- Joined
- Feb 25, 2024
Be patient nigga, the price isn't doing too bad as no bombs are being dropped on anybody as of right now, but once it gets going again, this shit will get really high.This is just not true; in relation to the tolerance of the oil prices. Any country that exports and imports must also be concerned with input costs and inflationary costs to their customers which are global as well as local. There are too many headwinds facing all countries including the USA and the rising energy costs are cutting into thinned margins. I know of no worthy enough economist that isn’t sounding the alarm on the price of oil and the consequence globally. Oil isn’t a stand alone cost; it’s an input cost to economic activity and it raises the price of just about everything.
The globe is also facing demand destruction and not just supply destruction as a consequence of what is happening. That strait needs to open in an extremely short time frame for everyone’s sake.
Oil speculators are optimistically hedging that this whole oil crisis will surely blow over when the US and Iran finally have their deal soon.
I don't think that's gonna happen.







