Posted on 04/27/2026 3:56:25 AM PDT by McGruff
Oil prices have risen after plans for a second round of peace talks between the US and Iran stalled again.
Brent, the global benchmark, rose by around 2% to $109.33 (£80.72) a barrel, while US-traded crude also increased by 2% at $96.78.
US President Donald Trump said on Saturday that Washington had cancelled plans to send a team to Pakistan for negotiations with their Iranian counterparts.
Brent crude has risen by more than 10% since Trump announced last week that he would extend a ceasefire with Tehran to give its leadership a chance to present a "unified proposal".
(Excerpt) Read more at bbc.com ...
We go by wit. Brent puts more pressure on Europe.
Meanwhile, the ethanol related fuel waiver goes into effect on May 1.
Guess what...
All those enemedia outlets ghat have been pushing the green new scam and have been in love with ethanol for decades...
Well, there are now news stories about the admin “diluting” fuel and there go your engines...
The left is so predictable.
SEC. 3. The President in every possible instance shall consult with Congress
before introducing United States Armed Forces into hostilities
or into situations where imminent involvement in hostilities is clearly indicated by the circumstances,
and after every such introduction shall consult regularly with the Congress
until United States Armed Forces are no longer engaged in hostilities or have been removed from such situations.
REPORTING
SEC. 4. (a) In the absence of a declaration of war, in any case in which United States Armed Forces are introduced—
(1) into hostilities or into situations where imminent involvement in hostilities is clearly indicated by the circumstances;
(2) into the territory, airspace or waters of a foreign nation, while equipped for combat, except for deployments which relate
solely to supply, replacement, repair, or training of such forces; or
(3) in numbers which substantially enlarge United States Armed Forces equipped for combat already located in a foreign nation;
the President shall submit within 48 hours to the Speaker of the House of Representatives and to the President pro tempore of the Senate a report, in writing, setting forth—
(A) the circumstances necessitating the introduction of United States Armed Forces;
(B) the constitutional and legislative authority under which such introduction took place; and
(C) the estimated scope and duration of the hostilities or involvement.
(b) Within sixty calendar days after a report is submitted or is required to be submitted pursuant to section 4(a)(1), whichever is earlier,
the President shall terminate any use of United States Armed Forces with respect to which such report was submitted (or required to be submitted),
unless the Congress
(1) has declared war or has enacted a specific authorization for such use of United States Armed Forces,
(2) has extended by law such sixty-day period, or
(3) is physically unable to meet as a result of an armed attack upon the United States.
Such sixty-day period shall be extended for not more than an additional thirty days
if the President determines and certifies to the Congress in writing
that unavoidable military necessity respecting the safety of United States Armed Forces
requires the continued use of such armed forces in the course of bringing about a prompt removal of such forces.
https://www.govtrack.us/congress/bills/93/hjres542/text
The 62-day clock is running out. Ceasefires don’t slow or stop it.
As with the 150-day tariff, Trump only gets one multi-day period to act under existing law.
A few thoughts. The entire world has been living in a past where global trade was protected by the US Navy. That world is ending. From several perspectives the closure of the strait is a good thing because it will wake up the world that their energy needs will be problematic if they don’t secure reliable power. My guess is that power will be nuclear, at least in the sane states. It will be something akin to unicorn farts in much of the West.
Iran’s government has fractured into N number of fiefdoms and the only power they have is keeping the strait closed. They’ll keep it closed until either they’re all killed or someone more interested in national survival comes to power. The worst thing that can happen to the world is if the US goes home before that happens. If the US goes home now, we will have replaced a repressive theocracy run by clerics with an even more repressive theocracy run by the military.
While the US war with Iran is probably a long term good for the world, it may result in the Democrats gaining power in the midterms and neutering Trump’s remaining term in office. That would be an ultimate tragedy.
The current Democrat party has only one unifying aspect and policy…Get Trump! If they try anything else, the party will disintegrate.
Iran’s Wells are about to be caped. There Economy is being destroyed. No money to pay people.
Oil prices rise
With all the oil we have and Venezuela has and prices still increasing a class action of how well price gouging works.
Still cheaper than when there was a taterhead in the WH
How many mainstream outlets talked about the price of oil and gas this much when Biden was driving prices up?
The BBC is negotiating ... for Iran.
Lots of data - but what was the point?
One way NOT to fix this: listening to leftist/Ukrainian pleas to throttle Russian oil production.
Gas 3as just dropping, a few cents at a 5ime, usually once a week, a d made it all the way down to $4.29 /s. I blinked, and overnight its back up 5o $4.49
“The left is so predictable.”
************
Yes and you can always expect the Left to push hard for what it wants. They are relentless in their demanding schemes, scams and endless campaigns to advance their agenda. Unfortunately the right isn’t as determined.
ohn Maynard Keynes, who had large gains and losses speculating on the stock market, realized that the economics of an asset don’t determine its price, but the traders’ views of the economics of the assets do.
John Maynard Keynes, who had large gains and losses speculating on the stock market, realized that the economics of an asset don’t determine its price, but the traders’ views of the economics of the assets do.
Supply and demand at work? Hardly. Supply is adequate. Seen any gas lines lately? How about rationing? Nope, dont see either.
Instead prices are driven up by speculation and arbitrage bets placed by crude traders who never deliver or take delivery of their bet.
Meanwhile, producers are thriving on this made up windfall and we are paying the price. The real cost of Trump’s “little excursion” as he calls it is far far greater than the billions in weapons and as it goes on we will see even more inflation in this year of little growth. An “excursion” Trump now wishes would just fade away and that he has no idea how to successfully end. He thought military planning included the necessary political end game strategy to wrap up the military defeat, not part of their job description. Notice how the silence from Rubio is deafening? State is where war wrap-ups usually go, not this time. It is a tar baby he is stuck with now. At least the assassination attempt gives him a break in the news cycle.
My neighbors would be really pissed off at me if I did something that cost them as much as this “little” excursion has cost us and the rest of the world no matter how many pounds of enriched material the Iranians claim to have, material we supposedly already destroyed a year ago.
Feels like a place we have been before.
Worried about fertilizer and food supply? If so, quit fertilizing corn to grow the very bad fuel it produces.
Why do politics and money always block the most logical and useful solutions to most of our problems?
Thank you for posting this it’s good information
My Bet is that Congressional action Of any sort Gets delayed Almost indefinitely And by any means necessary
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.