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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 2026/03/09
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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 2
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 -------- who said Putin is afraid of the decomposing-------------------.
#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
Idiocracy has entered the chat
#23 | Posted by truthhurts at 2026-03-09 01:45 PM | Reply | Newsworthy 2
#22 Strawman argument? Yeah!
#24 | Posted by A_Friend at 2026-03-09 01:47 PM | Reply
#22 | Posted by BellRinger
Deflect harder. It's funny.
#25 | Posted by Sycophant at 2026-03-09 01:53 PM | Reply
None of you can deny my point. How many pushes have we seen to be carbon free by, say, 2035? Can't do that unless the oil industry is killed altogether.
Just own it.
#26 | Posted by BellRinger at 2026-03-09 01:58 PM | Reply
I do want oil prices to be higher, for it to be taxed more over time to encourage people to use safer and more socially responsible alternatives.
But I also realize that people currently rely on oil for heating and getting to work. And that it is not reasonable for people to switch to alternatives (electric cars, heat pumps) in a short period of time.
I advocate for increasing the price of oil over the course of years and decades. While you are talking about increasing its price by almost 50% over the course of three weeks.
I want consistent, deliberate, and gradual policy change so that people can make informed decisions about the future and adjust gradually. Not conservative chaos that results in 50% oil spikes and American citizens getting caught in a war zone without any warning.
So yes, your strawman is pretty idiotic.
#27 | Posted by gtbritishskull at 2026-03-09 01:58 PM | Reply | Newsworthy 2
None of you can deny my point.
#26 | Posted by BellRinger
There you go. I just did. Now are you going to deny mine, or just run away?
#28 | Posted by gtbritishskull at 2026-03-09 01:59 PM | Reply | Newsworthy 1
A necessary sacrifice. According to Trump and his supporters, Iran is an imminent nuclear threat. Only now since they have to defend this war, of course. And less than a year after Trump claimed Iran's nuclear program was "completely and totally obliterated".
#29 | Posted by Derek_Wildstar at 2026-03-09 02:04 PM | Reply
If you think that is funny, you should really laugh that MAGAtards rolled back domestic alternative energy initiatives, caused massive instability in the world so oil costs go through the roof, all while talking about "energy security".
But you won't. You deflect. Because you're a hack.
Trump promised to fill America's oil reserves right to the top.' A year later, oil has exceeded $100 and they're still less than 60% ful
Yuck it up, -------.
#30 | Posted by horstngraben at 2026-03-09 02:05 PM | Reply
How many pushes have we seen to be carbon free by, say, 2035?
Can you see the difference between transitioning away from oil over the course of 10 years vs transitioning over the course of a month?
#31 | Posted by gtbritishskull at 2026-03-09 02:06 PM | Reply
You actually proved my point but also nicely raised an effective counter point about phasing out gradually and orderly. So, I'll drop the hypocrisy angle regarding current price spikes.
I will point out that you are envisioning a pipe dream. EV's require far more carbon inputs to be built than ICE vehicles. Not to mention all of the other issues with EV's. Absent new technology coal and natural gas will never go away for power plants. Unless we go full nuclear.
#32 | Posted by BellRinger at 2026-03-09 02:08 PM | Reply
---- off you cooze-gargling MAGAloid.
#33 | Posted by LegallyYourDead at 2026-03-09 02:10 PM | Reply | Newsworthy 1
" EV's require far more carbon inputs to be built than ICE vehicles."
You're using Republican Math, and only counting short-term costs. That's not the full equation. In fact, you're leaving out the most important part.
Now do long term.
#34 | Posted by Danforth at 2026-03-09 02:12 PM | Reply | Newsworthy 1
-I do want oil prices to be higher, for it to be taxed more over time to encourage people to use safer and more socially responsible alternatives.
is there any public support for higher taxes on energy to curb usage?
Seriously.....is there meaningful support for that from the democratic party?
#35 | Posted by eberly at 2026-03-09 02:12 PM | Reply
#32 Your point, such as it was, was that all liberals want all oil consumption stopped now.
And, as usual, you were handed your ass that what you claimed was a strawman argument, and you claimed it was a victory.
LOL.
#36 | Posted by A_Friend at 2026-03-09 02:12 PM | Reply
None of you can deny my point. How many pushes have we seen to be carbon free by, say, 2035? Can't do that unless the oil industry is killed altogether. Just own it.
The oil literally raining down on Iranian children is sort of anti climate you soulless ----
#37 | Posted by truthhurts at 2026-03-09 02:13 PM | Reply | Newsworthy 1
jeff is a lying self admitted troll.
he is a piece of ----
#38 | Posted by truthhurts at 2026-03-09 02:14 PM | Reply | Newsworthy 1
#35 Eb says, "is there any public support for higher taxes on energy to curb usage?"
Wouldn't be necessary if alternative energy sources were embraced and expanded, not cancelled like under Trump.
#39 | Posted by A_Friend at 2026-03-09 02:14 PM | Reply
#34 Danforth says, "That's not the full equation."
Of course it isn't.
Lying by omission seems to be bell boi's coin of the realm.
#40 | Posted by A_Friend at 2026-03-09 02:17 PM | Reply
China is kicking our ass on EVs, solar and wind farming.
The USA was primed to take the lead on alternative energy, but you MAGAdiot cavemen wanted us to lose bigly.
You got what you voted for, and dragged us into this pit with you. I don't care if you suffer for it, you got what you voted for. I am pissed that we have to suffer for your stupid decisions, too.
#41 | Posted by chuffy at 2026-03-09 02:28 PM | Reply | Newsworthy 1
" You're using Republican Math, and only counting short-term costs. That's not the full equation. In fact, you're leaving out the most important part.
#34 | POSTED BY DANFORTH AT 2026-03-09 02:12 PM | FLAG: "
My point is that if we are going to truly go carbon free EV's can't be built. Various studies exist but the last one I saw showed that next to a comparable ICE vehicle both need to be driven about 60K miles for the carbon output of the ICE vehicle to catch up to the carbon inputs needed to build the EV. That doesn't even get into other environmental problems EV's have in terms of mining precious metals, battery disposal, etc.
#42 | Posted by BellRinger at 2026-03-09 02:32 PM | Reply
#42 Your "point" was that liberals want all oil production stopped now.
If you truly gave a --- about energy issues and policies, you would be all in for Biden and the Democrats' move to alternative energy sources.
But you don't.
So now you've moved the goal posts and announced that "My point is that if we are going to truly go carbon free EV's can't be built."
That's a far cry from this:
It is funny watching lefties whine about the price of oil when they want to regulate its usage out of existence. #22 | Posted by BellRinger
#43 | Posted by A_Friend at 2026-03-09 02:38 PM | Reply
" If you truly gave a --- about energy issues and policies, you would be all in for Biden and the Democrats' move to alternative energy sources"
Those sources suck. Wind and solar are worse than fool's gold. One good thing that came during his administration - Congress passed a bill for the creation of several new nuclear power plants and auto pen signed it into law.
#44 | Posted by BellRinger at 2026-03-09 02:55 PM | Reply
"Those sources suck. Wind and solar are worse than fool's gold"
---Nostradumbass
Meanwhile Renewable energy sources accounted for approximately 9% of total U.S. primary energy consumption and over 22% of utility-scale electricity generation in 2024, driven by rapid growth in wind and solar. Wind is the largest source of renewable electricity, followed by hydro and solar, with renewables expected to make up 37.4% of electricity generation by 2030. Key Renewable Energy Statistics (2024"2025): Total Energy Consumption: Renewables made up about 9% of total U.S. energy consumption. Electricity Generation: Renewable sources (including small-scale solar) accounted for 24.2% of U.S. electricity generation in 2024. Leading Sources: Wind and solar are the fastest-growing, with wind being the largest producer. Growth Trend: In 2024, wind and solar combined generated more electricity (17%) than coal (15%) for the first time. Future Outlook: Renewables are expected to account for 93% of new utility-scale power capacity in 2025. Breakdown of Renewable Sources (2022/2023): Wind: ~45% of renewable electricity. Hydropower: ~26% of renewable electricity. Solar: ~21% of renewable electricity. Biomass/Geothermal: Remaining share of renewables.
jeff is just a stupid stupid stupid human being
#45 | Posted by truthhurts at 2026-03-09 02:59 PM | Reply | Newsworthy 3
#44 What? We're supposed to believe your "those sources suck."
Or do we look at what our #1 global economic adversary is doing regarding those sources?
As China becomes the global leader in renewable energy, the U.S. is falling behind China is expanding renewable energy exponentially while the U.S. is going backward. How China became the global leader, why the U.S. falling behind and what it means for these countries' economies.
China is expanding renewable energy exponentially while the U.S. is going backward. How China became the global leader, why the U.S. falling behind and what it means for these countries' economies.
#46 | Posted by A_Friend at 2026-03-09 03:00 PM | Reply
Renewable energy sources accounted for 24.5% of the EU's final energy consumption in 2023, with a significantly higher share of over 47% in electricity generation, according to European Environment Agency (EEA) and Eurostat. In the first half of 2024, renewable electricity hit 50%, driven by wind and solar.
More "worse than fool's gold"
#47 | Posted by truthhurts at 2026-03-09 03:00 PM | Reply | Newsworthy 3
As of late 2025, renewable energy sources constitute over 59% of China's total installed power generation capacity, exceeding 2,200 GW. In the first three quarters of 2025, renewable generation accounted for roughly 40% of total electricity production, marking a rapid transition toward the country's 2030, 25% non-fossil energy consumption goa
Jeff'Iamadummy"j
#48 | Posted by truthhurts at 2026-03-09 03:01 PM | Reply | Newsworthy 2
It is easy to now contemplate gas at six or seven dollars a gallon. Especially here in SoCal.
affordability? thanks magats
#49 | Posted by moder8 at 2026-03-09 03:01 PM | Reply
#47 | #48 Thanks, TH!
Excellent information.
#50 | Posted by A_Friend at 2026-03-09 03:02 PM | Reply
fool's gold donchaknow! even WORSE than fool's gold or so I hear
#51 | Posted by truthhurts at 2026-03-09 03:04 PM | Reply
Jeff powers his house with coal and buggy whips
#52 | Posted by truthhurts at 2026-03-09 03:04 PM | Reply | Newsworthy 1
#52 Buggy whips, TH?
Why, that's sure to serve more than just one purpose for bell boi.
#53 | Posted by A_Friend at 2026-03-09 03:08 PM | Reply
Posted by BellRinger at 2026-03-09 02:55 PM | Reply
You do not know what you are talking about as per the usual Jeff.
#54 | Posted by LauraMohr at 2026-03-09 03:14 PM | Reply | Newsworthy 1
Like when he sold the SPRs and lifted the ban on federal leases for drilling?? LMAO you raetards are pathetic.
Where's the "the president doesn't have anything to do with the price of oil" crowd now???
#55 | Posted by lfthndthrds at 2026-03-09 03:15 PM | Reply
@#4 ... Trump is leading us into a recession. ...
Trump says he has a plan for oil prices: "You'll be very happy" www.cbsnews.com
... Post: President Trump told the New York Post he has a plan to address surging oil prices, as the U.S.-Israeli operation in Iran moves forward. "I have a plan for everything, OK?" he told the Post. "I have a plan for everything. You'll be very happy." The president did not elaborate. ...
"I have a plan for everything, OK?" he told the Post. "I have a plan for everything. You'll be very happy."
The president did not elaborate. ...
#56 | Posted by LampLighter at 2026-03-09 03:17 PM | Reply
@#8 ... If oil is selling at $100/barrel on the commodity exchange, no oil company is going to sell oil at $60/barrel in America. ...
Related ...
Putin Asks Russian Oil, Gas Firms to Use High Prices to Cut Debt financialpost.com
... Russia's President Vladimir Putin urged nation's oil and gas producers to take advantage of sky-rocketing commodities prices to reduce their debt, because the spike will be temporary. Article content With the Strait of Hormuz being "effectively closed" amid the Middle East conflict, oil production relying on the route "risks stopping completely" within a month, Putin said at a meeting with government officials and energy executives. It will take "weeks, if not a month" to restore liquefied natural gas capacity in the region and it's "impossible to quickly compensate for the lost volumes," he added. ...
With the Strait of Hormuz being "effectively closed" amid the Middle East conflict, oil production relying on the route "risks stopping completely" within a month, Putin said at a meeting with government officials and energy executives. It will take "weeks, if not a month" to restore liquefied natural gas capacity in the region and it's "impossible to quickly compensate for the lost volumes," he added. ...
#57 | Posted by LampLighter at 2026-03-09 03:21 PM | Reply
Where's the "the president doesn't have anything to do with the price of oil" crowd now??? #55 | Posted by lfthndthrds
I remember the "No War For Oil" crowd.
I'm not aware of the "Oil Price Isn't Affected By War" crowd.
I don't think anyone that stupid exists, outside your imagination.
#58 | Posted by snoofy at 2026-03-09 03:32 PM | Reply
"My point is that if we are going to truly go carbon free EV's can't be built."
Who ever claimed THAT absurdity?!?
Basically, you're arguing against a stance only a moron would take. The quintessential example of a strawman.
#59 | Posted by Danforth at 2026-03-09 03:37 PM | Reply
"Various studies exist but the last one I saw showed that next to a comparable ICE vehicle both need to be driven about 60K miles for the carbon output of the ICE vehicle to catch up"
Well, since cars average more than double those miles, what does your Actual Math tell you?
From Google AI: most modern cars are capable of lasting 12+ years and 200,000+ miles
The average junked car has 156,000 miles on it.
Looks like you just made the case for the other side.
#60 | Posted by Danforth at 2026-03-09 03:46 PM | Reply
#58 | Posted by snoofy at 2026-03-09 03:32 PM | Reply | Flag:
It's surprising how stupid some are...
They have a few who thought Joe Biden was going to remove the country from oil dependence but he opened up the SPR for sale to help the midterms and he pulled back the ban on drilling leases. There's even one here, so stupid, they actually think burning trees for energy is actually a renewable resource...
#61 | Posted by lfthndthrds at 2026-03-09 03:47 PM | Reply
#61 Because burning trees for energy is so contemporary, right?
Evidence suggests that early humans and Neanderthals were intentionally creating and controlling fire as early as 400,000 years ago. Recent discoveries in Suffolk, England, revealed baked clay, heat-fractured flint handaxes, and iron pyrite fragments, indicating that early hominins had mastered the ability to make fire, rather than just using natural, accidental fires.
Amirite?
#62 | Posted by A_Friend at 2026-03-09 03:50 PM | Reply
We're on a wild ride until this war is over. And then for weeks or months afterwards with oil production disruptions.
#63 | Posted by AMERICANUNITY at 2026-03-09 03:57 PM | Reply
@#63 ... We're on a wild ride until this war is over. ...
Trump says U.S.-Israeli war with Iran is "very far ahead of schedule" www.cbsnews.com
... Trump says U.S.-Israeli war with Iran is "very far ahead of schedule" President Trump told CBS News that he believes the U.S.-Israeli war with Iran is "very far ahead of schedule." "I think the war is very complete, pretty much," he said. ...
President Trump told CBS News that he believes the U.S.-Israeli war with Iran is "very far ahead of schedule."
"I think the war is very complete, pretty much," he said. ...
#64 | Posted by LampLighter at 2026-03-09 04:01 PM | Reply
Is Pres Trump thinking of taking over the Strait of Hormuz?
#65 | Posted by LampLighter at 2026-03-09 04:03 PM | Reply
Posted by BellRinger
Texas. T E X A S:
As of 2023-2024, wind energy represents roughly 25% to 28.6% of Texas' total electricity generation, ranking it second only to natural gas. Texas leads the nation in wind energy, producing over 26% of all U.S. wind-powered electricity in 2022, with capacity exceeding 40,000 MW.
#66 | Posted by AMERICANUNITY at 2026-03-09 04:08 PM | Reply
#65 And is that before or after he attacks/invades Cuba?
#67 | Posted by A_Friend at 2026-03-09 04:08 PM | Reply
"...(Biden) opened up the SPR for sale to help the midterms"
Which he refilled for a lower price. It was sold at $95, and bought back at $76.
JFC, it takes A LOT of Republican Math to misrepresent the facts.
One of which is, you'd be congratulating Trump or Dubya for the same profit margins.
#68 | Posted by Danforth at 2026-03-09 04:10 PM | Reply
"Texas leads the nation in wind energy..."
And that's just from the Texas Congresscritters yapping!
#69 | Posted by Danforth at 2026-03-09 04:11 PM | Reply
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