Posted on 09/23/2026 12:01:44 PM PDT by sopo
Take heart, we only need to wait approximately 60-days until we see a major price decline in diesel and gasoline prices in the USA. Once the midterm election is over, prices will begin their retreat with the finished collapse mid-January.
The non-pretending reality exists within a generally non-western perspective that current “market prices” are not driven by oil supplies, refining capacity or the other various justifications used by the speculators, traders and various regional spot-market control systems. The prices are being controlled in order to influence political outcomes.
Once those political influence operations are concluded, the stakeholders in the market price approach will moderate their justifications accordingly, and prices will plummet. Sound nuts? Well, let me explain who agrees.
On my side of the argument is Russian Federation President Vladimir Putin, who does happen to operate the world’s largest gasoline station – at least, according to the professional republicans. Others on my side include Chinese Chairman Xi Jinping, Saudi Crown Prince Mohammed Bin Salmon, Qatari Sheikh Tamim bin Hamad Al Thani, Turkish President Recep Erdogan and Venezuelan interim President Delcy Eloína Rodríguez Gómez.
Others who accept the reality of this position, albeit with various political limits to their ability to speak openly about such matters, include President Donald J Trump, Treasury Secretary Scott Bessent and Secretary of State Marco Rubio. Unfortunately for this aligned group they are stuck inside the largest western political system who controls global finance and world economic outcomes.
What all of these aforementioned names understand is that “market prices” are entirely detached from the archaic terminology behind supply and demand; a quaint concept that stopped applying years ago – but pretenses must be maintained or else the masses may find their pitchforks, see: DSA pitchfork suppliers.
A second subset of allies who unintentionally support this perspective, includes those who use the terms “sold at a discount” where “sold at a discount” in reality means sold outside the western market pricing approach.
How many times have you seen the term “sold at a discount” repeated when you are reading about former Venezuela oil being sold to China, or current Russian oil being sold to India?
It’s such a common term it is accepted without anyone ever asking, ‘what is this discount you speak of, and how is it applied’? No-one seems to ask that part.
We accept this terminology created by “western market pricing” advocates just as we accepted the term “service driven economy” in the era before Donald Trump.
The reality is that ‘western market prices’ are not an outcome of supply, demand or even availability or production capacity. Western market prices are determined by speculators, traders and regional benchmarks created by “independent agencies." Remember those pesky housing loan bond rating agencies, Standard and Poor’s and/or Moody’s during the lead-in to the 2008 financial crisis. That type of rating ‘independence’ is akin to the benchmarks of these regional independent agencies within the energy markets; which is to say, they are not independent at all – they are part of the manipulated western financial system that determines ‘market pricing’.
Behind that curtain are the traders, speculators, ideological banks and financial systems who create the finance system for the energy market. Want to stop oil exploitation, change the lending requirements to favor windmills and solar panels etc. Not coincidentally changing these lending rules and regulations was Mark Carney’s former job. Does that sound like an open market approach?
Thus, when you really understand how this pricing is structured you begin to realize the price of diesel has nothing to do with the supply of it and the price is more controlled by those who wish to generate financial -or political- outcomes from it.
You don’t have to take my word for it, review the words of the world’s largest oil/gas producer about this rigged game. {SEE HERE} Wouldn’t Vladimir Putin be the subject matter expert?
“How, in fact, is the price of gas formed on the European exchanges? It is not determined by producers, but by exchange traders.” In essence, right now “the west”, specifically Americans, are paying fuel costs based on market commodity prices. The most recent examples are oil, LNG and now the headline leading, diesel fuel. However, the actual supply of diesel fuel is not driving the price. The price is being driven by speculation and trading, which is based on arbitrary price formulas created by western multinational corporations and financial markets.
Right now, Russia is overproducing diesel fuel, and shipping it out of the country to allies. Yet diesel prices in the west are determined by commodity traders, and the pricing mechanism is disconnected from the supply. {SEE HERE}
This is why Secretary Bessent essentially said yesterday, he was “evaluating” calls for a U.S. export ban on diesel. Bessent knows it makes no sense to halt U.S. exports of diesel fuel, because (a) the US has no ability to store it, and (b) if we produce more than we can store, that doesn’t lower the USA price.
Our US diesel supply doesn’t lower the US diesel price because the price is set by market traders, by the western financial markets, not by production or supply. There is a disconnect. It’s the same reason why Oranges grown in Florida cost the same as Oranges shipped into Minnesota. Local supply does not determine local price; the rigged commodity market does.
The USA could be swimming in diesel fuel and yet the price at the pump remains $6/gal.
Ironically, or not, Sylvain Charlebois, a Canadian describing the potash issue, exposed the western price manipulation in this article {SEE HERE} when ultimately, he asks, ‘how can Belarus sell potash so cheap’, and ‘Belarus could put pressure on Canadian potash prices’.
If Potash pricing is determined by western market commodity prices, then how can America get a cheaper fertilizer product for their farmers by buying from Belarus? The answer is in the part of the conversation they don’t want us to have.
Belarus can ship the product far cheaper to the USA because Belarus doesn’t need to participate in the “western commodity” pricing structure. Belarus can increase production and sell at a price they determine, exactly like Russia.
Apply this level of potash thinking to oil, gas or diesel fuel, and you realize what BRICS have been arguing about western price manipulation. Suddenly the price is not attached to supply, demand or production capacity, but is really connected to an elite rigged game of market price controls.
The price of USA gasoline and diesel will drop as soon as the event behind the price control is concluded.
That event is the USA midterm election.
Oh, criminy, why expose your ignorance for all the world to see?
The “notorious City of London” has got nothing to do with oil prices. Or any other commodity prices.
The top traders are Vitol (Netherlands,) Trafigura (Singapore,) Gunvor (Cyprus/Geneva,) Castleton Commodities International (Stamford, Connecticut,) and a bunch of other names you never heard of.
The market for petroleum is over six TRILLION dollars. Short of a cartel like OPEC in its long-ago prime, it’s too big to be manipulated.
I got lost in his poem ....
Why are you trying to make this personal?
Makes you look dishonest.
OPEC was started by the same globalists.
The Secretariat of OPEC started out in Geneva, Switzerland and then moved to Viena, Austria.
https://www.opec.org/opec-secretariat.html
The globalists of Europe have controlled world oil prices for more than half a century.
Thanks for reporting a widely known fact.
What’s that got to do with the price of tea in China?
It’s sad to see people throw around the term “globalist” about things beyond their comprehension. It’s like when early human created sky gods to explain thunder.
You started with claiming the City of London doesn’t control oil prices.
Now you’ve switched to claiming globalism doesn’t exist.
But you ignore the fact that Trump constantly speaks against globalism.
Why does Trump say things like “It’s me against the globalists?”
But the real question is: When will the globalists be willing to pick up their IQ score, located in the box on the wall just outside the classroom?
It’s not a great source but 100 percent true.
There is a market manipulation going on to force maximum political pressure against trump and for enemies like Iran.
Undoubtedly there are globalist writers, intellectuals, and academics.
[I have idea where your fixation on the City of London comes from. Maybe a Saxe Rohmer novel.]
Do they control the markets in brent crude, hog bellies, cobalt hydroxide, or palladium? Seriously??
President Trump to my knowledge has never blamed gasoline prices (currently $4.47 nationally) on an insidious globalist cartel. Feel free to correct me, but even if he did, he’d be wrong.
Good summary, but his puchline is what happens next, to collapse oil prices to drive exploration out, bring on windmills
Good summary, but his puchline is what happens next, to collapse oil prices to drive exploration out, bring on windmills
What are NYME Heating oil futures priced at?
That is how your oil delivery company typically offers those fixed pricing. The only other way is to actually buy the oil in the summer when it is cheaper and store it until next Dec-March.
Most oil companies do not have the money or storage capacity to do the later. So, the only way to price lock is to buy the contracts monthly to cover what you have sold.
Here is the link to the contract pricing:
https://www.cmegroup.com/markets/energy/refined-products/heating-oil.quotes.html
The pricing is per gallon delivered to New York Harbor. Your oil company should know the adder per gallon to get to your general area. What is curious is the front months are trading at a premium to the winter months. This is not Normal. Typically January is the peak demand/usage/price for heating oil. The market perceives it is going to go down after a high in October.
I am in NH. Right on the MA border. I used to do this with a local heating oil company. I would get a group of people together and we would all commit to buy all our oil from that company on a locked in price. I do not recall what the adder to my area. I would guess it is about $.30. Plus, the oil delivery company needs to a profit.
You can’t say a lot of EU politics throughout Ukraine war hasn’t revolved around Russian oil supplies (Nordstream ppeline for one, Ukraines recent drone blitz of refineries), and you can’t say a lot of that in the longer term isn’t driven by the climatist program, which is Economic Forum , EU, London capital markets. You repeat what Sundance constantly says, there are trillions at stake
I’m not talking about writers.
It’s the bankers.
The City of London is separate from London proper. Different mayor. And it is the banking center.
Formally, it’s called the City of London Corporation. It was started by William the Conqueror in the 11th century. There is much secrecy and even questions about certain privileges granted to certain individuals.
They are the banking cartel and until very recently, they controlled the world. And they can’t stop what’s coming.
Criminy, I already gave you the list of the biggest trading houses in the world, none of which are located in the UK.
You seem to have read too many Dan Brown novels and to have mistaken them for nonfiction.
I truly don’t care about the William the Conqueror, Knights Templar, the Order of the Garter, the Rothschilds, Henry of Bolingbroke, Oliver Cromwell, Lady Godiva, or Iggy Pop. None of the ever played the market in petroleum, much less manipulated it.
I guessed wrongly on where Sundance would go with this, he’s against an export ban.
Don’t be fooled, Muslim countries like Saudi Arabia, UAE, Qatar, Kuwait, Oman are all getting richer with higher crude prices.
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