'Catastrophic Price Shock' Coming

Tuesday, April 28, 2026

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.

Posted by reinheitsgebot at 09:06 AM | 10 COMMENTS | permalink | Comment on This Entry |

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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

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'Catastrophic Price Shock' Coming

This is what I voted for.
--Boaz

#1 | Posted by snoofy at 2026-04-28 10:12 AM | Reply | Funny: 2

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 | Newsworthy 1

"Coming?"

Have you tried to buy a nice cut of beef lately?

We went to a nice steak restaurant the other day.

There was only 4 of us. We each had a filet and a drink. The bill was over $300 dollars.

It was nucking futs.

So I went to the store to buy my own steaks.

They were about $30 a lb.

I bought fish instead. Which also was not cheap.

#5 | Posted by donnerboy at 2026-04-28 12:16 PM | Reply

"We went to a nice steak restaurant the other day."

I no longer go to restaurants unless it is a local coffeeshop to buy a coffee so I can over-tip the underappreciated employees.
That is not chivalry nor a form of humblebrag. That is simply old fashioned common sense.

#6 | Posted by NerfHerder at 2026-04-28 12:25 PM | Reply

Racism is expensive.

#7 | Posted by fresno500 at 2026-04-28 01:19 PM | Reply | Newsworthy 1

What's actually coming is going to make the Great Depression look like a day at the carnival.

#8 | Posted by Whatsleft at 2026-04-28 01:54 PM | Reply

Man, oh man--for being so sleepy and incompetent, it's amazing the long-lasting effects of the Biden presidency. Look now--high grocery and gas prices, reduced crop yields, slackened tourism to the US, a war, and even Jimmy Kimmel threatened with unemployment again. All Biden's fault...

#9 | Posted by catdog at 2026-04-28 03:04 PM | Reply

#9
Don't forget Obama.

#10 | Posted by Doc_Sarvis at 2026-04-28 03:22 PM | Reply