WTI over $70 dollars a barrel

5,325 Views | 55 Replies | Last: 15 hrs ago by aggiedata
WolfCall
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2040huck said:

Honestly, this is where we need to be if you are from Texas

Love it! Exxon stockholder here. XOM at $154 and change!
Agfencer98
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AG
BenFiasco14 said:

About to be a bunch of new lifted up Raptors in the valet line at Lake Charles

I just hope they come to my casino. I could use some more bonus with a good year!
HoustonAggie11
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So Iran has no Navy now but prices still spike over what exactly? Has Hormuz been shut down?
Logos Stick
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Why do posters keep saying that?

They have a navy. They don't rely on blue water equipment. They rely on asymmetric warfare. They can deploy mines if they choose. They still have that capability.

Many insurers are refusing to insure vessels that go through there, so it's effectively been reduced if not shutdown.
AxelFoley85
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Spoiler alert - nobody from the Middle East is ever getting liberated as long as Islam is the dominant religion.
No Spin Ag
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AxelFoley85 said:

Spoiler alert - nobody from the Middle East is ever getting liberated as long as Islam is the dominant religion.


It's all relative to them, I'm sure.
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
CanyonAg77
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No Spin Ag said:

Gas went up sixty cents overnight.

Does anyone know if this is the only jump or if we should expect more to come?

The panic price up here at the DEW line is diesel jumped from 3.09 to 3.59 overnight.
Jason C.
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The Collective said:

BenFiasco14 said:

About to be a bunch of new lifted up Raptors in the valet line at Lake Charles


I need a used Polaris Ranger in about 12-18 months.


Just take over mah payments please
WestTexasAg
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2040huck said:

nortex97 said:

2040huck said:

Honestly, this is where we need to be if you are from Texas

And Obama is surely pleased, right?

I assume democrats are celebrating this news.

Not sure what you are trying to say. I assume most people, Dem or GOP dont want higher gas prices. Don't know, and dont care how it affects the politics. I just know that from my personal interests, higher oil prices are a good thing, up to a point. I think $70-75 is the sweet point for Texas interests

$70 - $75 is about right.
samurai_science
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AxelFoley85 said:

Spoiler alert - nobody from the Middle East is ever getting liberated as long as Islam is the dominant religion.

They had Islam in Iran before the current regime.
Heisenberg01
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HoustonAggie11 said:

So Iran has no Navy now but prices still spike over what exactly? Has Hormuz been shut down?

Lords of London nor anyone else for that matter will insure the shipping vessels. The companies themselves don't want to take the risk of having a tanker on fire or sunk. You don't need a navy to hit a tanker with a rocket or drone strike.
AgDad121619
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No Spin Ag said:

Gas went up sixty cents overnight.

Does anyone know if this is the only jump or if we should expect more to come?
im always fascinated by the how immediate the pass through is - no way the gas at the pump was refined at $70/ bbl. Is there a state law tied to current crude price that sets the prices that can be charged? Serious question because all of the competing gas stations can't all change essentially the same amount without there being an index tied to to it.
tamc93
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I should have filled up last night...diesel + $0.50 and I was on empty.

Frustrating since it always spikes, but rarely falls as quickly.

Flip side...Texas could be back in a boom if this lasts awhile.
Reginald Cousins
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S
Logos Stick said:

Why do posters keep saying that?

They have a navy. They don't rely on blue water equipment. They rely on asymmetric warfare. They can deploy mines if they choose. They still have that capability.

Many insurers are refusing to insure vessels that go through there, so it's effectively been reduced if not shutdown.

They don't anymore.
sts7049
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if your budget can't stomach a 10 dollar difference filling up your tank every week or two you need to be relooking at your finances
DonHenley
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Gas went up 30 cents in one day. Not going to be a good look for mid terms if this drags on and gas is $3.50 in places like Texas. Higher gas prices certainly don't help the economy. Didn't Trump take out Maduro so the US would have access to Venezuela's oil?
DukeMu
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Good for my pay. Sucks for everyone else.

I warned you all for years about long-time NYC Dem. and transactional grifter DJT. He's a macroeconomic buffoon and strategic geopolitical and military toddler.
samurai_science
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DukeMu said:

Good for my pay. Sucks for everyone else.

I warned you all for years about long-time NYC Dem. and transactional grifter DJT. He's a macroeconomic buffoon and strategic geopolitical and military toddler.


Mark this post for future mocking
MAROON
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HoustonAggie11 said:

So Iran has no Navy now but prices still spike over what exactly? Has Hormuz been shut down?

yes its basically shut down right now. The majority of that oil goes to Asia (China). It's shut down because London insurance brokers have told their shippers they can't move through there. No insurance no shipping.
What do you boys want for breakfast BBQ ?.....OK Chili.
itsyourboypookie
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Buccees in Hillsboro diesel prices up $.70 a gallon from this morning at 5 am till now
aggiedata
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