OOPS...Oil prices crashes -$30+ dollars in less than 16 hours; "Crude Oil Price Forecast 2026: $140 War Premium or $60 Surplus Baseline?" BIG FAIL
(bingx.com)
🤡 MSM Conspiracy Theory 🤡
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67% of all oil produced by Saudi Arabia, UAE, Kuwait, Qatar, Oman and Bahrain goes to Asian markets.
China is the world's largest importer of Persian Gulf crude oil, importing 36% of it's oil from there.
India is the 2nd largest importer of Persian Gulf crude oil, importing almost 50% of its oil and gas supplies from there.
Japan & South Korea round out the top four Asian countries.
All together, these four countries account for 67% of the oil flowing through the Strait of Hormuz.
The United States only imports about 10% of our oil from the Middle East. In a pinch, the US can be self-sufficient.
The EU was historically a large buyer of Persian Gulf oil, but has been increasingly sourcing non-OPEC sources of oil and gas or switching to renewables. The EU has been buying a LOT of North African oil and Eastern Mediterranean oil, or importing South American crude oil.
Who gets hurt the worst in the Persian Gulf shutdown? Well... the biggest loser is China, followed by India.
BONUS SHITPOST: "Trump renames 'Strait of Hormuz' to 'Strait of America' to forcibly void and then take over all Lloyd's of London maritime insurance business.": https://media.scored.co/post/OFGjYgeaLEis.jpeg
Major kek.
♥️♥️♥️
Correct. Big block of Russian oil that has been sitting in tankers in the ocean for ~2 months just got rerouted to Indian refineries (1.4M barrels with another 9.5M barrels on the way). It appears to have been redirected from Chinese refineries. (announced 3-4-26 immediately after insurance fix applied 3-3-26) https://www.theresearchers.us/2026/03/04/russia-supply-oil-india/
Also, it appears that Saudi, Kuwait, and others have been stockpiling oil in storage for the last two years. It is suspected to be ~25% of yearly OPEC output. It is being released now or soon will be. They probably just sold it to the dummies manipulating the oil contract price for $117 per barrel (contract locked in). /s
And in the meantime, US oil output projected to hit 20M barrels a day by July 4 (+50% from NOV 2025). Estimated "max capacity" of the US is around 58M barrels a day, but requires PA and CA to get their heads out of their asses.
Add Guyana to your big picture. They are at 1 million bps and expect to be at 1.7 million bps by 2030. Light sweet crude. Next door Suriname is starting to ramp up, but the going is a little slower.
If folks want to know what is true just go down and fill up the car or truck.
If the US has control the price at the pump should come down. As of this morning the price here is a dollar a gallon higher at $3.19 than it was six days before the war started.
We knew something was about to hit the fan when the price went from $2.23 to $2.89 in five hours. Gas price is a good indicator of events affecting global oil flow.
It is manipulated. "Cartel middlemen" jacking the price because they were instructed to do so (or just based on the false narrative being pushed), just like beef prices. Fortunately, the solution is the threat of criminal prosecution for "price collusion" by the DOJ to force backdown or deals cut. Just ask the egg and beef cartel how that's working for them. Several indictments have been issued, and you may see civil asset forfeitures on top of corporate funds frozen (suspected).
The US is currently swimming in oil, but limited in refinery capacity and distribution due to forced refinery and pipeline shutdowns by Governors in blue states (see CA as EXHIBIT#1). Fuel capacity is also limited somewhat intentionally by state rules on "fuel mixture content requirements" specifically to keep prices high so they can collect MAXIMUM TAXES (which are a % of price).
They don’t wait for the ships to come in to charge more.
Yes, and a five day head start just showed they knew the war was coming long before most ordinary citizens had a clue.
They always rise fast and slowly come down.
Every single time.
That’s unreal, we pay €1.81 for a litre now, or nearly $8 for a gallon in Ireland. We are being robbed blind.
Here in west Tennessee people know the oil companies are gouging..what their asking is, what’s the government gonna do about? Specifically Trump. Haven’t seen much resistance towards the gouging, and today Trump labeled those as fools for worrying about gas prices vs free Iran and the threat. And just fyi, people don’t like being called fools for still paying high prices for near everything..still.
Yeah it cost me $70 to fill up my tank and as a new homeowner scraping by, this really pissed me off.
The gouging is going on in Ireland too. Price per litre went up by €0.06 yesterday. Government doesn’t care, most of that is tax. Absolute scumbags.
>>>>>>>>>>>>>Today's (3-9) low oil price $81.19 (so far)<<<<<<<<<<<<<
Dec 2026 (contract) fluctuating $68-70 maximum, ($119.48 is today's reported high for current "front month" contract): https://www.marketwatch.com/investing/future/cl00
The US Navy opened the Strait of Hormuz (with escorts) on March 6-7, 2026 and provided US-backed maritime insurance for all ships in and around the Strait of Hormuz on March 3, 2026. https://greatawakening.win/p/1ASG4shTLY/trump-effective-immediately-i-ha/c/
Navy escorts March 6, 2026: https://www.ndtvprofit.com/world/us-navy-to-escort-ships-through-strait-of-hormuz-amid-war-disruptions-energy-secretary-11178636
Globalist's (too late) narrative is being destroyed in REALTIME. Mon 3AM (March 9) talking point was clearly "oil price spike". There are currently more than 40 MSM articles all parroting this "engineered" narrative (done via City of London attempting to cancel all maritime insurance which was countered directly by Trump admin). They are ALL now desperately "updating" their article headlines and content to downplay their fear mongering bullshit, walking back their narrative and saying stupid shit like "the price of oil will come down before it spikes".
The propaganda machine just had a hiccup.
But, NYT Editors, they opened the Strait on Friday...