“The last time oil prices topped $100 per barrel was after Russia invaded Ukraine in 2022.”
EmergencyAnything715 on
Oil price = WTI (west texas intermediate)
Was trending $60~70 prior with the worldwide glut of oil, this is a huge change.
Trump wanted America to “Drill baby drill” and he pushed it at the expense of middle east.
ziddyzoo on
Everyone, everyone has known for fifty plus years that the Strait of Hormuz is the jugular of the global economy.
But Trump and Hegseth and Netanyahu think consequences are things that only happen to other people. This is the stupidest war of the 21st century and my god that is a competitive field to top.
They are now bombing Iranian oil storage, we are about one escalation step away from oil and gas export infrastructure throughout the gulf being targeted and then $100 will look like a bargain.
oldcreaker on
Easy to cut oil ouput when your oil depots are being blown up.
4 Comments
“The last time oil prices topped $100 per barrel was after Russia invaded Ukraine in 2022.”
Oil price = WTI (west texas intermediate)
Was trending $60~70 prior with the worldwide glut of oil, this is a huge change.
Trump wanted America to “Drill baby drill” and he pushed it at the expense of middle east.
Everyone, everyone has known for fifty plus years that the Strait of Hormuz is the jugular of the global economy.
But Trump and Hegseth and Netanyahu think consequences are things that only happen to other people. This is the stupidest war of the 21st century and my god that is a competitive field to top.
They are now bombing Iranian oil storage, we are about one escalation step away from oil and gas export infrastructure throughout the gulf being targeted and then $100 will look like a bargain.
Easy to cut oil ouput when your oil depots are being blown up.