this does not bode well. in the near future oil futures will begin ticking up, the price of gas, and especially diesel and home heating oil will skyrocket driving the economy into a major recession. there is no economic recipe for growth without plentiful oil.
the dead of winter this coming winter season is going to suck with likely double digit inflation and a shrinking economy
All because mean tweets and rustled jimmies. 
2023 is going to get off to a rough start
Misery Index part 2. I hoped we would never go there again.
Thanks Brandon.
off a 6 month low.
gas is like 3 bucks wholesale
Allan
and natural gas futures are near all time highs, you know why…
inventories are off by about 8%
now oil inventories are well below where they need to be, especially diesel and distillates off by near 25%
what we need is another gigantic expensive climate hoax tax increase bill
great idea, they can call it the gas light act!
i mean since those are two things we’re gonna need
$4.24
The current national average price of regular gas is $4.24 per gallon, which is more than a full dollar increase over prices in 2020. The higher price tag for gas is felt in every driver’s wallet, and the price has reached levels not seen since 2008, when gas cost drivers $4.11 per gallon.
Gas Prices 2022 | Bankrate
“We” have so much oil, Biden is exporting our reserves to other countries and that makes perfect sense, if you don’t have any?
and depleting the reserves going into winter…
what could go wrong?
ha right.
sickening isnt it, how stupid they need people to be?
Not to mention what would happen if he were to “wag the dog” and get us into a war.
PRESTO!!! Wish granted!
sending a lot of its light sweet crude to Europe and Asia where refineries are equipped to deal with the kind of oil coming out of West Texas and North Dakota
…and your POV?
https://www.foxbusiness.com/markets/oil-inventories-lowest-since-1985-bad-omen-winter
This demand for distillates globally could go through the roof and leave the U.S. undersupplied because of the war in Ukraine
Not only is he warning of a potential supply squeeze for oil in the coming months, but he is also suggesting that fuel switching in Europe could cause major diesel price spikes this winter.
Oil comes out of the ground here, but we face supply shocks and price spikes because parasites send it to foreigners for a pretty profit instead of kepping it here in the United States. What a circus.
It’s almost like pump prices are a lagging indicator of bad policy in a debt-based managed economy.
Could it be that if government acts like a petulant child and enacts short-sighted policy with no thought of the consequences, we pay the price for it later?
Those barrels are going where they will be used. Sending them to China lowers prices more than keeping them here. It’s another stupid feature of the global oil market.
There should be some type of incentive to kep it here? Maybe something to reduce the new 15% tax?
And maybe central government (and supporters) could stop treating the people who work hard to provide us with critical resources like they are pariahs? Attacking them as destroyers of planets, calling them parasites and such?
A little respect and an ask instead of a tell can go a long way.
A very smart guy once told me, “Sneaky, you can squeeze your contractors so hard you break them and we can’t operate without them.”
Maybe that concept applies here.
