94chem said:

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Who had "we need to hurry up and lose this war so gas prices will come down" on their bingo card at the start of the year?

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I dunno. I hate how we lost WWI and WWII. It sucks to always be losing.

aggiehawg said:

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Gas prices go up like a rocket but come down like a feather, is the old saying.

And that is just because of the nature of the business. They can't come down as fast because there are already sunk costs for past and short term future contracts for delivery. A lot can be determined by the volume and turnover rate. The higher the volume for stations, the quicker they can come down as inventory is turned over.

There's no magic there. Pretty simple really.

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It's amazing how many people don't understand that oil is a commodity.

It has to be collected, transported, delivered, refined, collected again, and shipped and delivered again before it hits your local gas station.

The product you are putting in your tank was not purchased the same day you are putting it in your tank.

4 said:

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aggiehawg said:

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Gas prices go up like a rocket but come down like a feather, is the old saying.

And that is just because of the nature of the business. They can't come down as fast because there are already sunk costs for past and short term future contracts for delivery. A lot can be determined by the volume and turnover rate. The higher the volume for stations, the quicker they can come down as inventory is turned over.

There's no magic there. Pretty simple really.

---

It's amazing how many people don't understand that oil is a commodity.

It has to be collected, transported, delivered, refined, collected again, and shipped and delivered again before it hits your local gas station.

The product you are putting in your tank was not purchased the same day you are putting it in your tank.

---

When there is a hurricane in the Gulf, I always top off our propane tanks because I know the prices will probably rise at some point soon. My neighbor at the lake was amazed I could "predict" when prices would rise because of a hurricane in the Gulf. Well, d'uh.

4 said:

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WTI down another 5% at $77

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Trump!

The price of gas is an odd data point to me to focus on. Is it a proxy for inflation overall? Probably. It's easy to point to but honestly, the increase in the cost of housing is the biggest spend problem for most households. Rent.

But the REAL problem is the spend and debt crisis and the cliff we're headed towards. This is the existential threat.

Everything else is bs.

Both parties are guilty of incredible irresponsibility having done irreparable harm.

flown-the-coop said:

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94chem said:

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Who had "we need to hurry up and lose this war so gas prices will come down" on their bingo card at the start of the year?

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I dunno. I hate how we lost WWI and WWII. It sucks to always be losing.

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Although the US did not win WWI, they were undoubtedly huge beneficiaries of the outcome. There were no other winners. As for WWII, I'm not sure what you mean. Unconditional surrender of both enemies seems like a win.

GenericAggie said:

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The price of gas is an odd data point to me to focus on. Is it a proxy for inflation overall? Probably. It's easy to point to but honestly, the increase in the cost of housing is the biggest spend problem for most households. Rent.

But the REAL problem is the spend and debt crisis and the cliff we're headed towards. This is the existential threat.

Everything else is bs.

Both parties are guilty of incredible irresponsibility having done irreparable harm.

---

Of course you are correct. High gas prices are actually a good thing. There is nothing outrageous or unsustainable about $4 gas.

4 said:

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WTI down another 5% at $77

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At this pace, how long before we're back to pre-war prices at the pump?

If it took a couple of months to get so high, any chance it'll only take that long to get back down?

Is this a real response? I don't think $4 gas is a good thing. But the diff between 2-4 dollar gas for me is 40 a week, 160 a month.

2 bedroom apartments have increased: From roughly $1,250 in 2020 to ~$1,850$1,930 today, that's an increase of about $600$680/month, or roughly 4855% over six years.

WTI trading at $76 right now, just above where we were before the conflict started.

GenericAggie said:

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Is this a real response? I don't think $4 gas is a good thing. But the diff between 2-4 dollar gas for me is 40 a week, 160 a month.

2 bedroom apartments have increased: From roughly $1,250 in 2020 to ~$1,850$1,930 today, that's an increase of about $600$680/month, or roughly 4855% over six years.

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Understood, but when XOM was making record profits, oil was around $100/barrel. Are you a capitalist or not?

Will Iran be selling oil Sanction free when the MOU is signed ?

GenericAggie said:

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Is this a real response? I don't think $4 gas is a good thing. But the diff between 2-4 dollar gas for me is 40 a week, 160 a month.

2 bedroom apartments have increased: From roughly $1,250 in 2020 to ~$1,850$1,930 today, that's an increase of about $600$680/month, or roughly 4855% over six years.

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Everything in the world is moved by ship, train, plane, and truck. When fuel is up, so are prices for everything.

No Spin Ag said:

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BusterAg said:

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No Spin Ag said:

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techno-ag said:

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BREAKING: President Trump says the deal with Iran is “now complete.”

“I hereby fully authorize the toll free opening of the Strait of Hormuz… let the oil flow,” Trump says. pic.twitter.com/ekg15g5uqQ

— The Kobeissi Letter (@KobeissiLetter) June 14, 2026

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I haven't paid much attention to this, but does this mean the regime is changed in Iran, the people are free, and Iran no longer has any materials that could be used to make nukes?

Or is this just something to get gas prices down before the 4th and help with the midterms?

Note: Never knocking prices going down, but unless the things I mentioned are done, nothings really "gotten better" unless we call prices going back down to where they already were before the MIC got fill out tax payers money and Politicians and people close to them who've made money off this war so far.

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Iran can no longer hold the ME hostage with the huge armament of ballistic missiles that is was stockpiling so that it could use them as a deterrent while it worked on nukes.

Is that "nothing" in your mind?

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Is that "nothing?" No.

Is that all that Trump said was the reason he invaded? Also, no.

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Was the primary reason. Marco Rubio gave for the attack, with regime change as a nice to have. Check Rubios comments to the press at the beginning of this thing.

https://www.state.gov/releases/office-of-the-spokesperson/2026/03/secretary-of-state-marco-rubio-remarks-to-press-6

No Spin Ag said:

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4 said:

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WTI down another 5% at $77

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At this pace, how long before we're back to pre-war prices at the pump?

If it took a couple of months to get so high, any chance it'll only take that long to get back down?

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With all the backlogged supply that will hit the market at the same time when the GOH fully opens, it will be back at 60-65 in the blink of an eye.

2 or 3 trading sessions

BusterAg said:

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No Spin Ag said:

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BusterAg said:

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No Spin Ag said:

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techno-ag said:

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BREAKING: President Trump says the deal with Iran is “now complete.”

“I hereby fully authorize the toll free opening of the Strait of Hormuz… let the oil flow,” Trump says. pic.twitter.com/ekg15g5uqQ

— The Kobeissi Letter (@KobeissiLetter) June 14, 2026

---

I haven't paid much attention to this, but does this mean the regime is changed in Iran, the people are free, and Iran no longer has any materials that could be used to make nukes?

Or is this just something to get gas prices down before the 4th and help with the midterms?

Note: Never knocking prices going down, but unless the things I mentioned are done, nothings really "gotten better" unless we call prices going back down to where they already were before the MIC got fill out tax payers money and Politicians and people close to them who've made money off this war so far.

---

Iran can no longer hold the ME hostage with the huge armament of ballistic missiles that is was stockpiling so that it could use them as a deterrent while it worked on nukes.

Is that "nothing" in your mind?

---

Is that "nothing?" No.

Is that all that Trump said was the reason he invaded? Also, no.

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Was the primary reason. Marco Rubio gave for the attack, with regime change as a nice to have. Check Rubios comments to the press at the beginning of this thing.

https://www.state.gov/releases/office-of-the-spokesperson/2026/03/secretary-of-state-marco-rubio-remarks-to-press-6

---

Good read. True words. Not Trump's words. Not the full reason. Not all that Trump has been "Iran can have no nukes ever! " "America is coming Iranians!" "MIGA!" Etc etc

So was Trump lying this entire time? Was he only telling America one thing knowing full well he'd accept less than what he was telling Americans?

I mean, that would make sense seeing as how all of a sudden a deal is getting made so that has prices will really start to go down by the 4th and in time for the mid terms. Coincidentally, sure, but even i said as much, last week.

Regardless, for the past few months Trump's actions put the entire world in a spot, that in the end was supposed to bring about a radically different Iran.

I know the MIC loved the war, and now that they get to make money off replenishing everything that's been used, they'll be fine until the need pro war (i.e. MIC president comes along) but other than that, did anything change if all that's getting done of what Marco said?

I really hope what Trump tells us on Friday, and what eventually ends up happening when all is said and done with Trump and Iran is what Trump told Americans in the beginning and pretty much every day since, because if not, well that's just sad, bordering on pathetic, on so many levels.

94chem said:

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GenericAggie said:

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Is this a real response? I don't think $4 gas is a good thing. But the diff between 2-4 dollar gas for me is 40 a week, 160 a month.

2 bedroom apartments have increased: From roughly $1,250 in 2020 to ~$1,850$1,930 today, that's an increase of about $600$680/month, or roughly 4855% over six years.

---

Understood, but when XOM was making record profits, oil was around $100/barrel. Are you a capitalist or not?

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Of course I am. My response has nothing to do with capitalism. This is about 6T of wasted money equating to inflation that will haunt us for the next 10 years. Add in out of control spending and debt that's crippling our economy and there's the problem.

GenericAggie said:

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94chem said:

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GenericAggie said:

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Is this a real response? I don't think $4 gas is a good thing. But the diff between 2-4 dollar gas for me is 40 a week, 160 a month.

2 bedroom apartments have increased: From roughly $1,250 in 2020 to ~$1,850$1,930 today, that's an increase of about $600$680/month, or roughly 4855% over six years.

---

Understood, but when XOM was making record profits, oil was around $100/barrel. Are you a capitalist or not?

---

Of course I am. My response has nothing to do with capitalism. This is about 6T of wasted money equating to inflation that will haunt us for the next 10 years. Add in out of control spending and debt that's crippling our economy and there's the problem.

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Right, but $4 gas ain't the problem. Moving 6 people 20 miles for $4 is a good deal. It's everything else that's out of whack.

94chem said:

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GenericAggie said:

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94chem said:

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GenericAggie said:

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Is this a real response? I don't think $4 gas is a good thing. But the diff between 2-4 dollar gas for me is 40 a week, 160 a month.

2 bedroom apartments have increased: From roughly $1,250 in 2020 to ~$1,850$1,930 today, that's an increase of about $600$680/month, or roughly 4855% over six years.

---

Understood, but when XOM was making record profits, oil was around $100/barrel. Are you a capitalist or not?

---

Of course I am. My response has nothing to do with capitalism. This is about 6T of wasted money equating to inflation that will haunt us for the next 10 years. Add in out of control spending and debt that's crippling our economy and there's the problem.

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Right, but $4 gas ain't the problem. Moving 6 people 20 miles for $4 is a good deal. It's everything else that's out of whack.

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I said it's an interesting thing to focus us when there are much more to this problem.

Get to your point. You're really wasting time here.

GenericAggie said:

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Is this a real response? I don't think $4 gas is a good thing. But the diff between 2-4 dollar gas for me is 40 a week, 160 a month.

2 bedroom apartments have increased: From roughly $1,250 in 2020 to ~$1,850$1,930 today, that's an increase of about $600$680/month, or roughly 4855% over six years.

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4855% seems pretty high...

Isn't Trump emptying the strategic petroleum reserve just like Biden did to lower gas prices?

Old McDonald said:

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fc2112 said:

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Old McDonald said:

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still 40% higher than 2/27 btw

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You don't have to lie.

Average price of gas in Texas was $2.70 on 2/27 per google.

$3.09 is 14% higher.

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this is fake news, per eia data texas average was 2.57 the week of 2/23 and 3.67 the week of 6/8, so 43% higher

but don't take my word for it

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Don't gas prices go up every summer. Try comparing current gas prices to those during same time for last 8 years and I suspect they will look pretty good.

Logos Stick said:

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WTI trading at $76 right now, just above where we were before the conflict started.

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Trump did it! That's awesome.

WTI down another 3% today at 74.50

4 said:

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WTI down another 3% today at 74.50

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Just $7.48 more to go down and it'll be right where it was the day before Trump attacked Iran.

And about $1.50 more to go down at the pump too.

Soon we'll be right back where we started.

But, at least Iran and the MIC made out like bandits in the end, all while oil and prices at the pumps were high for the entire world.

No Spin Ag said:

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4 said:

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WTI down another 3% today at 74.50

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Just $7.48 more to go down and it'll be right where it was the day before Trump attacked Iran.

And about $1.50 more to go down at the pump too.

Soon we'll be right back where we started.

But, at least Iran and the MIC made out like bandits in the end, all while oil and prices at the pumps were high for the entire world.

---

You forgot again about the part where we obliterated Iran's ballistic missile capabilities.

Do you think that Iran with zero ballistic missile capabilities and Iran with enough missile capability to overpower the US anti-ballistic missile system is "right back where we started"?

No Spin Ag said:

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4 said:

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WTI down another 3% today at 74.50

---

Just $7.48 more to go down and it'll be right where it was the day before Trump attacked Iran.

And about $1.50 more to go down at the pump too.

Soon we'll be right back where we started.

But, at least Iran and the MIC made out like bandits in the end, all while oil and prices at the pumps were high for the entire world.

---

Good Trump.

And if losing their infrastructure, their navy, and their hold on the Strait of Hormuz is making out like bandits I hope that continues.

At least Iran's Navy doesn't have to worry about the price of diesel

BusterAg said:

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No Spin Ag said:

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4 said:

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WTI down another 3% today at 74.50

---

Just $7.48 more to go down and it'll be right where it was the day before Trump attacked Iran.

And about $1.50 more to go down at the pump too.

Soon we'll be right back where we started.

But, at least Iran and the MIC made out like bandits in the end, all while oil and prices at the pumps were high for the entire world.

---

You forgot again about the part where we obliterated Iran's ballistic missile capabilities.

Do you think that Iran with zero ballistic missile capabilities and Iran with enough missile capability to overpower the US anti-ballistic missile system is "right back where we started"?

---

I think Iran isn't in such a bad shape that they don't already know they're getting the better end of this deal for now and I'm the near future until Trump is gone from office.


I mean, do you really think Iran is in a worse place for long ifthey placate Trump until he's out of office? Do you really think those in charge are sad at the deal?

4 said:

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At least Iran's Navy doesn't have to worry about the price of diesel

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It's the little things.

My sister (sorry, no pics) says she got gas for $2.88 in NE San Antonio. this morning.

No Spin Ag said:

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BusterAg said:

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No Spin Ag said:

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4 said:

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WTI down another 3% today at 74.50

---

Just $7.48 more to go down and it'll be right where it was the day before Trump attacked Iran.

And about $1.50 more to go down at the pump too.

Soon we'll be right back where we started.

But, at least Iran and the MIC made out like bandits in the end, all while oil and prices at the pumps were high for the entire world.

---

You forgot again about the part where we obliterated Iran's ballistic missile capabilities.

Do you think that Iran with zero ballistic missile capabilities and Iran with enough missile capability to overpower the US anti-ballistic missile system is "right back where we started"?

---

I think Iran isn't in such a bad shape that they don't already know they're getting the better end of this deal for now and I'm the near future until Trump is gone from office.


I mean, do you really think Iran is in a worse place for long ifthey placate Trump until he's out of office? Do you really think those in charge are sad at the deal?

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You mean the ones that are still alive?

No Spin Ag said:

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BusterAg said:

---

No Spin Ag said:

---

4 said:

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WTI down another 3% today at 74.50

---

Just $7.48 more to go down and it'll be right where it was the day before Trump attacked Iran.

And about $1.50 more to go down at the pump too.

Soon we'll be right back where we started.

But, at least Iran and the MIC made out like bandits in the end, all while oil and prices at the pumps were high for the entire world.

---

You forgot again about the part where we obliterated Iran's ballistic missile capabilities.

Do you think that Iran with zero ballistic missile capabilities and Iran with enough missile capability to overpower the US anti-ballistic missile system is "right back where we started"?

---

I think Iran isn't in such a bad shape that they don't already know they're getting the better end of this deal for now and I'm the near future until Trump is gone from office.


I mean, do you really think Iran is in a worse place for long ifthey placate Trump until he's out of office? Do you really think those in charge are sad at the deal?

---

The ones that are still alive are very much thrilled to make this deal now. Otherwise they would continue to hide in a bunker from the US and their own people.

Does anyone think they would have taken this deal before military action? Zero chance.

Yesterday said:

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No Spin Ag said:

---

BusterAg said:

---

No Spin Ag said:

---

4 said:

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WTI down another 3% today at 74.50

---

Just $7.48 more to go down and it'll be right where it was the day before Trump attacked Iran.

And about $1.50 more to go down at the pump too.

Soon we'll be right back where we started.

But, at least Iran and the MIC made out like bandits in the end, all while oil and prices at the pumps were high for the entire world.

---

You forgot again about the part where we obliterated Iran's ballistic missile capabilities.

Do you think that Iran with zero ballistic missile capabilities and Iran with enough missile capability to overpower the US anti-ballistic missile system is "right back where we started"?

---

I think Iran isn't in such a bad shape that they don't already know they're getting the better end of this deal for now and I'm the near future until Trump is gone from office.


I mean, do you really think Iran is in a worse place for long ifthey placate Trump until he's out of office? Do you really think those in charge are sad at the deal?

---

The ones that are still alive are very much thrilled to make this deal now. Otherwise they would continue to hide in a bunker from the US and their own people.

Does anyone think they would have taken this deal before military action? Zero chance.

---

For $300 billion payout, who wouldn't take the deal.

Hell, bomb the eff out of my place then give me money to make it better than it was, I'll take it.

No Spin Ag said:

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BusterAg said:

---

No Spin Ag said:

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4 said:

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WTI down another 3% today at 74.50

---

Just $7.48 more to go down and it'll be right where it was the day before Trump attacked Iran.

And about $1.50 more to go down at the pump too.

Soon we'll be right back where we started.

But, at least Iran and the MIC made out like bandits in the end, all while oil and prices at the pumps were high for the entire world.

---

You forgot again about the part where we obliterated Iran's ballistic missile capabilities.

Do you think that Iran with zero ballistic missile capabilities and Iran with enough missile capability to overpower the US anti-ballistic missile system is "right back where we started"?

---

I think Iran isn't in such a bad shape that they don't already know they're getting the better end of this deal for now and I'm the near future until Trump is gone from office.


I mean, do you really think Iran is in a worse place for long ifthey placate Trump until he's out of office? Do you really think those in charge are sad at the deal?

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They are much, much sadder than they were on January 21st, 2026, because most of them are dead, and the ones that are alive know that their nuke program has been kicked down the road for at least a decade.