I swear to the gods, everyone with a brain knew that would be the case when the shipping route that 20% of the worlds oil passed through was shut down.
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It blows my mind how people are shocked by this somehow
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Might?
Normal?
18 comments in c/world view that post
Most obviously, it has been established that there is continued demand at the “new” price, so why drop it?
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It’s almost as if oil companies are run by profiteering warlord psychopaths
of course not. this was the plan all along, so it would seem.
Well a bunch of capacity was blown up with a 5 year restoration timeline, so…
3-4 years. That’s how long it will take to repair and rebuild the damaged infrastructure. Assuming trump or some other politician doesn’t fuck it all up again.
But by then inflation will have driven the cost up, so IMO the price isn’t going below $3/gal.
Good news. I just hope it breaks $100/gallon before 2027
Why would a company lower their prices when they've raised them and people keep buying?
We will never have the same gas prices again because a felon rapist pedophile needed a distraction from raping children.
This is America.
Trouble in the world? Gas prices explode overnight.
Trouble "over"....well you see it's complicated.
Not complaining tbh.
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Weren't they supposed to get worse? As they run out of reserves and the measures taken to reduce the impact from the Hormuz closure.
What's that saying about oil prices? "Up like a rocket, down like a feather"
Oil billionaires are fine with earning more per gallon.
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