Author Topic: Oil is in free fall...  (Read 450 times)

K Frame

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Oil is in free fall...
« on: April 09, 2025, 08:10:35 AM »
Down over 6% in early trading today, now at $55 and change a barrel. Hasn't been this low since COVID.

RBOB has also been dropping like a stone. Now at $1.89 a gallon.
MAGA unto others as you would have them MAGA unto you!

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zahc

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Re: Oil is in free fall...
« Reply #1 on: April 09, 2025, 09:30:40 AM »
The market is expecting consumer demand to crater. Due to tariffs, all prices will be artificially increased, by supply and demand that will mechanically drop demand for everything. Slowed economy, dropping demand, at least 10% general price inflation from the tariffs (using the Whitehouse's own numbers) on top of the already high inflation, increasing deficit, crisis level debt, is America great yet?
Maybe a rare occurence, but then you only have to get murdered once to ruin your whole day.
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dogmush

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Re: Oil is in free fall...
« Reply #2 on: April 09, 2025, 12:59:01 PM »
THIS might actually move the Ukraine war closer to ending.

Perd Hapley

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Re: Oil is in free fall...
« Reply #3 on: April 09, 2025, 01:57:19 PM »
I've been hoping for the local gas prices to go down, but it's still close to $3/gallon here. Those are Biden-era prices.
Can the liberties of a nation be thought secure when we have removed their only firm basis, a conviction in the minds of the people that these liberties are the gift of God?
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K Frame

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Re: Oil is in free fall...
« Reply #4 on: April 09, 2025, 02:02:07 PM »
And now oil is surging, back over $61 a barrel what with today's news on tariffs.
MAGA unto others as you would have them MAGA unto you!

Dogs are our link to paradise. They don’t know evil or jealousy or discontent. To sit with a dog on a hillside on a glorious afternoon is to be back in Eden, where doing nothing was not boring—it was peace. — Milan Kundera


The gift which I am sending you is called a dog, and is in fact the most precious and valuable possession of mankind
-- Theodorus Gaza