Everybody enjoying our "Golden Age?"
Diesel pushes to new all-time high as oil prices jump after key Saudi pipeline is shut
Welp this doesn't seem like it's going to help prices. 🙁
Yeah, this was the fear that many had. Some were arguing that Saudi Arabia could just redirect all of their oil through pipelines to bypass the Strait of Hormuz and take Iran out of the equation. The problem is, those pipelines are an easy terrorist target. So right now, we are back to being 15-20 million barrels-a-day under the previous output before the war. We had gotten to the point where about half the oil was trickling through the strait, but this takes us a step back.
As a reminder, we have not even felt the full weight of this deficiency yet. Gas prices are the first thing affected by oil shortages, but things like plastics and lubricants are a much slower process. Typically it takes about 6 months to a year for the oil that comes out of the ground to be processed into plastics. So the shortages in the system are just now getting to the factories and we will start to see those prices start to go up over the next few months.
When Trump had Larry Kudlow as an advisor, he wasn't too bad on economic policy. I have to guess it was because Kudlow wasn't a complete sycophant who only tells Trump what he wants to hear.
Now, no Kudlow, all ass-kissers. Bad economically for the U.S and the average person. Because Trump is too stupid to come up with good ideas, but they get rubber stamped anyway.
Welp this doesn't seem like it's going to help prices. 🙁
Yeah, this was the fear that many had. Some were arguing that Saudi Arabia could just redirect all of their oil through pipelines to bypass the Strait of Hormuz and take Iran out of the equation. The problem is, those pipelines are an easy terrorist target. So right now, we are back to being 15-20 million barrels-a-day under the previous output before the war. We had gotten to the point where about half the oil was trickling through the strait, but this takes us a step back.
As a reminder, we have not even felt the full weight of this deficiency yet. Gas prices are the first thing affected by oil shortages, but things like plastics and lubricants are a much slower process. Typically it takes about 6 months to a year for the oil that comes out of the ground to be processed into plastics. So the shortages in the system are just now getting to the factories and we will start to see those prices start to go up over the next few months.
Oil between $100-110 is intentional
I was surprised by the variance on a recent trip to Philly from upper Michigan.
$3.89 to $4.39 . I think the 4.39 (in Pennsylvania) though had a station at 4.29 on the harder to reach corner though. 
, but it since went up about .15 here at home in just over a week.
High enough..
I was surprised by the variance on a recent trip to Philly from upper Michigan.
$3.89 to $4.39 . I think the 4.39 (in Pennsylvania) though had a station at 4.29 on the harder to reach corner though.
High enough..
It's weird here. Gas has actually dropped a little, but diesel is pushing $6.50 today.
Meanwhile, Costco is rationing motor oil and has raised the price considerably, per reports.
I was surprised by the variance on a recent trip to Philly from upper Michigan.
$3.89 to $4.39 . I think the 4.39 (in Pennsylvania) though had a station at 4.29 on the harder to reach corner though.
High enough..
It's weird here. Gas has actually dropped a little, but diesel is pushing $6.50 today.
Meanwhile, Costco is rationing motor oil and has raised the price considerably, per reports.
Oil changes are about to get even more expensive. Ughhhh.
Trump is now blaming the price of diesel on Ukraine. Says their targeting of Russian refineries is causing the shortage and "hurting the world." No way the shutdown of Hormuz could be the primary issue.
“This isn’t done by the Middle East. This is done by what’s happening with Russia and Ukraine,” he claimed.
https://www.cnn.com/2026/09/13/europe/russia-poland-ukraine-border-area-attack-intl
https://twitter.com/Barchart/status/2099011384264556633
lol....funny how that works. Trump institutes tariffs and everyone says our trade partners hate us and we're doomed🤣
https://twitter.com/stephenmoore/status/2099568468932665535?s=46
@bar-down like soccer nobody gives a sh#t about tariffs. Now tell me how it's the worst economy of all time.
@snarlcakes bc it’s a k economy. Costs are sky high. Homes are our t of reach. People with investments in the market are thriving. That’s a small portion of the country at any meaningful level and the stock market isn’t the economy. You’ll see what people think of the current conditions in two months.
a small portion of society are spending. 20 percent ish are covering the 80 percent who are broke. That’s not good. There’s a word for it. Illusory.
this is no different when bowls dumb ass kept going on about the economy under Biden and I told him then it’s stupid. I’m telling you now the same. Costs are what matter.
@snarlcakes tagging me isn’t a wise move son. The answers are always locked and loaded. I bring it. 24/7. Or maybe 4/5. 3/4 guaranteed.
People with investments in the market are thriving. That’s a small portion of the country at any meaningful level and the stock market isn’t the economy. You’ll see what people think of the current conditions in two months.
a small portion of society are spending. 20 percent ish are covering the 80 percent who are broke. That’s not good.
People are dumb with money. And it's not just the poors and the uneducated. Like you said, it's 80% of us. They could care less about the stock market. They don't contribute to a 401k or otherwise save money wisely. But they vote, and they're dumb enough to believe what politicians promise will make a difference in their personal situations. Aside from the ACA, I don't think there's been a policy in the last 30 years that has made a difference in my life.
@unclemark I’ve had two. Covid lockdowns. I’d be rich and retired today. And tariffs.
but yes people are dumb and dumb with their money. I certainly have been. I should have just gone into sales at AB or med equipment or whatever and done that. 401k. Benes. Contributions etc. That’s the path to insulate one from one’s bad habits.
now I’m sure I’ll work until I’m 70. At least I don’t have a boss and I work with friends. But it’s still not as good as the other path
@snarlcakes bc it’s a k economy. Costs are sky high. Homes are our t of reach. People with investments in the market are thriving. That’s a small portion of the country at any meaningful level and the stock market isn’t the economy. You’ll see what people think of the current conditions in two months.
a small portion of society are spending. 20 percent ish are covering the 80 percent who are broke. That’s not good. There’s a word for it. Illusory.
this is no different when bowls dumb ass kept going on about the economy under Biden and I told him then it’s stupid. I’m telling you now the same. Costs are what matter.
lol....you're lost. It is different. Trump is attempting to drive the economy through supply side, while Biden did it through demand side and open borders. I know I am wasting my time, but I'll provide one quick example.
- 2023: +26.3%
- 2024: +25.0%
- 2025: +17.9%
- 2026: +12.2%
S&P 500 earnings per share growth rate
- 2023: ≈ +0.6% to +1%
- 2024: ≈ +9.5%
- 2025: ≈ +12%
- 2026: ≈ +32%
Grok can explain it to you: The standout 2026 S&P 500 earnings growth (~32%) is predominantly driven by private-sector investment and commercial demand tied to genuine technological advances in AI, rather than a new wave of broad fiscal stimulus or rapid money-supply expansion of the kind seen in 2020–2022. And to add on it benefits everyone because productivity gains are deflationary compared to Biden just printing money and having people pump and dump Beyond Meat, which isn't beneficial to everyone. Also, the average American is better off. Now admit your wrong and say thank you.
https://twitter.com/RealEJAntoni/status/2098398603500802280?s=20