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    Oil price predicted to remain above $100 for rest of year
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    Oil price predicted to remain above $100 for rest of year

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    44 Comments

    2. lonigus on

      Oil prices still relatively stable on 100 usd because USA is managing to balance the demand and ofcourse because many countries still substitute the shortages from their reserves. Like China or Japan to name two of the main players in Asia. It is way worse in other Asian countries, but still managable… For now. If it wasnt for the USA, the market would be way more “bullish” and prices would shoot up past 150 already. If this continues for more than a month better get ready for a global recesion in 2027. We will earn less, pay more for rent and food and the only question is by how much.

    3. No-Guess-4644 on

      I hope so. I wanna see 6 bucks a gallon sustained.

      Folks would drive less, transition to more efficient vehicles, buy more EVs and pollute less.

      Power companies would install more renewables.
      And things like electric semis may begin to be used by some companies if their use enables them to bid much lower to ship stuff.

      Then folks will fuck up the earth less.

      Also people will get fed up, be angry and vote against the US becoming a fascist shithole. The orange assholes stupidity can wreck his plan of dismantling our democracy and he can be voted out due to folks being pissed they can’t afford shit.

    4. Boys4Ever on

      Oil soon will out pace eggs and memory but we don’t care because we

      Buy
      Buy
      Buy

    5. tilucko on

      And the most obvious yet pretending to be shocking yet also demoralizing headline goes to…

    7. not_suddenly_satire on

      By then we’ll be used to $4+ gas so it will never go back down.

    9. Traditional-Look8839 on

      Not if a truth social post along with a pump and dump scheme have anything to say about it!

    16. mca1169 on

      go ahead, it will be the best sustained PR for electric cars and against the incompetent and out of touch GOP leadership we have seen in years!

    19. Fritzo2162 on

      But that’s down from $150, and $50 is half of $100, so some would say Trump slashed the price of oil by 50%!!!!

    21. discfunctional on

      People will go broke just keeping there house at a survivable temperature this winter

      Edit- I meant even more broke.

    23. BlipBlapBloppityBoop on

      I wonder if Americans will get more upset or they’ll just normalize to this abuse as well.

    25. pistoffcynic on

      Yes, Donald Trump and his band of merry idiots did this… all to distract from the Epstein files.

    26. superhead50 on

      Everyday the straight remains closed global energy prices will go up from here forward. $400 crude is my target(just cause I think it’s possible if the world runs too low)

    27. nickelundertone on

      Good. Voters meed to remember the pain Trump is causing when they go to the polls

    31. Va1crist on

      America voted for this … and America has a chance to start fixing it at the end of the year but sadly they won’t

    34. Annual-Reason2970 on

      we are off the cliff already, just waiting to see how deep the ravine is..

      fertilizer hit is coming soon..

    35. lm28ness on

      Nope – it will be a sine wave, as trump will pump and dump all the way to the bank for his friends and family.

    38. LezBreal87 on

      In the most backwards move ever, Trump might just be better for global warming then previously led to believe as we all start walking, riding bikes, and taking public transport just to not become homeless.

    40. Stiggalicious on

      The longer oil remains high like this, the more and more people will turn against Trump and the Republican Party.

      If the war ends shortly and oil quickly goes back down, that gives Trump a way to say “look at me and how quickly I made oil come back down in price” and people will go back to the status quo because people have a memory span of about 2 months.