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.

Mark Zandi says Trump has no more than a week to figure things out.

https://www.businessinsider.com/us-economy-recession-warning-mark-zandi-iran-peace-deal-2026-6

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.

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!

Yup.

At some point, the Mango Messiah cant keep releasing 10.5 million barrels per week from the SPR to keep a lid on this.

Fireworks in July!

I thought Putin owned Trump.

Operation Epic F@uck Up

DiabloWags said:

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When Bibi speaks, Trump jumps!

US military says it's striking 'multiple targets' in Iran in latest escalation of tensions

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Don't forget the we-need-to-borrow-military-hardware from Germany - UK.

Patriot missiles cost $4 million each and take 2 YEARS TO BUILD.

The Pentagon wants Lockheed Martin to more than triple production to 2,000 per year.

But LMT says they cant hit that target until 2030.

Looks like we'll be exposed.
Thanks Trump!

Alan Tonelson: "But don't forget: According to the U.S. Energy Information Administration's latest data, "At 426.5 million barrels, U.S. crude oil inventories are about 5% below the five-year average for this time of year. Total motor gasoline inventories increased by 0.2 million barrels from last week and are 6% below the five-year average for this time of year." So they seem pretty adequate.

"Another encouraging note struck by the new CPI release: There still aren't many signs yet that overheated energy inflation is leaking into the rest of the economy. Take a look at core CPI, which strips out food and energy prices supposedly because they're volatile for reasons (like wars) having little to do with the economy's underlying inflation prone-ness.

"Its May monthly increase was 0.21 percent just about half the rate of April's 0.38 percent. In fact, it's just about back to where it was in February, just before the war began (0.22 percent)."

movielover said:

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Alan Tonelson: "But don't forget: According to the U.S. Energy Information Administration's latest data, "At 426.5 million barrels, U.S. crude oil inventories are about 5% below the five-year average for this time of year. Total motor gasoline inventories increased by 0.2 million barrels from last week and are 6% below the five-year average for this time of year." So they seem pretty adequate.

"Another encouraging note struck by the new CPI release: There still aren't many signs yet that overheated energy inflation is leaking into the rest of the economy. Take a look at core CPI, which strips out food and energy prices supposedly because they're volatile for reasons (like wars) having little to do with the economy's underlying inflation prone-ness.

"Its May monthly increase was 0.21 percent just about half the rate of April's 0.38 percent. In fact, it's just about back to where it was in February, just before the war began (0.22 percent)."

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wow, it's amazing when you remove all the effects of stupid decisions things look ok but only after cherry picking hard

cal83dls79 said:

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movielover said:

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Alan Tonelson: "But don't forget: According to the U.S. Energy Information Administration's latest data, "At 426.5 million barrels, U.S. crude oil inventories are about 5% below the five-year average for this time of year. Total motor gasoline inventories increased by 0.2 million barrels from last week and are 6% below the five-year average for this time of year." So they seem pretty adequate.

"Another encouraging note struck by the new CPI release: There still aren't many signs yet that overheated energy inflation is leaking into the rest of the economy. Take a look at core CPI, which strips out food and energy prices supposedly because they're volatile for reasons (like wars) having little to do with the economy's underlying inflation prone-ness.

"Its May monthly increase was 0.21 percent just about half the rate of April's 0.38 percent. In fact, it's just about back to where it was in February, just before the war began (0.22 percent)."

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wow, it's amazing when you remove all the effects of stupid decisions things look ok but only after cherry picking hard

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Those numbers are actually pretty impressive with a war going on

You make it sound like this war is a natural phenomenon.

Terrible decisions like the haphazard tariff policies and a disastrous war of choice are the main reason for Trump's inflation.

The war is going so well that Miller is posting news of drops of more UFO files. Queue X-Files music

Trump arranging for Iran to be paid $10 billion. Other reports that Iran will manage the Straight of Hormuz and Irael to withdraw from Lebanon.

https://www.reuters.com/world/middle-east/uae-unlock-billions-dollars-iran-sources-say-2026-06-12/