General Discussion

gab13by13

(33,222 posts) Wed Jul 15, 2026, 07:11 PM 4 hrs ago

Calling On All Crude Oil Price Experts Again

Krasnov is bombing Iran today, stopping ships going into Hormuz, sucking up our SPR to its lowest level in 45 years.

The Houthis are joining the fight.

Oman made a deal with Iran for travel routes through Hormuz.

Ukraine bombed every damn Russian oil refinery, now Russia must import fuel.

Brent crude just dropped in price a little bit.

Waiting on an expert opinion. Maybe Krasnov stated that Hormuz is open? If I get an expert to respond to this, I would also like to know if crude oil would be priced the same if a Democrat were president?

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Calling On All Crude Oil Price Experts Again (Original Post) gab13by13 4 hrs ago OP

Unrex ProfessorGAC 4 hrs ago #1

ProfessorGAC

(77,835 posts)

1. Unrex

Reply to gab13by13 (Original post)

Wed Jul 15, 2026, 07:19 PM

4 hrs ago

I think this horse is beyond the flogging stage.
The system has been rigged for 40+ years.
There's nothing new here.
BTW: Crude prices went down 67% over a 2 year period when Obama was in office. It yo-yo'd 2 or 3 times while he was president.
When I voted for him, he was a Democrat. Still is, I'm quite sure.
It went WAY up when Bush 43 was in office.
The marketeers don't care what party the POTUS is from.
https://www.macrotrends.net/1369/crude-oil-price-history-chart

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