This happened because Trump’s delay on global economy mutual assured destruction was vetoed by Israel. Trump cheered it on, as Israel said US coordinated with them. No media questions about “Israel’s veto” were ever asked despite him making appearances with questions.
If you think this week was bad, you should see the next one.
Oil hits $100 a barrel
I read the headline and thought, "oh damn, is the price going down?”
I thought it passed $110 when Trump started the war with Iran.
There’s more than one oil price:
Oil prices also rose sharply, with U.S. crude topping $100 a barrel and global Brent crude at approximately $114 at around 4 p.m. ET.
Brent crude went above $100 early, but US crude just got there.
I think he bought a bunch of their oil and brought the price down for a few days.
Back when I was in college, it was the first gulf war and oil was around $20 a barrel.
One of my professors was talking about shale oil and how the US has phenomenal shale oil resources but it’s not profitable at anything less than $125 a barrel “and if oil is $125 a barrel we’re all screwed anyway!”
Well…
https://www.macrotrends.net/1369/crude-oil-price-history-chart
(North Dakota made SO much money!)
It’s that $10 oil that made 2nd gulf war necessary. Thank god for 9/11.
Breakeven costs on fracking nowadays is like $60 a barrel actually, we’re pretty much producing all the fracking oil we can at this point
Yeah, like I say, North Dakota was a boom town for a bit. Colorado has a metric fuck ton too.
https://coloradogeologicalsurvey.org/energy/e-fossil/oil-shale/
Granted $125 a barrel back then would be close to $300 today
Yeah, that’s a good point. What is $125 1992 today?
$295.79
https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=125&year1=199201&year2=202602
Yes
“Cuba is next.” -Founder of the Board of Peace
Fortunately some people are still making a shitload of money betting on Trumps announcements 5 minutes before they happen.
Elect one of the dumbest most brazen idiots on the planet. Be shocked when the world goes to shit.
Welp. I’d like to not say I told ya so, because that’s not helpful.
…
