baddog

Pretty nice drop in one day. Search: Crude oil prices dropped significantly on March 9, 2026, falling to around $85−$90 $85−$90 per barrel by late afternoon after surging over 30% to hit nearly $120 $120 earlier in the day. The reversal was driven by U.S. President Trump’s comments that the conflict with Iran was nearing an end, alongside potential, to release strategic reserves

All I can say is he must not have been paying attention. That one is on him.

True enough. I hope they find it. I trust our intelligence. Trump has agreed to escort Chinese tankers through the strait. 20% of the world’s crude passes through every day. I simply point out the inconvenience of paying a higher price for gas for a few weeks as compared to the results of ridding the world of a cancer.

So, with all the anti Trump rhetoric about this, it cost me what…..$50?. Lmao What a terrible sacrifice to make to get rid of the most evil terrorist regime since the 40s.

That’s a huge drop. Not sure why.

I don’t see Trump nuking Iran. He’s trying to prevent WW3, and that’s what we’d have if Iran were to nuke Israel. Then oil prices would be the least of our worries.

When I was gainfully employed, we were into the oil exploration side of things. It was a double edged sword in that, for our business to be successful, the price of crude had to be at a level where it was profitable to explore. This made for higher gas prices but steady employment. I’m not talking about wildcat wells on dry land. I’m talking about North Sea and deep sea exploration. The costs and danger are unbelievable. Some people don’t even realize what it takes sometimes to supply that pump for your SUV. You’re right, it’s a very fragile business.

True, but since Trump gets the blame for everything else, I thought he could get some credit since it was under his watch. I guess we can give the credit to Fauci and China, but that’s another whole thread.

I knew I would get no answer about Biden killing the XL pipeline and oil leases.

Well, since we are always seeking to apply blame, then yes, Trump’s war with Iran has made prices go up. Please show me where I have ever said they didn’t. Also, when people are looking for that “gotcha” moment, it clouds their thinking quite a bit. Are you willing to point that finger of blame towards Biden’s administration? I know the answer. When Trump left office from his first term, gas was $1.85 in southeast Texas.

Just posting facts. It’s up to everybody as to whether they believe them or not. When facts are ignored, then the conversation goes south and becomes useless.

It’s a world supply/demand effect. Half the crude passing through the Persian Gulf goes to China. While it doesn’t affect our supply, it does affect prices globally. In the 70s, it was like $3.00 per barrel. You can see the huge jump in the 80s Arab embargo. [Hidden Content]

Wouldn’t that make everyone a cult member simply for having like opinions? It seems we live in a labeled society, no matter how one thinks, you will fall into a group. It’s really impossible not to. Crude oil prices reflect how the world reacts to turmoil in the middle east. Since the US has increased their own production under Trump (45+47), our dependency on ME oil is minimal, so it’s not due to shortages on our end. When the conflict is over, I expect to see gas/diesel prices to drop almost as fast as they rose. We all know it won’t happen nearly as fast. I Googled to check on our dependence on Kuwaiti oil and this is what I got: No, the US is not dependent on Kuwaiti oil imports . As of 2025–2026, imports from the entire Persian Gulf region, including Kuwait, are near record lows. The US is a net energy exporter with record domestic production, relying primarily on Canada (roughly 60%) for imports. U.S. Energy Information Administration (EIA) (.gov) +3 Key Details Regarding US-Kuwait Oil Trade: Minimal Share: Total US imports from Middle Eastern OPEC nations, including Kuwait, have dropped below 10%. Low Volumes: As of late 2025, imports from Kuwait were relatively small, with monthly totals (crude and refined) around $82 million, a significant decrease from previous years. Diverse Sources: The US has moved away from Persian Gulf dependence, with over 70% of crude imports coming from Canada and Mexico. Market Dynamics: While some US refineries still import specific types of crude from the region to match their infrastructure, this is for operational efficiency rather than a dependency for national energy security

There are those close to the family who would disagree with you about the eulogy. [Hidden Content]