Not A Joke Top Off With Gasoline or Diesel
Saudi Arabia just cut production to 50%. Rocket attacks against refineries and pipelines. You can bet your last dollar prices are going to double because of speculators. Crude has jumped on a weekend ...
Forum Discussion
MEXICOWANDERER wrote:Me thinks there might be a bit too much ethanol in your daily blend.
Some of you are still being civil about this. I learned a good lesson about this in the 1970s when world coffee prices shot up. It was a pure and simple embargo initiated by Brasil. Columbia, Peru, and African plantations were in their infancy. Like the Hunt Bros in the 70s with Siver, orange juice soared to over 5 dollars a gallon, from a 40% crop freeze in Florida but then no one told the American public that 70 percent orange juice concentrate was imported.
Read reality not watch The Simpsons
https://www.investopedia.com/terms/s/silver_thursday.asp
Realize it costs a lot of money to pump crude oil ship it halfway around the world store it then refine it. Shale Oil costs are exorbitant but the product is light and sweet.
On with the intrigue...
I already mentioned the conspirators who want higher pump prices. but number one is a state government like California who like Scrooge McDuck bathes in an extra 36 cents per gallon tax windfall. Add it up. Numbers count hot air doesn't.
And finally, we get to China with it's thieving and currency manipulation and use of the PLA in vast factories. three-card-monte cofusion cannot hide the fact that China imports 0ver 90% of its oil. From Saudi Arabia. not only does China depend on Saudi Arabia for energy but millions of tons of plastics. This is China's most vulnerable area of all. basic energy. And do you think I am the only person to have figured this out? Go fix your thinker. China's risk is so precipitous they are kissing Maduro's ass with promises if only Maduro will let china hold the "pink slip" to Venezuela reference what china has done to a couple of countries in Africa.
A gasoline price gouge would only hurt the commander in chief's popularity more. but a market panic because of Iran Houthi / Saudi armed hostilities relieves him of responsibility. Utterly and relieves other issues facing him. Probabilities? Try combining Straights of Hormuz, hair-trigger revolutionary guards and the legacy of the Gulf of Tonkin resolution and especially China who just devalued the Yuan Renminbi AGAIN.
And for a few, Homer and Marge await...or maybe a few gallons of condensation for your Onan carburetor.
