Israel/Palestine

[MICHHAWK]

they like to fight.

that is a crazy @$$ part of the world. full of crazy @$$ muthaphucquers.

they like to fight.

they are 10,000 miles away. they can fight til the cows come home.

[RainbowsandUnicorns]

they like to fight.

that is a crazy @$$ part of the world. full of crazy @$$ muthaphucquers.

they like to fight.

they are 10,000 miles away. they can fight til the cows come home.

If/when the cows come home, then what?
P.S. Your math is off. Especially if you are referring to the distance between Israel/Gaza and Michigan.

[jfish26]

they like to fight.

that is a crazy @$$ part of the world. full of crazy @$$ muthaphucquers.

they like to fight.

they are 10,000 miles away. they can fight til the cows come home.

You are aware, I'm sure, that regional war in the Middle East will spike our gas prices here in the ol US of A, yes?

[jhawks99]

they like to fight.

that is a crazy @$$ part of the world. full of crazy @$$ muthaphucquers.

they like to fight.

they are 10,000 miles away. they can fight til the cows come home.

You are aware, I'm sure, that regional war in the Middle East will spike our gas prices here in the ol US of A, yes?

Good, then he can blame it on Joe.

[MICHHAWK]

we do blame it on lameduck joe. the buck stops at his beach chair.

[defixione]

I've never seen you blush with this much pride.

[jfish26]

we do blame it on lameduck joe. the buck stops at his beach chair.

Ok. So he’s supposed to let the Middle East burn, but ALSO keep gas prices down here.

[KUTradition]

is the old man yelling at clouds, again?

[jhawks99]

I got a hang nail today. Dammit, Joe in the Adirondack chair

[Sparko]

Mich living comfortably enough to wish harm on the world. A lot of slack built into his Crunchwrap Supreme.

[RainbowsandUnicorns]

Fan of him or not, and yes, way more sympathetic to the hostages than to the “innocents” killed in Gaza, but some good stuff to think about here.

https://x.com/efischberger/status/18311 ... VU3Pf5Z1GA

[dolomite]

And why would gas prices be going up? It wouldn’t be because the slightly deterred Houthis are playing with oil deliveries thru the Red Sea or would it? Thanks hesitant, timid Joe!

[KUTradition]

And why would gas prices be going up? It wouldn’t be because the slightly deterred Houthis are playing with oil deliveries thru the Red Sea or would it? Thanks hesitant, timid Joe!

are those gas shipments, or oil?

is any of that coming to the U.S.?

did the houthis do something to our refinery capacity and storage that wasn’t reported on?

thanks, ignorant dolo!

[Shirley]

It's complicated.

From Seeking Alpha:

Crude oil benchmarks failed to hold intraday gains to finish flat Thursday, maintaining their lowest levels this year, as worries about demand in the U.S. and China and an anticipated boost in supplies out of Libya offset an unexpectedly large withdrawal from U.S. crude inventories and news of a two-month delay by OPEC+ in starting to unwind production cuts.

OPEC+ said it will extend additional voluntary cuts until the beginning of December instead of starting to pare them back in October, which should stabilize prices around the low $70s, Peter Cardillo of Spartan Capital said, according to Dow Jones.

Mizuho's Robert Yawger was not impressed with the move, saying the "gasoline market would be capable of cratering crude oil even if the OPEC+ chaos was not leaning on [the] price. If you don't need the gasoline, you don't need the crude oil to make gasoline."

Meanwhile, the U.S. Energy Information Administration reported a larger than forecast 6.9M-barrel reduction in U.S. crude inventories for last week, largely the result of lower imports, while gasoline stocks rose by 800K barrels as demand declined...

[dolomite]

And why would gas prices be going up? It wouldn’t be because the slightly deterred Houthis are playing with oil deliveries thru the Red Sea or would it? Thanks hesitant, timid Joe!

are those gas shipments, or oil?

is any of that coming to the U.S.?

did the houthis do something to our refinery capacity and storage that wasn’t reported on?

thanks, ignorant dolo!

Gas prices rise when there is trouble in the Middle East because the region is a major global producer of oil, and any conflict or instability in the area can disrupt oil supply, leading to increased prices due to the basic economic principle of supply and demand; when supply decreases, prices tend to go up, especially when demand remains constant.

Econ 101 wasn’t a difficult class. Too bad you didn’t take it.

[dolomite]

https://news.usni.org/2024/09/03/houthi ... es-to-burn

This has got to stop!

[KUTradition]

It's complicated.

From Seeking Alpha:

Crude oil benchmarks failed to hold intraday gains to finish flat Thursday, maintaining their lowest levels this year, as worries about demand in the U.S. and China and an anticipated boost in supplies out of Libya offset an unexpectedly large withdrawal from U.S. crude inventories and news of a two-month delay by OPEC+ in starting to unwind production cuts.

OPEC+ said it will extend additional voluntary cuts until the beginning of December instead of starting to pare them back in October, which should stabilize prices around the low $70s, Peter Cardillo of Spartan Capital said, according to Dow Jones.

Mizuho's Robert Yawger was not impressed with the move, saying the "gasoline market would be capable of cratering crude oil even if the OPEC+ chaos was not leaning on [the] price. If you don't need the gasoline, you don't need the crude oil to make gasoline."

Meanwhile, the U.S. Energy Information Administration reported a larger than forecast 6.9M-barrel reduction in U.S. crude inventories for last week, largely the result of lower imports, while gasoline stocks rose by 800K barrels as demand declined...

but…econ 101!



(if demand is down, according to dolo costs should also be down)

[Overlander]

It's complicated.

From Seeking Alpha:

Crude oil benchmarks failed to hold intraday gains to finish flat Thursday, maintaining their lowest levels this year, as worries about demand in the U.S. and China and an anticipated boost in supplies out of Libya offset an unexpectedly large withdrawal from U.S. crude inventories and news of a two-month delay by OPEC+ in starting to unwind production cuts.

OPEC+ said it will extend additional voluntary cuts until the beginning of December instead of starting to pare them back in October, which should stabilize prices around the low $70s, Peter Cardillo of Spartan Capital said, according to Dow Jones.

Mizuho's Robert Yawger was not impressed with the move, saying the "gasoline market would be capable of cratering crude oil even if the OPEC+ chaos was not leaning on [the] price. If you don't need the gasoline, you don't need the crude oil to make gasoline."

Meanwhile, the U.S. Energy Information Administration reported a larger than forecast 6.9M-barrel reduction in U.S. crude inventories for last week, largely the result of lower imports, while gasoline stocks rose by 800K barrels as demand declined...

but…econ 101!



(if demand is down, according to dolo costs should also be down)

No way that price increases can be manufactured by oil companies using any perceived disruption to turn the thumbscrews for more profits….right?

[dolomite]

Here’s your homework Trad:
(You see, gasoline prices generally follow crude oil prices)
https://www.eia.gov/energyexplained/gas ... ations.php

[KUTradition]

Here’s your homework Trad:
(You see, gasoline prices generally follow crude oil prices)
https://www.eia.gov/energyexplained/gas ... ations.php

and why, exactly, is that the case when the U.S. produces more crude now than any country, ever?

please show your work, and connect all the dots

(your own link posits that when demand is down, prices go down…yet, that’s apparently not the case right now)

hint: there’s a man behind that curtain