'Catastrophic Price Shock' Coming
As oil prices surge and supply dwindles globally, energy experts predict a catastrophic price shock that could decimate Republican chances in the midterms, reports Politico's Scott Waldman and Eli Stoklos.
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reinheitsgebot
Joined 2006/11/29Visited 2026/04/28
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Oil price hits $110 on Iran talks uncertainty ft.trib.al/XcDPXjF[image or embed]" Financial Times (@financialtimes.com) Apr 28, 2026 at 2:31 AM
Oil price hits $110 on Iran talks uncertainty ft.trib.al/XcDPXjF[image or embed]
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This is what I voted for. --Boaz
#1 | Posted by snoofy at 2026-04-28 10:12 AM | Reply | Funny: 1
What will they say when gas prices finally go higher than "Biden's" prices? Will they acknowledge that this time it's entirely of our own making?
#2 | Posted by jpw at 2026-04-28 11:15 AM | Reply
Well, JPW, you want to long answer or the show answer? Ah, hell, how about both? "No."
#3 | Posted by Doc_Sarvis at 2026-04-28 11:18 AM | Reply
I don't understand that with all the money we've given the oil industry in subsidies over the decades why our infrastructure hasn't been upgraded to actually process the oil that is produced domestically so we don't have to rely so completely on foreign oil.
Of course that would require long term planning, something America seems lethally allergic to.
#4 | Posted by MBlue at 2026-04-28 11:18 AM | Reply
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