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Oil Tops $100 per Barrel
Oil prices on Sunday crossed into triple digits for the first time since 2022 " a stark sign of how the Iran war is throttling global supplies and raising consumers' costs.
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Sycophant
Joined 2009/02/12Visited 2026/03/08
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Trump Is Risking a Global Stagflation Crisis With His Iran War The effect on oil and gas could be much, much larger than he thinks. And that shock will be passed on to every sector of the economy.[image or embed]" Jon Cooper (@joncooper-us.bsky.social) Mar 7, 2026 at 6:46 PM
Trump Is Risking a Global Stagflation Crisis With His Iran War
The effect on oil and gas could be much, much larger than he thinks. And that shock will be passed on to every sector of the economy.[image or embed]
Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.
And now past $116
#1 | Posted by Sycophant at 2026-03-08 11:59 PM | Reply
Drill Baby Drill!
#2 | Posted by snoofy at 2026-03-09 12:06 AM | Reply
Bummer...
#3 | Posted by oneironaut at 2026-03-09 12:11 AM | Reply
Oil futures start trading at 6 pm Sun-Fri (it trades 5 days a week)
On another topic: Dow futures are down -1000, NASDAQ down -557, currently
Trump is leading us into a recession.
Normally, the fed would cut rates under that scenario, but inflation is ticking up too. All thanks to tariffs and now this war. Things are gonna get tough for a lot of Americans Trump is supposed to be helping and protecting.
#4 | Posted by AMERICANUNITY at 2026-03-09 12:19 AM | Reply
"Trump is leading us into a recession."
If Trump continues leading it will be a Greatest Depression.
#5 | Posted by snoofy at 2026-03-09 12:20 AM | Reply
"Oil futures start trading at 6 pm Sun-Fri (it trades 5 days a week)"
You can buy lots of assets after hours now. This is supposed to be a feature. In a sense, I suppose it is.
When I was a kid, and when many of you were maybe buying stocks for the first time, stocks went up or down at most an eighth. We should probably go back to something like that.
#6 | Posted by snoofy at 2026-03-09 12:26 AM | Reply
Simply charging a penny per transaction would put a dent in the debt.
But that would be "bad for business."
#7 | Posted by snoofy at 2026-03-09 12:29 AM | Reply
Idiots are showing they don't understand how commodities work
If oil is selling at $100/barrel on the commodity exchange, no oil company is going to sell oil at $60/barrel in America.
Thanks capitalism.
And thanks magat scum
#8 | Posted by truthhurts at 2026-03-09 12:31 AM | Reply
#6 | Posted by snoofy
I remember too.
What didn't exist back then were computer programs buying and selling in milliseconds. It's rigged against retail investors (individuals).
#9 | Posted by AMERICANUNITY at 2026-03-09 12:35 AM | Reply
Short sellers are rejoicing right now.
#10 | Posted by AMERICANUNITY at 2026-03-09 12:50 AM | Reply
$150 pb is no longer unreasonable.
$200 is actually around the corner.
Whats was the plan to keep the oil flowing?
I think the plan was this will be over in a week.
The War (that is NOT a war) may never be over now. I don't see an end in sight.
Well.. civilization was fun!
It was a good run while it lasted folks. We really did make some cool stuff. Too bad we decided to destroy ourselves with it.
Maybe next time.
#11 | Posted by donnerboy at 2026-03-09 11:26 AM | Reply
Time for another war to lower oil prices.
#12 | Posted by Zed at 2026-03-09 11:29 AM | Reply
More refineries would be great,but that could dive prices down.
Refineries are closing, forcing less production.
How to make a bigger profit....
#13 | Posted by Petrous at 2026-03-09 11:31 AM | Reply
POSTED BY PETROUS
Easy. Make a bigger war.
#14 | Posted by donnerboy at 2026-03-09 11:34 AM | Reply
Jesse Eisinger @jeisinger.bsky.social 12h With oil at $110, I'd guess the equity markets give up another 3-5% over the next few days.
And then Trump TACOs.
The result? The war will have succeeded in clearing out the Iranian gerontocracy for a new generation of younger extremist Mullahs.
#15 | Posted by reinheitsgebot at 2026-03-09 11:54 AM | Reply | Newsworthy 1
Saudi Arabia Starts Reducing Oil Production As Hormuz Closure Fills Storage www.ndtv.com
... Saudi Arabia has started reducing oil production as the near-blockage of the critical Strait of Hormuz starts filling storage tanks, according to a person familiar with the matter, even as it rushes to reroute some supplies through the Red Sea. The cuts by the kingdom, the world's biggest oil exporter, follow the United Arab Emirates, Kuwait and Iraq. Some of the countries have been preemptively turning production lower so as not to overwhelm storage too quickly and avoid a complete shutdown of output. ...
The cuts by the kingdom, the world's biggest oil exporter, follow the United Arab Emirates, Kuwait and Iraq. Some of the countries have been preemptively turning production lower so as not to overwhelm storage too quickly and avoid a complete shutdown of output. ...
#16 | Posted by LampLighter at 2026-03-09 12:20 PM | Reply
A fat, old, orange, demented, pedophile-protector did that!
#17 | Posted by anton at 2026-03-09 12:21 PM | Reply
Idiots are showing they don't understand how commodities work If oil is selling at $100/barrel on the commodity exchange, no oil company is going to sell oil at $60/barrel in America. Thanks capitalism. And thanks magat scum
#8 | Posted by truthhurts at 2026-03-09 12:31 AM | Reply | Flag: (Choose)
I thought you and your "climate change" phonies would be happy about the higher oil prices? And where were you when the Dow hit 50K. Oh yes, yelling to your Mommy to make you a another grilled cheese. The market will bounce back and oil will be down shortly.
#18 | Posted by fishpaw at 2026-03-09 12:42 PM | Reply | Newsworthy 1
Fishpud is the fucktard who said Putin is afraid of the decomposing orange child rapist.
#19 | Posted by reinheitsgebot at 2026-03-09 12:43 PM | Reply
Well let's just remember the important part, the Trump Crime Family is making out like the bandits they are
#20 | Posted by Corky at 2026-03-09 12:45 PM | Reply
Wow, Joe Biden really messed up the price of oil during his presidency. It's a good thing we have FDT to make everything better!
#21 | Posted by chuffy at 2026-03-09 01:39 PM | Reply
It is funny watching lefties whine about the price of oil when they want to regulate its usage out of existence.
Consistency? Nah!
#22 | Posted by BellRinger at 2026-03-09 01:43 PM | Reply
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