It's gone daddy gone, your oil is gone, It's gone daddy gone, your oil has gone away. #winningnennui

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The Billion-Barrel Hormuz Oil Shock Is About to Crash Demand​


(Bloomberg) -- The Strait of Hormuz oil shock has yet to crash demand as the rich world borrows from its stocks and pays up to secure supply. Traders are now sounding the alarm that a harsh adjustment is coming.

The longer the vital oil channel doesn’t reopen, traders say, the more consumption is going to have to recalibrate lower to align with supply that’s dropped at least 10%. And for that to happen, people will have buy less, either through prices they can’t afford, or government intervention to force consumption down.

A billion barrels of supply loss is already all-but guaranteed — more than double the emergency inventories that governments released not long after the conflict began at the end of February. Buffers are being used up fast, helping to keep a lid on oil prices for now. But with the closure now in its ninth week, demand destruction that started in less obvious sectors like petrochemicals in Asia, is quietly spreading to everyday markets the world over.

“Demand destruction is happening in places that are not visible pricing centers,” Saad Rahim, chief economist of trader Trafigura Group, told the FT Commodities Global Summit in Lausanne this week. “That adjustment is already happening, but if this continues, it has to get larger and larger. We’re at a critical inflection point.”


THANKS, OBAMAHILLARYBIDEN, IT'S NOT DADDY TRUMP'S FAULT!









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Seamajor

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I've been very critical about his cock sucking of Satanyahoo. He has done a lot of good too though, which unfortunately has been overshadowed by his recent behaviour and won't be what he'll be remembered for.
Good? He will be remembered as the absolute worst in history. It’s rather funny
 

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Top oil analyst guarantees that the next few months ‘will be an ongoing, absolute disaster’ even if the Strait of Hormuz opens tomorrow​


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#toomuchwinning
Why does Mingie care about the price of gas? He lives in a seaside trailer shack and only has to go out once a month when his government check comes in to get groceries. Most days he can just walk up the beach to the port-o-potties to find some Hobos.
 
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Trump's poorly educated base cheers ecstatically as oil hits over $108 a Barrel, Yippy kay ay big oil is raking in the windfall profits!



NY Mercantile - Delayed Quote•USD

Crude Oil Jun 26 (CL=F)​



108.16 +8.23(+8.24%)
As of 4:12:15 PM EDT. Market Open.


#winningtrumpily
 
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Great news Trumptards, Trump's discretionary oil inflation measures are pushing up mortgage loan rates higher, further slowing the economy and driving inflation! #winningbyalot

The oil price spike is sending mortgage rates higher too: Mortgage and refinance interest rates today, April 30, 2026​


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Jack

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Yes yes, I know you love illegal immigrants and Marxist DEI policies.

Getting rid of USAID was arguably his best decision.
    • Impact on Aid: Large-scale reductions in health, agriculture, and humanitarian aid, with estimates suggesting hundreds of thousands of deaths in the first year and a potential for millions more by 2030, according to a Lancet study cited in reports.
 
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    • Impact on Aid: Large-scale reductions in health, agriculture, and humanitarian aid, with estimates suggesting hundreds of thousands of deaths in the first year and a potential for millions more by 2030, according to a Lancet study cited in reports.
A significant component of USAID supported USA Goods and Services, eliminating the Foreign programs hurts Americans.

USAID programs provide significant economic benefits to American companies and workers, with over $1 billion in funding reaching U.S. small businesses in FY 2024 alone. These programs support thousands of U.S. jobs by contracting American firms for goods and services, with one estimate suggesting every $1 invested in agricultural research generates $8.52 in returns for U.S. interests.

I think the phrase 'cutting off one's nose to spite one's face' is at play here.


It's like these poorly educated trumptards think USAID just walks around foreign lands with gunny sacks full of Benjamin's willy nilly throwing money around to the huddled masses
 

Jack

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A significant component of USAID supported USA Goods and Services, eliminating the Foreign programs hurts Americans.

USAID programs provide significant economic benefits to American companies and workers, with over $1 billion in funding reaching U.S. small businesses in FY 2024 alone. These programs support thousands of U.S. jobs by contracting American firms for goods and services, with one estimate suggesting every $1 invested in agricultural research generates $8.52 in returns for U.S. interests.

I think the phrase 'cutting off one's nose to spite one's face' is at play here.


It's like these poorly educated trumptards think USAID just walks around foreign lands with gunny sacks full of Benjamin's willy nilly throwing money around to the huddled masses
Your last statement is what Reggie believes, but then he's a SORAP, so it makes perfect sense. Up is down, left is right and in is out with him.
 
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Your last statement is what Reggie believes, but then he's a SORAP, so it makes perfect sense. Up is down, left is right and in is out with him.
Military aid is the same deal, when the news said USA gave a gazillion dollars to fuckupistan, it's not gunny sacks full of Trump Bucks, it's Gun's, Ammo, Tanks, Rockets and Missiles etc manufactured right here in the USAs military industrial complex, when Israel get's F-35s, Lockheed Martin isn't donating them out of the goodness of it's shareholders heart.