Gouging hard working Americans in war time…based on market speculation/fear. That deserves a penalty of death in my book…the thought of that must make some limp wrists sweat a little right chiefwoody? Trump does understand this, that the thought of this military operation is a plausible reason for big oil to make the prices go way up. That’s why he’s saying when it’s settled they better drop as fast as the went up. Thats why he’s trying to pause the federal tax on fuel to help us. It’s all a scam by big oil.
I'm not sweating, You are, and this is why. This is a very detailed explanation of what Trump is doing. You talk like you know everything Trump is doping. You do not. I challenge you to read every word in this article below. I doubt you will though because you are either blinded by globalists propaganda, or you are just too arrogant to admit the truth. I posted this in a previous reply to you and clearly you did not read it. Are you a left wing puppet? I think you are, but you will never admit that. However, you don't have to because your attitude regarding what Trump and his allies are doing to save the world and America from the DS globalists proves you are a puppet and you will never root for America, Trump or anyone else that doesn't think like you.
The Complete Primer: From Iran to China and the guide to the Trump-Xi Summit
Energy, Rare Earths, and the Strategic Competition That Explains Everything Happening in Beijing This Week
Disclaimer: This is the companion piece to "The Forty-Seven Years' War," published May 10. That article told the vertical story of Iran. This one tells the horizontal story. It is about China.
A note on sourcing:
I served with 1st Special Forces Group and spoke Mandarin Chinese at a 1+/1+ proficiency (OR lack thereof.) Nothing in this article is drawn from any classified information while with 1st Group. Everything here comes from open-source research, publicly available data, and my own analysis. https://x.com/ThePowerAudit/status/2054281337096286230
BREAKING — WINS FOR TRUMP: After 47's meeting with President Xi, China wants to buy AMERICAN ENERGY and OIL, and agrees Iran must be banned from EVER having a nuclear weapon
China wants to be LESS reliant on the Strait of Hormuz — and OPPOSES Iran tolling the waterway
And they're preparing to open up their markets
WHITE HOUSE: “The two sides discussed ways to enhance economic cooperation between our two countries, including expanding market access for American businesses into China and increasing Chinese investment into our industries."
"The two sides agreed that the Strait of Hormuz must remain open to support the free flow of energy. President Xi also made clear China’s opposition to the militarization of the Strait and any effort to charge a toll for its use, and he expressed interest in purchasing more American oil to reduce China’s dependence on the Strait in the future. Both countries agreed that Iran can never have a nuclear weapon.”
And used to be they couldn't export the oil, but oil companies lobbied Congress to allow them to build export platforms so they could take American oil offshore. It wasn't that many years ago this started happening, and if memory serves me correct it may have even been when America was still importing oil.
They predicated the export platforms on the premise of exporting LNG, but I seriously doubt that last longer than the time it took to build them.
I can remember the company I worked for trying to get the employees to contact their Congressmen to make sure the law passed. I knew then it would screw Americans.
We pump our own petroleum out of the ground. But we don't have enough refinery capacity to produce all the finished product (gasoline, Diesel, jet fuel) that we need. We have to purchase finished product as imports. Made from oil obtained at world prices, but in short supply due to Iranian attacks against Gulf oil refineries.
I was so happy to see on Monday the price of diesel (which USED to be cheaper than gas) was back to $5 a gallon here. Now, it's at $5.79 and of course today is when I needed to fill up, not Monday. Stinks.
Don’t forget State Regulations that screw the little guy based on ‘meh… Global Warming. California has regulated two refineries right out of the State. Mandates EVs don’t have to pay a gas tax that helps pay for road repairs- yet they still use the roads.
In the past part of the blame for the rising price of oil was placed on supply and demand coupled to the value of the American petro dollar.
The value of the price of oil & the buying power of the American petro dollar are intertwined and related.
When the value of the American dollar decreases the price of oil increases.
When value of the American dollar increases, the value of the price of oil decreases.
The Iran war has helped cover some of this up by pushing some of the blame on the conflict.
The U.S. has no shortage of oil yet with current prices the oil cartel is making money hand over fist on the backs of innocent citizens. The poor are the ones who will suffer the most.
How did middle east countries keep price close to $2.00/gallon when is was way higher in the developed world. Free market is an answer but maybe not a good one, Just asking.
Because many countries in the middle east subsidize their gas. I believe Saudi Arabia still subsidizes it the most. UAE used to have it highly subsidized until 2015 when they drastically cut the subsidies.
We in the USA however don't get subsidies. Instead the Federal and State governments Tax us instead.
Think about it for a second. Trump pushes drill baby drill, then Trump takes control of Venezuela's oil, then Trump starts a war with Iran that takes 20% of the world's supply of oil off the market. (And Trump takes control of all the world's maritime chokepoints)
All of a sudden the America's (Trump) become the world's supplier of oil. $100 oil is extremely profitable for the US economy as a whole.
The US (Trump) now controls the price, shipping and production of most of the world's oil. Not the City of London, not OPEC, Trump controls the energy supply for the world.
From Tariffs, to Oil, this is strategic planning. Add in the Clarity Act and Stable coins and the US takes back control of the Dollar. The $40T debt becomes a non issue, or rather it becomes the backbone of Stable coins.....
America Does NOT Refine all the oil it needs. We have plenty of oil. Oil has different Grades, like Diesel, Kerosene, etc. . . SO, We need more Refineries !
We do have to Import to Fill in the Blanks.
Also for an education on oil here the US produces light sweet crude oil. Light sweet crude refining is inefficient so we dont have much capacity to refine it here so all the US light sweet crude oil is shipped overseas. We import heavy crude oil which most of the us refineries are setup to refine. Oil is tied to a world wide distribution network so the price is very controlled with the exception of how much tax is added per gallon being the difference State to State. Presidents really have little control over the direct price. What they do have control over is Biden on day one shut all drilling in the US and shut off Oil coming in from Canada and depleted the U.S. Strategic Petroleum Reserve . DJT is currently refilling the U.S. Strategic Petroleum Reserves and has opened up massive drilling here in the US. DJT has a slogan "drill baby drill". Once the oil market is saturated and its coming the price will crater. I would guess by the time hes out of office it will be at or below the low of $2.39 from 2021. This is a temporary price hike which I believe is alot of greed on the oil companies part taking advantage of the situation. Not much of the US crude oil comes out of the Strait of Hormuz anyway. Also as a FYI Saudi Arabia built a few decades ago a pipeline (Petroline) that goes from the eastern coast to the red sea so the Strait of Hormuz is a non player. Anyway it doesnt matter since the US gets its heavy crude from Mexico and Canada for the most part.
This is somewhat true in our own backyard and Inventory ,However Commodities don't work like that on the World Markets,everything is Future's Based and i mean everything.
It's like saying this Basket is full and were fine and your not looking at the whole Barrel ,the prices aren't up because of a shortage on the planet as of today ,there up because of the uncertainty of Iran loosing it's wells output percentages tomorrow in which it would effect the entire planet's output.
It's not "our" oil, "we" didn't pump it. It is owned by the land owners with mineral rights, leased to companies to extract it, send to refiners to prepare the product, distributed to retail location for our consumption.
We pay Global Spot prices set by traders on Wall Street and in London. Has Zero to do with the oil companies.
Since the Glass-Steagall Act was repealed by the passing of the Financial Modernization Act during the Clinton Presidency, speculation on commodities was allowed again, Glass Steagall was passed after the Great Depression and commodities were only allowed to be purchased on Wall Street by companies who actually took physical deliveries of corn, oil, wheat etc.
Now anyone, including Big Banks/Hedge Funds can just buy up oil, wheat, gold, silver, u name it, never taking delivery, and manipulate prices.
Do you own paper shares of Gold? Good luck if there's ever a run on Gold, there are way more paper shares of gold out there than what exists physically. It's the same with all the other commodities.
Anyways, from my recollection, speculators have caused like three major stock exchange crashes in history dating back to the 1800's. Including the Great Depression.
When u realize there's an army of traders sitting at desks at all these financial behemoths like Goldman Sachs who spend their days buying and selling everything from cotton to oil to corn for 10 hrs. a day trying to make a buck and 1 bushel of corn trades hands 15 times in 1 hour, well anyways.
If you look at the price of gas historically, it was stable until Glass-Steagall was repealed, and then up and up and up it went.
Did I tell you Glass-Steagall also prohibited Banks from playing on Wall Street? 2008 crash was a direct result, and now we are 40 trillion in the hole s a nation.
It's traded on the world market. Foreign companies buy our oil and push the price up.....
Exactly correct my friend. AverageIdiotDoi clearly has no idea how the global oil market affects pricing of all oil based products.
A lot of states make bank on oil production as well. It's around 100 million a month for oklahoma. That's money they raise without additional taxes.
Gouging hard working Americans in war time…based on market speculation/fear. That deserves a penalty of death in my book…the thought of that must make some limp wrists sweat a little right chiefwoody? Trump does understand this, that the thought of this military operation is a plausible reason for big oil to make the prices go way up. That’s why he’s saying when it’s settled they better drop as fast as the went up. Thats why he’s trying to pause the federal tax on fuel to help us. It’s all a scam by big oil.
I'm not sweating, You are, and this is why. This is a very detailed explanation of what Trump is doing. You talk like you know everything Trump is doping. You do not. I challenge you to read every word in this article below. I doubt you will though because you are either blinded by globalists propaganda, or you are just too arrogant to admit the truth. I posted this in a previous reply to you and clearly you did not read it. Are you a left wing puppet? I think you are, but you will never admit that. However, you don't have to because your attitude regarding what Trump and his allies are doing to save the world and America from the DS globalists proves you are a puppet and you will never root for America, Trump or anyone else that doesn't think like you.
The Complete Primer: From Iran to China and the guide to the Trump-Xi Summit Energy, Rare Earths, and the Strategic Competition That Explains Everything Happening in Beijing This Week Disclaimer: This is the companion piece to "The Forty-Seven Years' War," published May 10. That article told the vertical story of Iran. This one tells the horizontal story. It is about China.
A note on sourcing:
I served with 1st Special Forces Group and spoke Mandarin Chinese at a 1+/1+ proficiency (OR lack thereof.) Nothing in this article is drawn from any classified information while with 1st Group. Everything here comes from open-source research, publicly available data, and my own analysis. https://x.com/ThePowerAudit/status/2054281337096286230
BREAKING — WINS FOR TRUMP: After 47's meeting with President Xi, China wants to buy AMERICAN ENERGY and OIL, and agrees Iran must be banned from EVER having a nuclear weapon
China wants to be LESS reliant on the Strait of Hormuz — and OPPOSES Iran tolling the waterway
And they're preparing to open up their markets
WHITE HOUSE: “The two sides discussed ways to enhance economic cooperation between our two countries, including expanding market access for American businesses into China and increasing Chinese investment into our industries."
"The two sides agreed that the Strait of Hormuz must remain open to support the free flow of energy. President Xi also made clear China’s opposition to the militarization of the Strait and any effort to charge a toll for its use, and he expressed interest in purchasing more American oil to reduce China’s dependence on the Strait in the future. Both countries agreed that Iran can never have a nuclear weapon.”
https://x.com/EricLDaugh/status/2054864592556224932
They call it Brent crude as a cover as if it’s tapped from the British North Sea Brent fields where in actual fact they are just the price fixers
Their are two types listed on the exchange Brent and regular. One is thicker than the other.
And used to be they couldn't export the oil, but oil companies lobbied Congress to allow them to build export platforms so they could take American oil offshore. It wasn't that many years ago this started happening, and if memory serves me correct it may have even been when America was still importing oil.
They predicated the export platforms on the premise of exporting LNG, but I seriously doubt that last longer than the time it took to build them.
I can remember the company I worked for trying to get the employees to contact their Congressmen to make sure the law passed. I knew then it would screw Americans.
They still used the world market price,before it was changed.
AverageIdiotDoi please read this and then you will fully understand why gas prices in the USA are affected by the global oil market. It's much more complicated than you realize. market.https://x.com/ThePowerAudit/status/2054281337096286230
the oil companies are owned by the globalists. not US held companies. no oil shortage or scarcity has EVER existed.
We pump our own petroleum out of the ground. But we don't have enough refinery capacity to produce all the finished product (gasoline, Diesel, jet fuel) that we need. We have to purchase finished product as imports. Made from oil obtained at world prices, but in short supply due to Iranian attacks against Gulf oil refineries.
Think supply chain.
We need more refineries for sure !
Great idea, but, for some reason they end up blowing up at the worst times.... 🤔 ✌️
In South Carolina, the price jumped 64 cents/gal this morning. Somebody is gouging us all at the pump.
I was so happy to see on Monday the price of diesel (which USED to be cheaper than gas) was back to $5 a gallon here. Now, it's at $5.79 and of course today is when I needed to fill up, not Monday. Stinks.
The pricing model for Gas and Energy and the broader international economy at large is largely one based on speculation and what things might happen.
Partly why a War half way across the world can send stocks and Businesses in countries completely unaffiliated with the conflict plummeting.
*Speculation and fear.
Don’t forget State Regulations that screw the little guy based on ‘meh… Global Warming. California has regulated two refineries right out of the State. Mandates EVs don’t have to pay a gas tax that helps pay for road repairs- yet they still use the roads.
In the past part of the blame for the rising price of oil was placed on supply and demand coupled to the value of the American petro dollar.
The value of the price of oil & the buying power of the American petro dollar are intertwined and related.
When the value of the American dollar decreases the price of oil increases.
When value of the American dollar increases, the value of the price of oil decreases.
The Iran war has helped cover some of this up by pushing some of the blame on the conflict.
The U.S. has no shortage of oil yet with current prices the oil cartel is making money hand over fist on the backs of innocent citizens. The poor are the ones who will suffer the most.
How did middle east countries keep price close to $2.00/gallon when is was way higher in the developed world. Free market is an answer but maybe not a good one, Just asking.
Because many countries in the middle east subsidize their gas. I believe Saudi Arabia still subsidizes it the most. UAE used to have it highly subsidized until 2015 when they drastically cut the subsidies.
We in the USA however don't get subsidies. Instead the Federal and State governments Tax us instead.
One of the most fascinating rumors surrounding the Trump-Xi meeting in Beijing is this:
https://x.com/Ken_LoveTW/status/2054787382365626371
We need many new refineries though. That's our weak spot.
Don't ignore inadequate domestic refining capacity
Think about it for a second. Trump pushes drill baby drill, then Trump takes control of Venezuela's oil, then Trump starts a war with Iran that takes 20% of the world's supply of oil off the market. (And Trump takes control of all the world's maritime chokepoints)
All of a sudden the America's (Trump) become the world's supplier of oil. $100 oil is extremely profitable for the US economy as a whole.
The US (Trump) now controls the price, shipping and production of most of the world's oil. Not the City of London, not OPEC, Trump controls the energy supply for the world.
From Tariffs, to Oil, this is strategic planning. Add in the Clarity Act and Stable coins and the US takes back control of the Dollar. The $40T debt becomes a non issue, or rather it becomes the backbone of Stable coins.....
America Does NOT Refine all the oil it needs. We have plenty of oil. Oil has different Grades, like Diesel, Kerosene, etc. . . SO, We need more Refineries ! We do have to Import to Fill in the Blanks.
That's not how this works. That's not how any of this works...
I've said this from day one.
Also for an education on oil here the US produces light sweet crude oil. Light sweet crude refining is inefficient so we dont have much capacity to refine it here so all the US light sweet crude oil is shipped overseas. We import heavy crude oil which most of the us refineries are setup to refine. Oil is tied to a world wide distribution network so the price is very controlled with the exception of how much tax is added per gallon being the difference State to State. Presidents really have little control over the direct price. What they do have control over is Biden on day one shut all drilling in the US and shut off Oil coming in from Canada and depleted the U.S. Strategic Petroleum Reserve . DJT is currently refilling the U.S. Strategic Petroleum Reserves and has opened up massive drilling here in the US. DJT has a slogan "drill baby drill". Once the oil market is saturated and its coming the price will crater. I would guess by the time hes out of office it will be at or below the low of $2.39 from 2021. This is a temporary price hike which I believe is alot of greed on the oil companies part taking advantage of the situation. Not much of the US crude oil comes out of the Strait of Hormuz anyway. Also as a FYI Saudi Arabia built a few decades ago a pipeline (Petroline) that goes from the eastern coast to the red sea so the Strait of Hormuz is a non player. Anyway it doesnt matter since the US gets its heavy crude from Mexico and Canada for the most part.
This is somewhat true in our own backyard and Inventory ,However Commodities don't work like that on the World Markets,everything is Future's Based and i mean everything.
It's like saying this Basket is full and were fine and your not looking at the whole Barrel ,the prices aren't up because of a shortage on the planet as of today ,there up because of the uncertainty of Iran loosing it's wells output percentages tomorrow in which it would effect the entire planet's output.
On Monday my mom got gas at kroger fuel it cost 3.99. She needed 8,5 gallons it costs 33.00
More to the story...
https://greatawakening.win/p/1ASsL5JTXi/-glenn-beck--this-is-why-gas-is-/
If that were true, why wouldn't Trump tell the public? Why would he let the public blame him and the Iran war?
Why should they get our oil?
Why should empty suits reap the windfall?
Use it here.
Americans are suffering here.
America First.
It's not "our" oil, "we" didn't pump it. It is owned by the land owners with mineral rights, leased to companies to extract it, send to refiners to prepare the product, distributed to retail location for our consumption.
City of London fixes the crude oil price through the Brent index, which originally was just for North Sea oil. Here's an article that explains it:
https://www.tmgm.com/en/academy/trading-academy/brent-crude-oil
It appears to me, that The City Of London needs to become a museum.
We pay Global Spot prices set by traders on Wall Street and in London. Has Zero to do with the oil companies. Since the Glass-Steagall Act was repealed by the passing of the Financial Modernization Act during the Clinton Presidency, speculation on commodities was allowed again, Glass Steagall was passed after the Great Depression and commodities were only allowed to be purchased on Wall Street by companies who actually took physical deliveries of corn, oil, wheat etc. Now anyone, including Big Banks/Hedge Funds can just buy up oil, wheat, gold, silver, u name it, never taking delivery, and manipulate prices. Do you own paper shares of Gold? Good luck if there's ever a run on Gold, there are way more paper shares of gold out there than what exists physically. It's the same with all the other commodities. Anyways, from my recollection, speculators have caused like three major stock exchange crashes in history dating back to the 1800's. Including the Great Depression. When u realize there's an army of traders sitting at desks at all these financial behemoths like Goldman Sachs who spend their days buying and selling everything from cotton to oil to corn for 10 hrs. a day trying to make a buck and 1 bushel of corn trades hands 15 times in 1 hour, well anyways. If you look at the price of gas historically, it was stable until Glass-Steagall was repealed, and then up and up and up it went. Did I tell you Glass-Steagall also prohibited Banks from playing on Wall Street? 2008 crash was a direct result, and now we are 40 trillion in the hole s a nation.