Oil prices explained

12 thoughts on “Oil prices explained”

1. aldoushickman February 16, 2022 – 11:56 am at

   Widespread adoption of EVs cannot come soon enough. I look forward to the day when a desperate Putin is frantically trying to keep his gangster-kingdom afloat on the back of $10 a barrel oil that nobody is buying anymore.
2. rick_jones February 16, 2022 – 12:13 pm at

   But has the price of oil returned to its pre-pandemic trend line? …
3. OverclockedApe February 16, 2022 – 12:17 pm at

   Both SA and Russia have been producing less than promised out of OPEC+.

   https://www.cnn.com/2022/02/02/investing/opec-saudi-arabia-oil-prices/index.html

   I'm shocked MBS and Putin would be playing games, just shocked...
   1. Displaced Canuck February 16, 2022 – 1:49 pm at

      I noticed Kevin missed MBS. The young Putin of the middle-east.
      1. MontyTheClipArtMongoose February 17, 2022 – 5:38 am at

         Both are just new flavors of Idi Amin.

         They really don't make em like they used to. The 1970s had Carlos the Jackal, Black September, & apex level Irish Republican Army, plus Idi Amin, the Argentine junta, & Pol Pot, while we're stuck with the Kanadian Konveyance Konvoy, Viktor Orban, & the dashing, virile men of the Trump lineage.
4. Spadesofgrey February 16, 2022 – 2:07 pm at

   Speculation. Now in reverse
5. illilillili February 16, 2022 – 3:50 pm at

   You know how you tell people to use inflation adjusted dollars over multiple years? I think that might be appropriate here...
   1. galanx February 16, 2022 – 4:26 pm at

      In inflation adjusted dollars, $1.00 in 2020 is worth $1.08 now. The price of oil has gone up from below $20 to over $100. At 8% compared to over 500%, I don't think we need to plug it in as a great part of our calculations.
6. Justin February 16, 2022 – 4:10 pm at

   It’s terrible.

   https://www.latimes.com/business/story/2021-11-24/high-gas-prices-pick-up-trucks

   No sympathy.
7. GrueBleen February 16, 2022 – 6:09 pm at

   Errr, shouldn't that be "Putin is getting richer" ? After, the Tsar of All the Russias does own everything in Russia, doesn't he ?
8. tigersharktoo February 16, 2022 – 8:11 pm at

   But the pipeline! It is Brandon's fault!
   1. MontyTheClipArtMongoose February 17, 2022 – 5:40 am at

      Brandon Ingram isn't why Zion Williamson is eating himself out of the NBA.

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