You have your opinions and bunions.

RangerRick9211 said:

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PaulsBunions said:

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flown-the-coop said:

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No Spin Ag said:

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doubledog said:

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7/27 "Oil prices tumble as pause in U.S.-Iran fighting sparks market relief"

" Brent crude, the international benchmark, fell $6.35, or 6.6%, to $90.41 a barrel, while the U.S. benchmark, West Texas Intermediate, slipped 5.7% to $84.23. "

We can engage in this game indefinitely. The reality is that prices will plummet when the missiles cease and will increase again once they are reactivated. The crucial question is whether we will deplete our oil reserves before we exhaust our missile supply. I think we know the answer to that question.


https://www.cbsnews.com/news/oil-prices-tumble-us-iran-pause/

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Good point. Up or down the reserves are being used. I saw somewhere the other day that the reserves are the lowest they've been since the 70s.

If true, I'd imagine that's not something that'll bounce right back up the day this war or whatever eventually and somehow ends.

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For No Spin you have this incorrect. Grok says 1983.

Usually if you have to start a sentence with "if true", then the previous statement is likely misinformation.

And its been posted before, by me, that Trump required any draw on the SPR be "repaid" by the take with 1.2 of what is taken. This replaces the reserve plus 20% at zero cost to the taxpayer.

As typical, Trump works for the US taxpayer.

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Lol you showed him, it isn't the lowest in 47 years, its just the lowest in 43 years.

Also hilarious to say he works for the taxpayers when he continues to spend away the value of the taxpayer's dollar.

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Barrel swaps + premium are standard for DoE. It happens for almost every hurricane and is not unique to Trump.

https://www.energy.gov/hgeo/opr/history-spr-releases

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Then why not mention it on f you are going to talk SPR.

The fact you kids would rather hack at me than deal with things honestly is a bizarre thing of TexAgs.

So either Trump is handling things or he aint. Is he?

Ain't

docb said:

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Diesel now $5.19 a gallon. Yikes!

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I paid $4.39 a couple of hours ago

docb said:

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Ain't

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Depends on the "thing" he's handling:


Immigration? Yes. A+
Iran? At first, yes, but not hard enough. B - Now? D+
Fuel prices? Unfortunately, goes with Iran. :-(
Economy in general? C+ . Needs to massively deregulate important things (IB4 list of innocuous/minimal regs removed that do nothing substantial) , gut spending and cut taxes for everyone - including corporations, remove tariffs.

BigRobSA said:

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docb said:

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Ain't

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Depends on the "thing" he's handling:


Immigration? Yes. A+
Iran? At first, yes, but not hard enough. B - Now? D+
Fuel prices? Unfortunately, goes with Iran. :-(
Economy in general? C+ . Needs to massively deregulate important things (IB4 list of innocuous/minimal regs removed that do nothing substantial) , gut spending and cut taxes for everyone - including corporations, remove tariffs.

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I agree there have been some pluses but the economy is a pretty big deal IMO and on that front he is doing a bad job. Our economy is tied to oil to a very large degree and until he gets that stabilized our economy will suffer.

$3.59 in Lubbock

$4.19 in Pueblo, CO. Oof!

BigRobSA said:

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docb said:

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Ain't

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Depends on the "thing" he's handling:


Immigration? Yes. A+
Iran? At first, yes, but not hard enough. B - Now? D+
Fuel prices? Unfortunately, goes with Iran. :-(
Economy in general? C+ . Needs to massively deregulate important things (IB4 list of innocuous/minimal regs removed that do nothing substantial) , gut spending and cut taxes for everyone - including corporations, remove tariffs.

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Agreed. Immigration was the easiest thing to do, by simply closing the border and giving ICE the funding they needed to hire enough people to do. About the easiest peasiest thing that could be done, and finally someone did it.

The rest takes much more into being successful than EOs, and it's showing that much more effort is going to be needed to be successful.

Now to see if Trump can work hard enough to get As in those subjects, cause those are the ones that matter most to the "it's the economy, stupid" masses.

New World Ag said:

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Looking for LDP to return to this thread be like....

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Bueller...Bueller...

flown-the-coop said:

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RangerRick9211 said:

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PaulsBunions said:

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flown-the-coop said:

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No Spin Ag said:

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doubledog said:

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7/27 "Oil prices tumble as pause in U.S.-Iran fighting sparks market relief"

" Brent crude, the international benchmark, fell $6.35, or 6.6%, to $90.41 a barrel, while the U.S. benchmark, West Texas Intermediate, slipped 5.7% to $84.23. "

We can engage in this game indefinitely. The reality is that prices will plummet when the missiles cease and will increase again once they are reactivated. The crucial question is whether we will deplete our oil reserves before we exhaust our missile supply. I think we know the answer to that question.


https://www.cbsnews.com/news/oil-prices-tumble-us-iran-pause/

---

Good point. Up or down the reserves are being used. I saw somewhere the other day that the reserves are the lowest they've been since the 70s.

If true, I'd imagine that's not something that'll bounce right back up the day this war or whatever eventually and somehow ends.

---

For No Spin you have this incorrect. Grok says 1983.

Usually if you have to start a sentence with "if true", then the previous statement is likely misinformation.

And its been posted before, by me, that Trump required any draw on the SPR be "repaid" by the take with 1.2 of what is taken. This replaces the reserve plus 20% at zero cost to the taxpayer.

As typical, Trump works for the US taxpayer.

---

Lol you showed him, it isn't the lowest in 47 years, its just the lowest in 43 years.

Also hilarious to say he works for the taxpayers when he continues to spend away the value of the taxpayer's dollar.

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Barrel swaps + premium are standard for DoE. It happens for almost every hurricane and is not unique to Trump.

https://www.energy.gov/hgeo/opr/history-spr-releases

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Then why not mention it on f you are going to talk SPR.

The fact you kids would rather hack at me than deal with things honestly is a bizarre thing of TexAgs.

So either Trump is handling things or he aint. Is he?

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TBD, but to assert this is some deal for the taxpayer is false.

We won't know the risk/or not of SPR levels for months, maybe a year. We're still drawing and swap contracts require repayment 3+ months typically (with some going up-to 12+ months).

Ad hominems don't help your argument. If you have to "kids" everyone, I'd reevaluate your stance.


Source: https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCSSTUS1&f=W

The data is published every week and lags by 2. DoD has a military reserve floor of 243mb and outflows/inventory have multiple engineering constraints.

Kids is now an ad hom?

It's meant to indicate nothing more than a grouping of folks. In this instance, the usual consortium who would rather take shots at me for carrying water for Trump rather than discuss actual facts relevant to the OP.

Wright has indicated on multiple occasions that they are more aggressive in the deals for this release and the "premium".

So while the mechanism is indeed standard, the specific terms here do not appear standard.

Quote:

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Wright has indicated on multiple occasions that they are more aggressive in the deals for this release and the "premium".

So while the mechanism is indeed standard, the specific terms here do not appear standard.

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Quote:

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Exact historical premium percentages vary by deal and market conditions; the current figures are in a normal commercial range for these contracts but are applied at much higher volumes.

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Make up your mind.

Better yet, feed this to whatever LLM is thinking for you,

Quote:

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Can you explain to me how the DoE runs swap auctions and how markets, not Wright, sets the premium rates based on the spot value of a barrel today.

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The scale of the program by Wright is unique particularly in not using permanent sales as Biden did which left the reserves further depleted.

Not sure what your ongoing issue is. Wright, who works for Trump, deployed a tool that is indeed often used by the DoE, but that was not used by the prior administration in their response to the Ukraine conflict.

Pointing that out is somehow… wrong? Again, weird takes bro.

flown-the-coop said:

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The scale of the program by Wright is unique particularly in not using permanent sales as Biden did which left the reserves further depleted.

Not sure what your ongoing issue is. Wright, who works for Trump, deployed a tool that is indeed often used by the DoE, but that was not used by the prior administration in their response to the Ukraine conflict.

Pointing that out is somehow… wrong? Again, weird takes bro.

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Quote:

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Scale: The 2026 program is far larger (targeting ~172 million barrels via multiple exchange solicitations) than typical prior exchanges or Biden's 32-million-barrel competitive exchange.

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Your twisting yourself. You compared Biden swap to the current swap. Those are your/your AI's words and what I was responding too. They are the exact same programs and not unique.

Quote:

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[...] unique particularly in not using permanent sales as Biden did which left the reserves further depleted.

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I guess I'll post the SPR chart again for you,


Further further depleted and still going. So.

Quote:

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Pointing that out is somehow… wrong? Again, weird takes bro.

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Lol, facts are so "weird". Have a great rest of your day.

Quote:

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And its been posted before, by me, that Trump required any draw on the SPR be "repaid" by the take with 1.2 of what is taken. This replaces the reserve plus 20% at zero cost to the taxpayer.

As typical, Trump works for the US taxpayer.

---

For everyone else, this is where we started. The current DoE swap auctions are not unique, premiums are in-line with historic terms (thanks to FTC's AI summary!), barrel replacement + premium will happen sometime next year, SPR is the 2nd lowest it's ever been and SPR will continue to decline for the foreseeable future; or the admin will face higher $/barrel or need resolve the Straight issue. Those are just the facts.

Oh yeah, and national pump price is $4.10 today and Iran has still not capitulated. Everyone have a great day!

Please stfu already https://t.co/I3NlXcea0b pic.twitter.com/f4EfgfCq7h

— Latinx Adjacent Doctor PhD (@TonerousHyus) July 28, 2026

Sorry gas hawks, your war is losing again.

nortex97 said:

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Please stfu already https://t.co/I3NlXcea0b pic.twitter.com/f4EfgfCq7h

— Latinx Adjacent Doctor PhD (@TonerousHyus) July 28, 2026

Sorry gas hawks, your war is losing again.

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Awesome....if it actually translated to lower fuel prices. Hasn't as of yet.

Less Evil Hank Scorpio said:

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It's almost like breaking the promises you made to your base who elected you is bad leadership, especially when you can't articulate the actual need to do so.

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Which promises, exactly, were made, when, and what were the words used?

How were those promises, exactly, broken, and by which specific actions?

Bull Meachem said:

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Logos Stick said:

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WTI up 5% today....

US mean gas price up to $4.09! Texas up to $3.70.

here we go.

The Marxists were able to keep control in 2022 with 15% inflation (Carter definition) under Biden. Can the Rs do the same this time?

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We voted the current guy in to get prices down and his actions have lead to them going up.

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Well, we also don't want a suitcase bomb going off in NYC, either.

Every action or lack of action has tradeoffs.

jrdaustin said:

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I caught just a few minutes of the Today Show (I know, silly me) this morning, and the narrative was clear.

A couple of minutes about the latest strikes in Iran, followed by a full segment on the affect on gas prices, the fact that the SOR is at lows not seen since the '80s, and the "pain" that Americans are in.

What I found interesting is there wasn't a word about what would happen in the ME if we were to just "walk away".

• Iran immediately resuming attempts to obtain a nuclear weapon and use it against Israel and/or the US.
• A paradigm shift in the oil markets due to Iran now claiming control over the Hormuz Strait, as well as...
• A precedent-setting change to the tradition of freedom of navigation on the high seas, whereas any belligerent country can decide to exert control over freedom of movement and commerce - and be allowed to do so.

The wisdom of Trump entering this conflict at this point in time can certainly be debated, but now that we're in it, we must finish it.

It seems to me that the media, and many on this very board, would find it acceptable for the US to lose this conflict, and ultimately lose standing across the world for generations, as long as the blame for it can somehow be pinned on Trump.

Talk about short-sighted thinking...

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The rational of why we entered when we did was clearly articulated:

https://www.state.gov/releases/office-of-the-spokesperson/2026/03/secretary-of-state-marco-rubio-remarks-to-press-6

Iran's conventional missile stockpile and threats to use them forced us into action.

Texas mean gas price down 1 cent today....

BigRobSA said:

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Needs to massively deregulate important things (IB4 list of innocuous/minimal regs removed that do nothing substantial) , gut spending and cut taxes for everyone - including corporations

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Which president has ever accomplished this?

Quote:

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Remove tariffs

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Disagree.

BusterAg said:

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BigRobSA said:

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Remove tariffs

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Disagree.

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See, that's the beauty of the USA. You can be wrong, as you are, and we can still be friends.


;-)

RangerRick9211 said:

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flown-the-coop said:

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The scale of the program by Wright is unique particularly in not using permanent sales as Biden did which left the reserves further depleted.

Not sure what your ongoing issue is. Wright, who works for Trump, deployed a tool that is indeed often used by the DoE, but that was not used by the prior administration in their response to the Ukraine conflict.

Pointing that out is somehow… wrong? Again, weird takes bro.

---

Quote:

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Scale: The 2026 program is far larger (targeting ~172 million barrels via multiple exchange solicitations) than typical prior exchanges or Biden's 32-million-barrel competitive exchange.

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Your twisting yourself. You compared Biden swap to the current swap. Those are your/your AI's words and what I was responding too. They are the exact same programs and not unique.

Quote:

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[...] unique particularly in not using permanent sales as Biden did which left the reserves further depleted.

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I guess I'll post the SPR chart again for you,


Further further depleted and still going. So.

Quote:

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Pointing that out is somehow… wrong? Again, weird takes bro.

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Lol, facts are so "weird". Have a great rest of your day.

Quote:

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And its been posted before, by me, that Trump required any draw on the SPR be "repaid" by the take with 1.2 of what is taken. This replaces the reserve plus 20% at zero cost to the taxpayer.

As typical, Trump works for the US taxpayer.

---

For everyone else, this is where we started. The current DoE swap auctions are not unique, premiums are in-line with historic terms (thanks to FTC's AI summary!), barrel replacement + premium will happen sometime next year, SPR is the 2nd lowest it's ever been and SPR will continue to decline for the foreseeable future; or the admin will face higher $/barrel or need resolve the Straight issue. Those are just the facts.

Oh yeah, and national pump price is $4.10 today and Iran has still not capitulated. Everyone have a great day!

---

Sorry, facts are not weird, just your take and poor understanding thereof.

Fact: In March 2022, Biden authorized the release of 180 million barrels over roughly six months (about 1 million barrels per day). These were competitive public sales of oil to the highest bidders. Proceeds went to the Treasury. The average sale price was around $95 per barrel. This was the biggest emergency drawdown in SPR history.

It is you comparing that Biden 32-million-barrel swaps and IGNORING the 180 million fire sale with no means, plans, promises or actions to replenish.

That's why your cute little chart appears the way it does. Glad to have cleared this up for you and the 6 others who starred your misinformation.

BusterAg said:

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BigRobSA said:

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Needs to massively deregulate important things (IB4 list of innocuous/minimal regs removed that do nothing substantial) , gut spending and cut taxes for everyone - including corporations

---

Which president has ever accomplished this?

Quote:

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Remove tariffs

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Disagree.

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BigRobSA will never discuss the extremely impressive rate at which the Trump admins across both terms have gone full tilt on deregulation. He may not rest until the US Code is simply the 10 commandments plus an 11th one that addresses taxation as theft.

Logos Stick said:

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Texas mean gas price down 1 cent today....

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For the fun/levity of it, that post deserves the "it's happening!" Meme.

BigRobSA said:

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nortex97 said:

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Please stfu already https://t.co/I3NlXcea0b pic.twitter.com/f4EfgfCq7h

— Latinx Adjacent Doctor PhD (@TonerousHyus) July 28, 2026

Sorry gas hawks, your war is losing again.

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Awesome....if it actually translated to lower fuel prices. Hasn't as of yet.

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And what's going to happen if, again, the attacks begin again?

nortex97 said:

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Please stfu already https://t.co/I3NlXcea0b pic.twitter.com/f4EfgfCq7h

— Latinx Adjacent Doctor PhD (@TonerousHyus) July 28, 2026

Sorry gas hawks, your war is losing again.

---

instead of only one part of the story, why don't you update us on inventories as well to more accurately depict the truth?

No Spin Ag said:

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BigRobSA said:

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nortex97 said:

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Please stfu already https://t.co/I3NlXcea0b pic.twitter.com/f4EfgfCq7h

— Latinx Adjacent Doctor PhD (@TonerousHyus) July 28, 2026

Sorry gas hawks, your war is losing again.

---

Awesome....if it actually translated to lower fuel prices. Hasn't as of yet.

---

And what's going to happen if, again, the attacks begin again?

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The sun shall rise, and the sun shall set. Most all Americans will continue to drive about at their normal levels. Some may decide to wait on all to join versus taking two cars. Most parents in suburbia will continue to drop off their children in Teslas, Prius's and Honda Odysseys.

Some may grumble, as my wife did this weekend, putting gas in the SUV in Big Sky, MT at $4.75 / gallon. Then she put her card back in her LV purse and bought a $8 cup of coffee.

But I can promise you this. Life will go on, we will prevail.

sts7049 said:

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nortex97 said:

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Please stfu already https://t.co/I3NlXcea0b pic.twitter.com/f4EfgfCq7h

— Latinx Adjacent Doctor PhD (@TonerousHyus) July 28, 2026

Sorry gas hawks, your war is losing again.

---

instead of only one part of the story, why don't you update us on inventories as well to more accurately depict the truth?

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Is the suggesting that WTI pricing does not factor in inventories?

flown-the-coop said:

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BusterAg said:

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BigRobSA said:

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Needs to massively deregulate important things (IB4 list of innocuous/minimal regs removed that do nothing substantial) , gut spending and cut taxes for everyone - including corporations

---

Which president has ever accomplished this?

Quote:

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Remove tariffs

---

Disagree.

---

BigRobSA will never discuss the extremely impressive rate at which the Trump admins across both terms have gone full tilt on deregulation. He may not rest until the US Code is simply the 10 commandments plus an 11th one that addresses taxation as theft.

---

I already discussed it in the emboldened.

I knew that "list" would come up, as it always does. The regulations handled are a minimal, good start (far from "impressive" ) but inconsequential, as we see in prices, manufacturing, tech, etc.

I never expect much from liberals, though, fiscally.

sts7049 said:

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nortex97 said:

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Sorry gas hawks, your war is losing again.

---

instead of only one part of the story, why don't you update us on inventories as well to more accurately depict the truth?

---

What part of 'the story' would you like for me to add?

An unsourced rumor from The Times of Israel that helps Trump right as Netanyahu is visiting, you say?
LOL
This is clown world territory. pic.twitter.com/EtPNJ6xyuC

— Chris Martenson (@chrismartenson) July 28, 2026

WTI will wind up tracking with the price of gas in Texas pretty accurately, imho, with a delay of a week or whatever. I'll admit Biden's handlers were very effective at spiking it for a year or so, before dumping the SPR to China etc. for the midterms.

What this about gas prices? My fuel costs haven't changed.

GeorgiAg said:

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What this about gas prices? My fuel costs haven't changed.

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They have, everything moves by ship, plane, truck and train.

samurai_science said:

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GeorgiAg said:

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What this about gas prices? My fuel costs haven't changed.

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They have, everything moves by ship, plane, truck and train.

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I'm just messing around. When you buy a Tesla, they make you sign an agreement to be smug about it.

GeorgiAg said:

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samurai_science said:

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GeorgiAg said:

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What this about gas prices? My fuel costs haven't changed.

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They have, everything moves by ship, plane, truck and train.

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I'm just messing around. When you buy a Tesla, they make you sign an agreement to be smug about it.

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And you already have a ton to spare, being a lawyer and all.