Oil bust inevitable

[jmanz]

Gas went up here today. $3.45 now. Was $3.29.

 

[nodle]

https://twitter.com/x/status/1498071113951236100

 

[nodle]

 

[nodle]

 

[nodle]

https://twitter.com/username/status/1498628946061152256

 

[jmanz]

WTI over $100 again this morning.

 

[jmanz]

$102

 

[jmanz]

$103

 

[jmanz]

$104

 

[jmanz]

Hit $106. Saw something about we hit the $10 daily increase limit.

 

[jmanz]

https://oilprice.com/Energy/Crude-Oil/White-House-Quietly-Calls-On-US-Oil-Companies-To-Increase-Production.html

 

[jmanz]

Hit $112 this morning.

 

[C Pav]

Gas up 10 cents from yesterday here. Now at $3.49 for regular.

 

[nodle]

Went up .3 cents from yesterday, $3.53 now here.

 

[jmanz]

$114 tonight.

 

[nodle]

I saw something that we are still buying like 600,000 barrels from Russia? Why not just drill at home?

 

[jmanz]

[QUOTE='nodle]I saw something that we are still buying like 600,000 barrels from Russia? Why not just drill at home?
[/QUOTE]"Just buy an electric vehicle."

 

[jmanz]

More oil coming into the market by way of.........an Iran nuclear deal. Oh boy.

https://oilprice.com/Energy/Oil-Prices/Oil-Turns-Lower-On-Rumors-Of-Imminent-Iran-Nuclear-Deal.html

 

[nodle]

[QUOTE='jmanz]More oil coming into the market by way of.........an Iran nuclear deal. Oh boy.
https://oilprice.com/Energy/Oil-Prices/Oil-Turns-Lower-On-Rumors-Of-Imminent-Iran-Nuclear-Deal.html
[/QUOTE]Wait let me get this straight, we would be buying oil from Iran?

 

[jmanz]

[QUOTE='nodle]Wait let me get this straight, we would be buying oil from Iran?
[/QUOTE]We would be lifting oil sanctions off of Iran, that I believe Trump imposed. Remember the last deal with Iran when they got a boat load of cash from the Obama administration?