SammielovesEconomy retweeted
JUST IN: Brent crude oil surges at open after Saudi Arabia shuts down major pipeline following attack.
SammielovesEconomy retweeted
Oil is over $95 per barrel, despite the fact that the Trump administration has been rapidly draining the SPR to keep oil prices suppressed prior to the midterms. Imagine how much higher oil prices will be by the general election in 2028, if the SPR has been empty for over a year.
SammielovesEconomy retweeted
Upcoming diesel shortages will trigger a Covid-era like hoarding environment that will be followed by empty store shelves.
People aren't prepared for what is coming.
SammielovesEconomy retweeted
They managed to suppress the oil price...
But diesel is hitting new all-time highs.
Diesel is up 110% YTD.
Brace for inflation.
SammielovesEconomy retweeted
When oil barrels hit $147.50 in 2008, gas never got over $3.80/gallon. At this moment, gas is $78 and gas is at $4/gallon. Hmmm, something seems a bit off.
SammielovesEconomy retweeted
Hormuz is closed again, and oil is down.
It is truly remarkable how little I understand.














