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Traders Are Betting On $100 Oil Following Texas Freeze
OilPrice.com ^ | February 24, 2021

Posted on 02/24/2021 2:55:18 PM PST by AAABEST

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To: Dogbert41

I think you’re possibly correct on the food. Gas could hit $4 easily, under Chairman Jao Bai din.

As for the other............


41 posted on 02/24/2021 5:15:03 PM PST by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: Dogbert41

On the food, I see runs like early last year as possible. I had posted a list of things on a thread a week ago or so. What happened March of last year.


42 posted on 02/24/2021 5:17:29 PM PST by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: neodad

Right before GWB left office, I was paying an average of $1.70 a gallon for gas. After Obozo took office, gas rose to $3.70 a gallon here in the Houston area.

How can these people not realize the financial impact on the poor/middle class. Oil, if I remember correctly rose to $130 dollars a barrel.


43 posted on 02/24/2021 5:32:15 PM PST by servantboy777
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To: Dogbert41

>>Combined with the coming super inflation, gas will be over $12 a gallon by summer. Food will be scarce. Politicians will be living inside barbed wire with hundreds of thousands of troops guarding them.<<

Kind of a stretch. lol


44 posted on 02/24/2021 5:33:37 PM PST by servantboy777
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To: SaxxonWoods

“ “I use 90oct ethanol-free has in my Jeep Grand Cherokee HEMI V8”

I really want to try one of those. Is that the Hellcat motor and what do you think of the entire package?”

Butting in here, excuse me.

I don’t know about the Hellcat designation, but mine has plenty of git up & go. I pull a small trailer like it isn’t there. Merges nicely.

Even with city and short distance driving I average 15 mpg or so, which for a V8 Hemi ain’t bad.


45 posted on 02/24/2021 5:34:04 PM PST by jdsteel ("A Republic, Madam, if you can keep it." Sorry Ben, looks like we blew it.)
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To: The Toll; AAABEST

“No one has been driving for a year.”

This is about Jet Fuel, and ability to increase oil production swiftly. Many seem to think a switch can be hit and product will flow everywhere. Not going to be that easy this time.

It’s weird how people think when gas is at a ridiculously low price due to temporary oversupply caused by something or things unusual, that’s the “normal” price and anything higher is “high priced”.


46 posted on 02/24/2021 5:44:39 PM PST by SaxxonWoods (The Republican Party is dead. Long live the MAGA Party.)
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To: jdsteel

“I don’t know about the Hellcat designation, but mine has plenty of git up & go. I pull a small trailer like it isn’t there. Merges nicely.”

I didn’t know GCs came with a Hemi that was not the Hellcat.
Thanks for letting me know because that could be a great car without the extra expense (and gas guzzler tax) for the Grand Cherokee TrackHawk.

https://www.caranddriver.com/jeep/grand-cherokee-trackhawk

It has the Hellcat motor which is a supercharged HEMI with 707 little horses. 0-60 in 3.9 sec according to the factory but Test Drivers say it will cut a 3.5.

I need a car that will do that. I think they will be collector items too.


47 posted on 02/24/2021 5:52:15 PM PST by SaxxonWoods (The Republican Party is dead. Long live the MAGA Party.)
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To: AAABEST

Time to think about people and stop the nonsense about saving the environment. God will take care of that.


48 posted on 02/24/2021 6:18:52 PM PST by mulligan (an En bbnnEeThe to)
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To: SaxxonWoods

I see.

Mine is a 2016, and I run it on regular gas. It’s a runner. On the open road at 75 it feels like it’s not even trying....and the mpg gets up to about 18. Great road car.

And the hydraulics (3 heights) come in handy when driving on the beach. We rented a house at OBX, 40 minute drive on the sand...lots of fun to get there!


49 posted on 02/24/2021 6:45:06 PM PST by jdsteel ("A Republic, Madam, if you can keep it." Sorry Ben, looks like we blew it.)
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To: hoe_cake

I do, and I’m not a dumbf*ck, either. We’re all getting f*cked.


50 posted on 02/24/2021 7:00:30 PM PST by Carriage Hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
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To: nascarnation

It’s going to be an increasingly lonely world moving on. Might not seem like it with 7 billion people, but I mean where I use to live was 300 people per square mile. The small town I am in now is something like 50 per square mile. The United States is one huge open land of nothing outside Compton, as an example.


51 posted on 02/25/2021 2:19:09 PM PST by Sam Gamgee
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To: Dusty Road

I’m guessing doing to political actions of this administration? I wasn’t thinking about that, but we could even see wars in the middle east.


52 posted on 02/25/2021 2:19:58 PM PST by Sam Gamgee
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To: Sam Gamgee

Of course if you have access to trees, a cheap wood stove and a chainsaw or two will keep you in good stead as a winter backup.


53 posted on 02/25/2021 2:23:14 PM PST by nascarnation
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To: nascarnation

Yes for sure. It’s going to be a strange world going forward. My children I believe will be less prosperous than myself.


54 posted on 02/25/2021 2:31:07 PM PST by Sam Gamgee
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To: Sam Gamgee

Yeah, I think the future for a lot of young people is trades.
Had my septic pumped today, that guy is making a LOT of money.
He said he wants to expand his biz, buy another truck, they can’t find anybody to hire, need Coml drivers license, Hazmat license, and work outside all year around.


55 posted on 02/25/2021 2:35:00 PM PST by nascarnation
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To: AAABEST

Biden giving kickbacks to Iran and Vladimir Putin...


56 posted on 02/25/2021 3:45:01 PM PST by Thunder90 (All posts soley represent my own opinion.)
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To: AAABEST

Isn’t it price gouging to exploit shortages in an emergency and run up prices?


57 posted on 02/26/2021 6:09:27 AM PST by a fool in paradise (Lean on Joe Biden to follow Donald Trump's example and donate his annual salary to charity. )
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To: nascarnation

Yes we had to find someone somebody knew from church who does renos on the side to do our bathroom and a bedroom. He didn’t do the greatest job in the world sadly and cost us lots.


58 posted on 02/26/2021 2:17:47 PM PST by Sam Gamgee
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To: AdmSmith; AnonymousConservative; Arthur Wildfire! March; Berosus; Bockscar; cardinal4; ColdOne; ...

This topic was posted 2/24, I don’t think this addition warrants a separate new topic:

[snip] Texas Freeze Litigation Mounts — Market Talk

Today 10:09 AM ET

1009 ET - Some of the world’s largest energy companies have filed dozens of lawsuits related to natural-gas contracts after prices skyrocketed during the February freeze that cut power for millions of Texans. Billions of dollars are collectively on the line as companies argue over who should pay the gas bill. The bulk of the suits are in Texas courts and involve some of the world’s largest energy companies and traders, including Exxon, Koch Industries, BP and Vitol.

(Christopher.matthews@wsj.com; @cmatthews9)

(END) Dow Jones Newswires

April 05, 2021 10:09 ET (14:09 GMT) [/snip]


59 posted on 04/05/2021 10:36:14 AM PDT by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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