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Posted on 03/08/2026 9:55:53 AM PDT by MinorityRepublican
Global oil prices could breach the $100 (£74) a barrel mark within days, and reach $150 a barrel by the end of the month, without a solution to the severe disruption in crude flows through the strait of Hormuz, Goldman Sachs has warned.
Oil exports via the vital trade route linking the world’s biggest oil producers to buyers in the global market have fallen further than the US investment bank had initially expected after the US-Israeli attack on Iran a little over a week ago.
Goldman Sachs had anticipated that flows of crude through the strait would fall to 15% of normal levels but Iran’s effective blockade on tankers passing through the narrow waterway mean that only 10% of oil cargoes that usually transit the trade route have been able to pass.
(Excerpt) Read more at theguardian.com ...
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could ... or could not ...
When Russia attacked Ukraine(On Biden’s order, small incursion remember) gas prices skyrocketed, the commie media didnt make any fuss. I want this regime GONE, if that means paying a little more in gas its worth it to finally be rid of them forever
And somehow, most mysteriously, America is making bank on its domestic energy resources. Two communist regimes named China and Europe hardest hit!
I’m ready, and it will be very temporary. But the usual screaming meemies will head for their fainting couches when it happens. Keep your tank full if you’re scared.
I thank God almighty that our food prices aren’t tied to the world “markets” like our oil prices are.
In related news, minkeys could fly out of The Guardian’s butt.
This nonsense about the gas price is an attack on Trump with two objectives. Objective note, separate the base by an inuendo saying he lied to them about no foreign wars. The counter point to that is does one think he would begin a war on unsupported conjecture.
2nd objective, begin a lefty push for a windfall oil profits tax. Don’t laugh, they did it before to put the president on the dilemma of raising taxes on oil firms or letting them make more money or taking it away.
Whenever things appear in the lefty press. Remember they are planted there for a reason.
“Iran’s effective blockade on tankers passing through the strait of Hormuz”
We are blowing up all the Iranian materiel. Why allow them to continue to blockade the strait?
Using the submarines that used to float?
How to bring down that oil price:
Eliminate these mullahs, all of them, info per Wili-Commie:
“As of March 2026, the Assembly of Experts is the constitutional body of 88 (or 86) senior clerics—commonly referred to as mullahs or ayatollahs—tasked with appointing, supervising, and potentially dismissing the Supreme Leader of Iran. They are elected for eight-year terms, but all candidates are vetted by the Guardian Council.“
I THOUGHT WE WERE DRILL BABY DRILL AND ENERGY INDEPENDENT.
If this aint true we are F’d come the midterms!
“Objective note, separate the base by an inuendo saying he lied to them about no foreign wars.”
I’ll take foreign wars over homeland wars any day.
Like the EU becoming dependent on Russian oil, like DJTrump warned them about, this is the price of becoming dependent on MEast oil that has to ship past the Iranian funded Houtis.
Again, if there are rabid dogs on your border and you just site there, you deserve the pain.
Diesel hit 2 bucks a liter here. We’re literally standing on this stuff and this is what they charge. The system needs to change. We produce far more than we could ever use here, yet we export and buy it back. One of the dumbest financial moves ever.
There were threats of mining the Strait. Don’t know if that has happened.
It’s a year round problem around here. The commies love to hit the combustion engine people where it hurts.
The lefties should be celebrating the rise in oil prices. They want everyone to stop using oil and go green anyway.
Hypocrites.
“We produce far more than we could ever use here, yet we export and buy it back.”
If we didn’t do that it would be worse but no one seems to be able to understand that.
Do or do not. There is no gas...
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