Originally Posted by
airplanes
If FAFO is the the super clever conservative phrase of the moment, I think we are dancing well into our own FA and will be entering the FO period shortly.
oil has been this high previously even without Hormuz being shut down. alt=""
I don’t know that I would start screaming “The sky is falling!” just yet.
For that matter a lot of oil wells that were not economically viable to use at $60 a barrel are going to start producing again at $70. Not overnight, but more the longer this persists. And more wells will be developed because it makes sense economically to do that at the higher price.
H€LL, even California is getting on board.
https://biologicaldiversity.org/w/ne...ed-2026-03-06/
https://www.bloomberg.com/news/artic...s-crude-prices