According to the ExxonMobil Vice President Neil Chapman, Americans may soon reminisce about the days when gas cost a mere $4.30 per gallon – the current national average price.
Chapman recently told an assembled group of investment bankers attending the Bernstein Strategic Decisions conference that the cost of oil (which means the cost of gasoline) will increase by “orders of magnitude” over the course of the next several weeks, because all of the shock absorbers that have up to now buffered the effects of Trump’s decision to attempt to regime change Iran on behalf of Israel – which resulted in Iran closing off the Strait of Hormuz – are on the verge of no longer being able to buffer the effects.
Trump has been using America’s oil – the Strategic Petroleum Reserve included – to prop up the oil supply outside America (in order to prop up the shaky hegemony of the dollar, the hegemony of which is extremely dependent upon dollars-for-oil) which is why Americans are currently paying about twice as much for gas as they were before Trump decided to attempt to regime-change Iran on behalf of Israel. Americans could be paying less than half what they were paying before this war began, if the oil produced in this country were refined into gas and sold here, in America – as opposed to the oil being exported elsewhere.
But the spigot – so to speak – is now running dry.
“The most important factor in the price of oil and associated products will soon be the releases of inventories that, along with distributions from countries’ strategic petroleum reserves, have mitigated some of the effects of the Iran war taking offline or shutting in about 14 million b/d of Middle East production,” Chapman told the conference attendees.
“We’re approaching unheard-of inventory levels. I mean, really, really low levels. You can debate whether that’s going to hit those really low levels in two weeks or three weeks. Once you get to that point, you’ll see price shoot up. . . Most people with a model would say dated Brent (crude oil) will shoot up […] to $150, $160.”
Chevron’s CEO Mike Wirth agrees with Chapman’s assessment.
“The buffers and the shock absorbers are being steadily drawn down . . . Over the next few weeks, we’re likely to see those pressures flow through more directly to physical prices,. There [will be] more upward pressure that I would expect as we get into June and certainly into July.”
Oy vey, as some say. And just in time for the 4th of July, too.
If Chapman and Wirth are right – and everything is pointing in that direction – Americans may soon be paying a much heavier price for Trump’s war on behalf of Israel. This is not a pejorative assertion – much less an “anti-Semitic” one (it is hard to understand how one can be an “anti-Semite” for questioning or criticizing the policies of non-Semitic politicians such as Netanyahu, who is ethnically an eastern European and so unrelated, biologically, to the Semitic/Arab people of the Middle East). Trump has openly admitted he involved America in this war for Israel. At any rate, Americans are paying for it – to the tune of $40 billion, so far. That’s a lot of shekels/dollars. But it may soon be regarded with nostalgia as “peanuts.”
The world we knew may have ended back in February – when Trump decided to take America to war on behalf of Israel, which wanted a hit put out on Iran, because Iran is the last obstacle to Little Israel’s long-standing plane to become Greater Israel, the regional hegemonic power, from the Nile to the Euphrates. IDF soldiers wear patches depicting this. Iran had to go – and Israel persuaded (or blackmailed) Trump into being the agent to make it go.
Except it didn’t.
Now the Iranians have their hands around Trump’s balls – and by dint of that, ours. They are going to keep squeezing, too. There is not much Trump (or Israel) can do, shy of nuking Iran – and all that would do is trigger something even more costly than $8 per gallon gas, which is what we might soon be paying. If that latter does come to pass – and it seems inevitable at this point, since the “deal” Trump promised fell through, much as his other promises have fallen through and also because even if the Strait opened tomorrow, the world’s tanks will take months to refill – the America we knew is going to change into an American few could imagine.
Or want to.
What’s coming could be be something even worse than what happened to America after Nahhhhhhhhnnnnnnlevven, all those years ago – only it is happening in slower motion. Everyone who remembers that day, back then, knew that the next day would never be the same. Or ever again. And so it has been. Some of us see what is happening now, in slower-motion.
Enjoy the summer. Before it ends.
. . .
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So the talks are deadlocked over $24 billion in frozen assets and Trump’s idiotic pride.
That’d be a small price to pay to end this needless catastrophe. For crying out loud, it’s their money!
It just sucks that our “best friends and greatest allies” in the region own our entire political class through bribery and blackmail.
I’ve never been more angry at a president than the Orange Man. The senile buffoon has led our country into a Koboyashi Maru-type situation (a no-win scenario) just because his Israeli paymasters, whose interests aren’t ours or the world’s, told him so.
One would think the Israelis want the U.S, crippled. The actions of these people (flooding white countries with hostile thirld worlders, promulgating abortion, porn and other dysgenic things) seem to indicate that strategy.
We’re attacking the wrong country. The Middle East wouldn’t be peaceful without Israel’s constant perfidy, but it’d be a lot quieter.
How Congress could join our military with the Israelis’ is beyond me. As I’ve stated before, we might as well dispense with elections and just have Tel Aviv tell us who our new leader will be.
The only silver lining is that normsl people are waking up to the reality that Jews have far too much influence and power out of proportion to their population size and even many of the ones. The Massie race, which was a brazen move by the Zionists, might have been the final straw there.
The answer is yes. But that answer was already baked into the cake with where we are at in the financial cycle. Oil was in a secular bear market from 2008 until the lockdown low. Producers the world over have not been investing to sustain current production, some estimates are as high as $2B per day. And of course money printing has been off the charts. The war just pulled forward the next energy bull market that will take us to unimaginable heights over the next 5-10 years.