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Environment & Energy

WSHazel

(897 posts)

26. I don't think so

Reply to Dulcinea (Original post)

Mon Jun 15, 2026, 03:00 PM

Yesterday

If everyone in the market really thought oil prices were about to spike, they would wait to sell oil. They are not doing that. A few executives are trying to talk oil prices up, but other than some volatility, I expect the world to be in a glut position by September.

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27 replies

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Oil executives send a blunt message to Americans on gas prices [View all] Dulcinea Yesterday OP

Probably one reason Trump agreed to an Iran ceasefire. Lonestarblue Yesterday #1

Yes, assuming the deal is even finalized and signed, which I am doubtful about LymphocyteLover Yesterday #13

Vance says deal has been 'digitally' signed OKIsItJustMe Yesterday #20

isn't it an MOU, not a final deal? LymphocyteLover Yesterday #22

What to know about the deal to end the Iran war OKIsItJustMe Yesterday #25

Doesn't the US produce oil from it's own sources as well as from Canada and Venezuela? ChicagoTeamster Yesterday #2

Yes it is, but... MarcoZandrini Yesterday #3

75% of US crude imports come from Canada, Mexico, and Colombia and 7% from Saudi Arabia. ChicagoTeamster Yesterday #27

Each source of crude oil has different characteristics. WestMichRad Yesterday #4

"So a given refinery is pretty much locked in to use a single source of crude, or that from a very limited number..." OldBaldy1701E Yesterday #6

They know how to process all of the different grades of oil. They are doing it right now, in other countries. 3Hotdogs Yesterday #9

Deliberate for a financial reason Random Boomer Yesterday #10

It is untrue that U.S. refineries cannot process light sweet crude lonely bird Yesterday #15

Those in power don't want the public know what you explained in your post-it shows how well our Stargazer99 Yesterday #16

Say what? Random Boomer Yesterday #18

Tne general public does not know the dynamics of oil supply and therefore easier to manipulate Stargazer99 Yesterday #21

It's a pretty complex mixture to clean up WestMichRad Yesterday #24

Yes but oil is priced on the global market LymphocyteLover Yesterday #23

Reading between the lines what the oil industry executives are telling us....... KS Toronado Yesterday #5

This FalloutShelter Yesterday #7

in fact, it is likely to go up a lot because this Iran deal looks like it's going nowhere LymphocyteLover Yesterday #11

EXACTLY!!! Otherwise known as "we're getting richer, and fuck you!" niyad Yesterday #14

I have seen mention several times that gas prices will spike about July 4th... IthinkThereforeIAM Yesterday #19

And big oil profits will stay high. multigraincracker Yesterday #8

ANY statement prefaced... GiqueCee Yesterday #12

Opening the Strait is a very small part of the matter AverageOldGuy Yesterday #17

I don't think so WSHazel Yesterday #26