Originally Posted by
vaksedtothemax
“At the time of writing, Brent crude futures are trading in the mid-$90s per barrel. That is elevated by recent historical standards, but it is not pricing a crisis. It does not signal the kind of acute supply disruption that the physical market is experiencing.”
A few points, one I said anyone in the US…
two, EA is a company with a board of directors and appears to be a for profit Energy advisor giving advice. I view them no different than the Harvard economists predicting a recession last year. They’ll be correct or will not. If they are not, nobody will remember they’re prediction or this summary, if they are correct they get to claim” we were right!” It’s a summary with nothing to lose and everything to gain.
three, Someone should alert CNN, ABC,NBC,CBS and MSNBC, they could really be nailing Trump since $95 isn’t the true accurate cost of how the benchmark is judged.
I would think gas at the pump would be way more if we are at those prices. The good news is we
must have been here before, roughly three years ago. I’m surprised nobody mentioned this company 3 yrs ago. I wonder what they’re summary was in 2022?
Like I’ve said, no body is excited about where gas is. But it is in no way the catastrophe you pretend it to be. And as of yet, none of you and your fellow predictions have come true. Not now and not once in the last 10 yrs
Lol man, I don't know what to tell you. Look up any expert in the energy industry, they're all saying the same thing. We usually only hear about the futures price because it's almost always within cents of the physical price. That hasn't been the case since the beginning of the war. Currently the futures price is being tabled a paper price and not even in the ballpark of the physical price. Never mind that we're depleting our gasoline stores be 4-8 million barrels/week. Diesel stores by almost as much. It's going to take more than a few months to recover from that. No we're never going to run out of gas here, but other countries definitely will and we are exporting a metric s-ton right now. We've also just recently received the last shipments of oil from the ME, the shortages haven't really even started yet.