March 8,2026 — WTI Crude Hits $110. THANKS TRUMP

[Porter]

8 minutes ago, Reagan said:

You trust iran -- I'll trust Trump!  No brainer there!  

I hope Hegspeth and Ratcliffe trust him as much as you do. This an Israel based site that has been on X for 10 years just to save you the look up. Lol
 

 

[little red]

5 hours ago, DCT said:

Has Iran guaranteed no nuclear weapons and are they willing to give up their capabilities to produce nuclear weapons?  If not this was a waste of life for the brave men and women who paid the ultimate sacrifice and tax payers money.  

How much will it cost to rebuild Iran

[Porter]

I may have posted this before but I think of Reagan everytime I see it. Lol

 

[baddog]

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[OlDawg]

1 hour ago, baddog said:

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Yep. Like I said previously, I'd expect Brent to hang around upper $70's for the foreseeable future. I don't envision going back into the $60's again. $70's are actually a good number that allows for a balance between fuel costs & margins that allow for maintenance and investments by the energy companies.

I haven't heard of any major T/A's in a long time. Usually, that's a yearly, staggered process between refiners. T/A's are a critical function, and the refiners have to have the margins and capacities to enable the down times.

In the past, we were around $80/bbl. But, efficiencies and fracking have enabled a lot lower cost structure need.

This is a solid link to keep bookmarked for those interested. It doesn't give all the data I receive. But, it's pretty informative for the overview.

[baddog]

24 minutes ago, OlDawg said:

Yep. Like I said previously, I'd expect Brent to hang around upper $70's for the foreseeable future. I don't envision going back into the $60's again. $70's are actually a good number that allows for a balance between fuel costs & margins that allow for maintenance and investments by the energy companies.

I haven't heard of any major T/A's in a long time. Usually, that's a yearly, staggered process between refiners. T/A's are a critical function, and the refiners have to have the margins and capacities to enable the down times.

In the past, we were around $80/bbl. But, efficiencies and fracking have enabled a lot lower cost structure need.

This is a solid link to keep bookmarked for those interested. It doesn't give all the data I receive. But, it's pretty informative for the overview.

I was employed by a company who had interest in fracking and exploration. It was a double edged sword for employees. Since we all had to gas up our vehicles every week, we enjoyed a lower price at the pump just like everyone else. But to stay employed and keep our business profitable, the crude oil prices needed to be elevated to stimulate exploration, so that meant paying a bit more at the pump. Some people simply don’t realize how expensive it is to find and retrieve new oil. 

[OlDawg]

4 minutes ago, baddog said:

I was employed by a company who had interest in fracking and exploration. It was a double edged sword for employees. Since we all had to gas up our vehicles every week, we enjoyed a lower price at the pump just like everyone else. But to stay employed and keep our business profitable, the crude oil prices needed to be elevated to stimulate exploration, so that meant paying a bit more at the pump. Some people simply don’t realize how expensive it is to find and retrieve new oil. 

If I were a paranoid person, I'd begin to think someone was reading my posts. lol

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[DCT]

20 hours ago, Porter said:

I hope Hegspeth and Ratcliffe trust him as much as you do. This an Israel based site that has been on X for 10 years just to save you the look up. Lol
 

 

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It is apparent Isreal does not agree with the MOU.

[Porter]

Smh

[Porter]

On 6/17/2026 at 9:50 AM, OlDawg said:

If I were a paranoid person, I'd begin to think someone was reading my posts. lol

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You were right OlDawg.

 

[OlDawg]

1 hour ago, Porter said:

You were right OlDawg.

 

Once started, the ceasefire was a disastrous idea. This could have been done by now with a much different ending. Trump received VERY bad advice. But, the buck stops with him. He said he's the 'Boss.' He makes it a point to be the BMOC.

He owns it.

[baddog]

Where was the outrage in 2014? 

[Porter]

50 minutes ago, baddog said:

Where was the outrage in 2014? 

What outrage are referring too? I wasn’t on this board in 2014. Lol

 

[baddog]

4 minutes ago, Porter said:

What outrage are referring too? I wasn’t on this board in 2014. Lol

 

Not directed at you as there was no quote involved. I was on the board and saw no mention of this crisis. Don’t recall it being newsworthy. Gotta be a Trump thing. I questioned it when Biden was selling it off to try and reverse his inflationary gas prices. No one seemed too concerned then either.

[Porter]

7 minutes ago, baddog said:

Not directed at you as there was no quote involved. I was on the board and saw no mention of this crisis. Don’t recall it being newsworthy. Gotta be a Trump thing. I questioned it when Biden was selling it off to try and reverse his inflationary gas prices. No one seemed too concerned then either.

I never said you directed at me I was just curious what outrage you were talking about. 

[baddog]

8 minutes ago, Porter said:

I never said you directed at me I was just curious what outrage you were talking about. 

Then your question would have been sufficient. You made it about you. Sorry for the mix up. Lots of people on the board in 2014. Like I said, it wasn’t a crisis then. Funny how that works.

[OlDawg]

1 hour ago, baddog said:

Where was the outrage in 2014? 

Just as an FYI, Cushing isn’t part of SPR.

[baddog]

13 minutes ago, OlDawg said:

Just as an FYI, Cushing isn’t part of SPR.

Yes, but they are both indicators.

[OlDawg]

30 minutes ago, baddog said:

Yes, but they are both indicators.

Issue the U.S. has--I may/may not have mentioned previously--is that most of our refineries are set up to process heavy, sour crude. We haven't made the investments to be able to process our own WTI. That should be a priority, and would be a good use of incentive funding for national security purposes. Just get us to at least a 60/40 spit.

[OlDawg]

What's actually comical?

I haven't heard a peep about the Paris Climate Agreement, Greta Thornberg, or the dreaded Climate Change. Seems everyone is too busy scrambling for oil.

The Paris Climate Agreement appears to be about as solid as this MOU between Iran & the U.S.

[Separation Scientist]

On 6/17/2026 at 9:12 AM, OlDawg said:

Yep. Like I said previously, I'd expect Brent to hang around upper $70's for the foreseeable future. I don't envision going back into the $60's again. $70's are actually a good number that allows for a balance between fuel costs & margins that allow for maintenance and investments by the energy companies.

Excellent point. Working in the industry, I know a good deal about pricing. People think if they are buying gas at the pump at $1.50 a gallon its great, but actually its a problem on several levels. You are very likely in a recession.

$2.50-$3.00 is a great price, reflecting a good balance. We are almost back there now. I saw $3.09 this week. 

[Porter]

47 minutes ago, Separation Scientist said:

Excellent point. Working in the industry, I know a good deal about pricing. People think if they are buying gas at the pump at $1.50 a gallon its great, but actually its a problem on several levels. You are very likely in a recession.

$2.50-$3.00 is a great price, reflecting a good balance. We are almost back there now. I saw $3.09 this week. 

I like $2.49 a gallon better. 😁

You’ll hear no complaints from me at that price but I do understand what you’re saying. I’ve read somewhere in the past year or so that the low $70’s for a barrel of oil is the sweet spot for oil and gas companies.