Oil Prices Expected to Increase

Monday, March 02, 2026

Energy analysts at Barclays predicted crude oil prices would hit $100 a barrel "as the market grapples with the threat of a potential supply disruption amid a spiralling security situation in the Middle East."

Posted by Sycophant at 02:31 PM | 38 COMMENTS | permalink

The U.S. and Israel's strikes against Iran risk a wide conflict that could undermine President Trump's goal of low fuel costs.

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-- The Wall Street Journal (@wsj.com) Mar 2, 2026 at 12:10 PM

Comments

Not to worry.
Were "energy independent" now!
Right, Republicans?

#1 | Posted by snoofy at 2026-02-28 10:12 PM

In CA we were already expecting this.

There's 20tankers sitting in the SFO bay full of oil.

California doesn't have the refinery capacity to support its citizens.

Expected to get worse as Other States and countries order simpler formulations.

Thanks Pedo, I hope Bo@ss likes eating his liver.

thanks magat scum

meanwhile piggy is continuing to steal venezuelan oil

He'll be fine along with his friends in case anyone was worried

The nefarious Trumpf junta is legally steal the oil. Link: www.justice.gov

Gee, dopey, if that were true I'd have a problem getting gas, which I don't. At $4.09 a gallon. Are you retarded? You sound like you're retarded, and have never lived in California. You fake ----- MAGAT bitch.

Oil jumps 10% on Iran conflict
www.channelnewsasia.com

... Brent crude jumped 10 per cent to about US$80 a barrel over the counter on Sunday (Mar 1), oil traders said, while analysts predicted that prices could climb as high as US$100 after United States and Israeli strikes on Iran plunged the Middle East into a new war. ...

The price jumped a buck/gal about 3 weeks ago, $3.29 to $4.39, down to $4.09 at the casino today(NorCal).
Either a pre-emptive price rise or we're about to get really screwed. Again. As usual.

Attack on Iran Could Disrupt Global Fertilizer Markets
www.agriculture.com

... Agri-Pulse's Kim Chipman and Oliver Ward reported that "a prolonged military conflict in the Middle East could potentially upend key commodity markets due to Iran's control of the Strait of Hormuz, one of the world's most important trade routes.

America's crop growers could see fresh price spikes for inputs like fertilizer while battling a multi-year downturn in profitability, experts warned ahead of the attack."

"Prior to the attack over the weekend, certain fertilizer prices were near historic highs for this time of year, said Josh Linville, vice president of fertilizer at StoneX," Chipman and Ward reported.

"A military conflict 'could be devastating' for the global nitrogen and phosphate markets, Linville said in a note late last week prior to strikes on Iran by the U.S. and Israel.

'If that strait shuts down, the world will focus on oil/gas/energy impacts, however, it would have a massive impact on nitrogen and phosphate values,' he said." ...

President War Piggy claimed gas was under $2. What gives?

West Texas Intermediate closed today, March 2, at about $71.50, up almost $10 per barrel from a week ago, when it closed at $62. For those watching at home, that's 15% higher in a week. Remember: oil prices are sticky downward, so they rise faster and easier than they fall. Prices at the pump will reflect this change at the producer level in, oh, about three days. Fill up now, and look forward to Der Dotard promising sunshine, rainbows and lower gas prices. Any day now...

@#11 ... Fill up now ...

I filled up this afternoon on the way home from shopping.

@#11 ... Remember: oil prices are sticky downward, so they rise faster and easier than they fall. ...

From what I've seen over the years, that also holds for gas prices at the pump.

Oil Prices Expected to Increase

Why?

Isn't this why we took over Venezuela?

So we wouldn't be impacted by this war Trump started for Netanyahu?

!#14 ... Why? ...

If the Strait of Hormuz is shutdown, then oil prices will increase (as they have just when there was a threat of it shutting down).

I doubt if Venezuela can make up for the oil that would be missing from the world market if Hormuz were shutdown.

And then there is the comparison of the quality of the Middle East oil compared to that f the Venezuelian oil.

I doubt if Venezuela can make up for the oil

Why? What are you basing this assumption on?

Have we had access to Venezuela oil before, are you factoring that in?

@#16 ... Why? What are you basing this assumption on? ...

The oil fields in Venezuela are not going to come fully online overnight. It is going to take some time to get the oil flowing fully.

Meanwhile, The Strait of Hormuz is having problems now.

www.aljazeera.com

... According to the US Energy Information Administration (EIA), about 20 million barrels of oil transited through the Strait of Hormuz each day in 2024. ...

www.forbes.com

... How much Venezuelan oil is produced daily?
About 860,000 barrels per day (bpd) in November of 2025, according to the International Energy Agency ...

Q2. What kind of oil exists in Venezuela?

Heavy and sour crude oil is what it's called (and much of it is extra-heavy or tar-like). Heavy means more dense, and sour means a high content of sulfur which damages insides of metal pipes.Some of this requires extra processing to become light enough for transport. The U.S. imports heavy oil because some of its refineries on the Gulf Coast were designed to take heavy oil.

Q3. Is this heavy, sour oil hard to produce?

Yes. Primary production in the Orinoco Belt relies on reservoir pressure driving oil into vertical wells or wells with horizontal extensions of 3,000 " 6,000 feet. But this is limited because it can only recover 8% - 12% of the original oil. Secondary and tertiary recovery methods are needed. Although more difficult, they can lead to 20% recovery, or even higher.

Secondary recovery includes waterflooding or gas injection which includes huff-and-puff mode. Diluents, such as naptha or light oil, are needed to lower viscosity so the oil can flow easier through wells and pipes. ...