You can see exactly when the Buyers showed up, four weeks ago...
And, a 7.22% dividend. Well done, SaxxonWoods!
Posted on 04/03/2025 8:44:07 AM PDT by zeestephen
---Down 7.35% as I post this--- Eight key OPEC+ producers on Thuesday agreed to raise combined crude oil output by 411,000 barrels per day, speeding up the pace of their scheduled hikes and pushing down oil prices...The group was widely expected to implement an increase of just under 140,000 barrels per day next month.
(Excerpt) Read more at cnbc.com ...
peak oil...
LOL- remember when biden begged OPEC to increase production to get oil prices lower??? Remember when OPEC told biden to f-off??
Two good effects from this: People who don’t understand the oil biz sold off ET, and I scarfed up some more at a good price, and I’ll keep adding if it goes down more. (Pipeline companies aren’t hurt by the price of oil, they get paid to move it, its price is irrelevant). Lower oil prices mean lower inflation since oil affects the cost of almost all products plus the cost of moving them around the world and the country.
And gas prices higher. Ours jumped sixty cents a gallon yesterday. Yipppeeee! Biden has given us 50 million foreigners now buying gas in America.
They are a big cause of food, energy, and medical service inflation. You know...the things the government doesn't include in their inflation indices.
Yup. It’s harder to find a seat in the hospital waiting rooms these days since the Biden Illegals all brought the sick in their extended families with them.
and most of all housing- they are the primary driver of the housing shortage and housing costs skyrocketing...allow 11 million people to illegally cross the border, they’re going to need a place to live.
Here in Los Angeles, gas is $5 a gallon at most stations, eggs are $9/dozen, rents for a 1-bedroom apt are $2,500/month, and the clincher, sales tax is now 10.5%. More money to throw at the unsolvable homeless problem.
I bought 12 different oil stocks in the past month.
I’ve been saying this for over 10 years here. Get rid of the illegals would solve 75% of our issues.
Overcrowding in schools
Infrastructure
Housing
Except in California - where gas is (as of today) ≈ $4.79/gallon b/c of excess regulation, war on carbon emissions, and taxes, taxes, taxes (while our roads deteriorate b/c “there is no money”).
Gas is about to go up another .$65 cents a gallon soon. Some stations are already posting $5.00 + / gallon.
Glad my car is locked up at night - thieves are drilling into the sides of cars to steal gas.
You can see exactly when the Buyers showed up, four weeks ago...
And, a 7.22% dividend. Well done, SaxxonWoods!
I would say that OPEC is trying to make it more unprofitable for the oil companies to invest in new drilling under Trump.
Agreed. The price of oil would drop without as many illegals here using as much hair oil as Newsome. LOL
WA state, $4.13 for regular, it was $3.49 six weeks ago.
Sounds like a preemptive move in an attempt to hurt US oil production.
“food, energy, and medical service inflation”
REAL ESTATE. Affordable housing. Used autos. Education. Incarceration costs. WAges.
Everything inflates and lots of people profit from the invasion. And even more disgusting is the idiot government funds it all with taxes to make sure they get the free stuff that citizens don’t even get simply because they walk across the border illegally.
Where I live, gas prices fluctuate, but are not too high. However I am amazed that the motor oil prices remain what I would call very high. Can’t understasnd why don’t seem to ever come down.
Oil cratered because of a looming tariff war to send the USA and the world spiraling into a recession.
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