Oil really could hit $200 a barrel

[Content Provider]

Oil really could hit $200 a barrel

As recently as a week ago, the prospect of an imminent 1970s-style global oil crisis still felt like a dystopian hypothetical. Not anymore.

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[JeffR]

I am really surprised it is as low as it is with the disruption in Iran. Puzzles me that it is this low with oil being offline for so many days.

 

[CraigM]

I am really surprised it is as low as it is with the disruption in Iran. Puzzles me that it is this low with oil being offline for so many days.

When you talk to people who really know the oil market (those that live and die by the bets they make every day) you realize how little most of us understand it all. The pundits on TV are especially absurd, those guys don't know their arse from their elbow.

 

[ben]

When you talk to people who really know the oil market (those that live and die by the bets they make every day) you realize how little most of us understand it all. The pundits on TV are especially absurd, those guys don't know their arse from their elbow.

Interesting Craig. I admit I know nothing about oil market or inventory or flow. But in remembering past crises that were nothing compared to this it seems like oil spiked more. Some people tell me oil is unlimited and there is NO shortage at all. Infinite oil so maybe that is it.

 

[jbeas176]

it never makes sense. when oil was at 140 gas at the pump was 4.50. now were paying 5.00 per gallon and oil is at 100.00. the usa should just refine it own oil and sell it at home

 

[ElQueso]

When you talk to people who really know the oil market (those that live and die by the bets they make every day) you realize how little most of us understand it all. The pundits on TV are especially absurd, those guys don't know their arse from their elbow.

What do they say Craig?

 

[jbeas176]

the usa has the refinery to blend our brent crude with venezuela’s sour crude. i think citgro refinery was in louisiana

 

[jbeas176]

i did some research the last time prices we high and they blamed the high gas prices on the refineries. at thattime there were 750 world wide, 125 in the usa. india has the largest

 

[Nasdaq]

I am really surprised it is as low as it is with the disruption in Iran. Puzzles me that it is this low with oil being offline for so many days.

I stopped trying to guess what it will do and glad I'm not an energy trader. It almost makes it seem like this was done on purpose just for trading purposes. Nothing would surprise me anymore.

Then watching Israel blowing up oil storage tanks in Iran. The USA couldn't be ok with that. I don't see any easy way out of this. I guess the big money swings the market both ways while the consumer gets screwed at the pump.

 

[CraigM]

What do they say Craig?

That the uncertainty is greater than any time in their careers. So many moving parts, so many possible outcomes. Unlike Venezuela this is a real choke point in global supply so $200 or even $300 oil is possible, but so is the opposite. Rather than making one-way bets on how this turns out, they are watching and waiting and meantime looking for any mispriced securities they can take advantage of. So when you hear these pundits act like they know what's going on, just know they haven't got the faintest clue.

 

[Cheap Bastard]

That the uncertainty is greater than any time in their careers. So many moving parts, so many possible outcomes. Unlike Venezuela this is a real choke point in global supply so $200 or even $300 oil is possible, but so is the opposite. Rather than making one-way bets on how this turns out, they are watching and waiting and meantime looking for any mispriced securities they can take advantage of. So when you hear these pundits act like they know what's going on, just know they haven't got the faintest clue.

I don't think any one really knows what will happen. But I agree it's puzzling oil isn't up more. How did it jump up so much before on supposed threats to supply. This choke hold is real and it's already going on a while.

I would have thought a company like YPF would be at all time highs. But down today again. I don't have a car in Argentina so not a big problem but I assume price of everything will skyrocket if oil goes to $200 to $300.

 

[Spend Thrift]

You know Trump is desperate for a deal. He started praising Iran.

 

[jbeas176]

asking uk and eu to bail you out doesn’t fit your posture. . your looking weak. 😎

 

[jbeas176]

after all your tarriffs why would they help you. its not a nafta proplem. fuxx off

 

[jbeas176]

blow up the iran oil supply and go get the nuclesr supply. anything else is you lost.

 

[jbeas176]

nato

 

[Content Provider]

nato

The great Mango Mussolini really put his foot in it when he denigrated NATO earlier.
In March 2025, Trump said he wouldn't defend NATO allies "if they don't pay," calling current spending insufficient despite past increases he claimed to inspire.
He described NATO as "potentially good" if trade and payment issues are fixed, while questioning if allies like France would help the U.S.