US dollar is no longer the primary world reserve currency will we truly be SOL.

Which might happen in my lifetime, short as I expect the rest of it to be.

 

[backwoodsshooter]

lol, i foresee 2008 all over again. cept maybe worse

 

[backwoodsshooter]

What was bad about gas prices in 2008? Have you forgotten the price dropped by a couple dollars a gallon that year?

View attachment 289739

idk, i didn’t get out of training for the army until mid 2009 lol. but was told gas hit over 4$ a gallon, which it did in 2008 due to the recession and all that jazz. and the chart shows the fall in prices 2009, which happened

 

[backwoodsshooter]

Drilling in deeper, you’re right about that. But the year started above $3 and ended at $1.75.

View attachment 289741

A lot of people stopped buying trucks, bought something fuel efficient... soon after, they were right back in trucks.

In 2007 and 2008 Chrysler was giving lifetime warranties on trucks and SUVs to try to get people back into showrooms.

so like i said lol. 2008 cept worse.

hope i’m wrong

 

[Darkhorse]

I’m telling you boys it ain’t over yet.....

 

[MostWanted]

Price dropped in 2008 because demand dropped because the economy collapsed. Like last spring when everything shut down, with all the oversupply we were paying $1.49.