I experience pleasure and pains, and pursue goals in service of them, so I cannot reasonably deny the right of other sentient agents to do the same - Steven Pinker
129.31 - It's the T.Boone effect. He appeared on TV, told everyone we'd never pump more than 85mbd and that the Saudis are lying about their spare capacity.
Tess wrote:129.31 - It's the T.Boone effect. He appeared on TV, told everyone we'd never pump more than 85mbd and that the Saudis are lying about their spare capacity.
It's not fair that he can do that...having presumably just bought a load of it
Tess wrote:129.31 - It's the T.Boone effect. He appeared on TV, told everyone we'd never pump more than 85mbd and that the Saudis are lying about their spare capacity.
It's not fair that he can do that...having presumably just bought a load of it
For sure. He was on CNBC to announce that he'd bought loads of oil and natural gas.
I'm no expert but I suspect that oil will fall back at some point.
Maybe only a little, and maybe not for long ... but this ultra rapid price increase is so steep that it is outrunning the capability of our economic system to respond.
Once the pain filters through, demand will fall a bit and so a price dip may result.
and raise you
