movielover said:

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https://www.pipersandler.com/people

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So let me get this straight.

You're attacking Piper Sandler's forecast on crude oil making new highs because they believe the Strait of Hormuz will not open up anytime soon ... on the number of Caucasian people that are Directors at the company?

You're discrediting Piper Sandler because they have Caucasians as Directors?

You're a DEI advocate now?

DiabloWags said:

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BearlySane88 said:

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Cal88 said:

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Did Sacramento start the war of choice that is causing gas prices in CA to surge by 50% and counting?

https://gasprices.aaa.com/?state=CA

pic.twitter.com/dxABWvplt9

— Adolf Elmer (@adolfelmer) May 21, 2026

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Sacramento started the war of choice against oil consumers many years ago

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I take it you never lived in LA when we used a different blend of gasoline.



L.A.'s forever war on smog - Los Angeles Times

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That's what I grew up in, in San Bernardino. Got much cleaner after the state regulations.

DiabloWags said:

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For context, Trump is releasing 1.5 million barrels per day out of our SPR.

How ironic that none of the Trump supporters seem to have a problem this after lambasting Biden for doing the same thing in 2022.

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Biden's drawdown happened alongside anti-drilling policies (pausing leases, canceling pipelines, heavy regulation), making it a bandage on self-inflicted supply constraints rather than a true emergency response.

Trump's drawdowns are tied to an active geopolitical crisis (Iran/Hormuz disrupting global flows) and paired with aggressive domestic production ramps, permitting reform, and "energy dominance." Releasing while drilling more addresses root causes.

Biden's were largely permanent sales that left the SPR damaged and harder to refill. Trump's are mostly loans/exchanges requiring companies to return more oil later (premiums of 18-24%), with explicit refill plans exceeding drawdowns at no net taxpayer cost. This is closer to the SPR's original intent for temporary supply shocks.

Refill record: Trump filled the SPR in his first term. His team has already added tens of millions post-2025 and vows to leave it stronger. Biden left it near historic lows entering 2025.

Broader record: Gas prices and energy policy aren't judged on one tool. Trump's approach prioritizes U.S. production ("drill, baby, drill") over relying on reserves or foreign suppliers. Supporters argue outcomes (lower long-term prices via supply) matter more than isolated consistency critiques, especially when Democrats blocked refills or pushed green policies that raised costs.

Not all Trump supporters ignore the optics. Some fiscal conservatives call it inconsistent or risky given low levels heading into potential further volatility. But the dominant defense frames it as responsible crisis management in a stronger production environment, not election-year desperation. Hypocrisy charges often ignore these policy differences and the changed circumstances (war/disruption vs. baseline inflation). SPR use has precedents across administrations for real shocks; the debate is always about degree, timing, and accompanying energy strategy.

movielover said:

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BREAKING: Venezuela’s crude oil exports have surged +61% YoY, to 1.25 million barrels per day, the highest in 7 years.

The surge was led by rising shipments to the US at ~558,000 barrels per day, India at ~427,000 barrels per day, and Europe at ~169,000 barrels per day.

In… pic.twitter.com/uuC5zzEY7h

— The Kobeissi Letter (@KobeissiLetter) June 4, 2026

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Nobody ever said colonialism wasn't profitable

movielover said:

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BREAKING: Venezuela’s crude oil exports have surged +61% YoY, to 1.25 million barrels per day, the highest in 7 years.

The surge was led by rising shipments to the US at ~558,000 barrels per day, India at ~427,000 barrels per day, and Europe at ~169,000 barrels per day.

In… pic.twitter.com/uuC5zzEY7h

— The Kobeissi Letter (@KobeissiLetter) June 4, 2026

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rampant corruption and inflation there still as well! Well done!