Oh, I'm gonna get me religion
I'm gonna join the Baptist Church
Oh, I'm gonna get me religion
I'm gonna join the Baptist Church
I'm gon' be a baptist preacher
And I sure won't have to work
Oh, I'm gonna preach these blues now
And I want everybody to shout
Mm-mm, I want everybody to shout
I'm gonna do like a prisoner
I'm gon' roll my time on out
Oh, in my room, I bowed down to pray
Oh, up in my room
I bowed down to pray
Then the blues come along
And they blew my spirit away
Oh, I'd'a had religion
Lord, this very day
Oh, I'd'a had religion
Lord, this very day
But the women's and whiskey
Well, they would not let me pray
Oh, I wish I had me
A heaven of my own
Yeah, Heaven of my own
Then I'd give all my women
A long, long happy home
Yeah, I love my baby
Just like I love myself
Oh, just like I love myself
But if she don't have me
She won't have nobody else
--Son House, "Preacher Blues"
The near-term contract for US benchmark West Texas Intermediate is at $68.16 as I write this, down 15% from its 2025 high (on January 15) of $80.
One thing I've learned by living in Okiehomie is that all the easy oil has been found and developed. What is coming out of the ground from new wells is much more expensive to develop. Oil producers are NOT going to develop wells where the cost of that oil is higher than the market-clearing price. What the market is telling us is that demand for oil is slackening, so the price is falling, and has passed the point of profitability for many wells, so production is also slowing. No one is going to sell oil for less than it costs to get it to market. No one. This is not about Biden's policies, it's about the market. Sad to think that the head of our government knows so little about math and economics that he says things with such surety that his mouth-breathing followers believe him, yet then cannot understand when facts make a liar or a fool out of the fat orange criminal insurrectionist and golf cheat...