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rickgthf
Senior Advisor

WTI back down to $88, Brent @ $95, ...

... back down to the price just before Putin's invasion of Ukraine.  If India & China are still getting their  $30 discount then Putin is only getting $50-$60 per barrel for his oil.  He's losing money now.  It's going to be hard to pay for his war now.

  Meanwhile, US demand for gasoline continues to decline along with the price.  Gasoline demand in the US is 10% below a year ago @8.4 million barrels per day and continues to decline, the average price dropped to $4.19.  Apparently, people have figured out how to get along without so much gasoline.

10 Replies
dwillinois
Senior Contributor

Re: WTI back down to $88, Brent @ $95, ...

You are an idiot its a called a recession

Volodymyr Zelensky Asks Xi Jinping for Talks, Invites China to Rebuild Ukraine🤣

I guess when gas get under 2 bucks and inflation under 2% you'll have something to talk about 

dwillinois
Senior Contributor

Re: WTI back down to $88, Brent @ $95, ...

BA Deere
Honored Advisor

Re: WTI back down to $88, Brent @ $95, ...

Once we get into September, the leaves turn and the furnaces kick in on chilly mornings the traders will start thinking about winter.  Consumers will fill their nearly empty heating oil barrels and propane tanks, winter contracts for heating will be sought.  If Putin and Zelinsky reach an agreement and sing kumbya perhaps fuel will stay "cheap"  by that first Tuesday in November... that`s all the Democrats give a fück about, right?   After that to hell with it... 

BADeere_0-1659791883146.jpeg

 

henrikstudson
Senior Contributor

Re: WTI back down to $88, Brent @ $95, ...

Women control the strings in upcoming midterms. Treat them like an equal the righteous stands a chance to take over congress.  Keep making laws that pushes them back to the 50’s, just look what happened in a very, very, very conservative state like Kansas.  

Indiana learned their lesson.  Instead of allowing their citizens to vote, old white men made the rules for them.  

dwillinois
Senior Contributor

Re: WTI back down to $88, Brent @ $95, ...

🤣How many time you gonna repeat the baby killing battle cry 

limpdic will let you drive the van just calm down 

sam1wiseone
Senior Contributor

Re: WTI back down to $88, Brent @ $95, ...

Given that democrats demand that no one can identify who is a woman your comment is nonsense, henrick.

sam1wiseone
Senior Contributor

Re: WTI back down to $88, Brent @ $95, ...

Wow, destroy demand with massive price increases caused by artificle scarcity and price goes down.  What rocket surgeons.

 

rickgthf
Senior Advisor

Re: If by "artificial scarcity" you mean ...

... refusing to buy Russian oil, then yes.  But then given your complete lack of scruples, I'm not surprised you think that way.

BA Deere
Honored Advisor

Re: If by "artificial scarcity" you mean ...

So Rick, what do your scruples say about Biden releasing the US strategic oil supply that ended up in communist China?   Oh right right right "oil is a global market" .  Russia is also "on the globe".