Investing

[Tiger337]

Oil futures up 23% tonight.  $112 per barrel.  

[Screwball]

4 minutes ago, gehringer_2 said:

and quite possibly recession. If the market goes into a funk - even if it only flattens out for an extended term, 1%er spending will slow, and that's been driving a lot of economic activity.

No. This is not the same, this time it IS different...

The "Market" is no reflection of what we the people are dealing with. The 1%ers will continue to do what they do. We will pay the price. As usual. Rising inflation punishes the people who can least afford it the most, and it's not even their fault. 

The economy is already too fragile and unable to absorb this oil and supply chain shock. This could get really ugly. 2008 - July - crude $147. March 2009 S&P 500 at 666, from 1552 not long before. That was a riot. Chart porn below. Notice the two peaks around that level, the first hump goes back to the dot-com bubble in 2000ish.

Then notice how it looks since - up and to the right - NASA would be proud.

The pigmen of Wall Street along along with the Fed, and the puppets in DC, have blown the biggest bubble known to mankind. We are 39 trillion in debt. Debt is money. Paul Krugman told us so.

The problem with bubbles is there is eventually a pin. We might have just found one - like a bar room steel tipped dart thrown at the most efficient energy source (at this point anyway) we have on the planet. Brilliant...

Buckle up kids, this could be a bitch. And don't forget where your food comes from.

[Screwball]

No chart porn, but this is wild. Crude futures over $118 at 10:30ish.

[1984Echoes]

2 hours ago, Deleterious said:

The summer of inflation

The Trump Inflation Administration.

[Tiger337]

31 minutes ago, 1984Echoes said:

The Trump Inflation Administration.

Drumpflation

[gehringer_2]

45 minutes ago, Screwball said:

No chart porn, but this is wild. Crude futures over $118 at 10:30ish.

This called having no elastic in the 'Elasticity of Demand'

Edited 15 hours ago by gehringer_2

[Screwball]

2 minutes ago, gehringer_2 said:

This called having no elastic in the 'Elasticity of Demand'

Blowing **** up doesn't help.

It reminds me of John McCain singing bomb bomb Iran. Be careful of what you wish for. Go back to the PNAC people, and their imperialist view of the world. This is nothing new. It's about oil, minerals, money, and greed, but I repeat myself.

Elastic has nothing to do with ****.

[Deleterious]

I'm not a military tactician, but I don't see how you secure the straight without boots on the ground.

Google says Iran has anti ship missiles with 180 mile range and the straight is only 21 miles wide. So they can launch those from 150 miles inland.

[gehringer_2]

12 minutes ago, Deleterious said:

I'm not a military tactician, but I don't see how you secure the straight without boots on the ground.

Google says Iran has anti ship missiles with 180 mile range and the straight is only 21 miles wide. So they can launch those from 150 miles inland.

and you have to put boots on the ground on the Houthi side as well....

Also - the terrain in SE Iran is very similar to Afghanistan, where we had so much success with ground operations in the past.

Edited 15 hours ago by gehringer_2

[gehringer_2]

15 minutes ago, Deleterious said:

I'm not a military tactician, but I don't see how you secure the straight without boots on the ground.

Google says Iran has anti ship missiles with 180 mile range and the straight is only 21 miles wide. So they can launch those from 150 miles inland.

they don't even have to use anti-ship missiles, all they need to do if float a bunch of mines out into the gulf that will self-deploy out in the straight.

Quote

As of early 2026, the U.S. Navy's dedicated minesweeping fleet is critically reduced, with reports indicating only about four to eight Avenger-class mine countermeasures ships (MCMs) remain in service, down from a total of 14. These remaining vessels are primarily forward-deployed in Sasebo, Japan, and Bahrain. 

• Fleet Status: The Navy is in the process of decommissioning the aging Avenger-class ships, with plans to replace them with more modern, modular systems and Littoral Combat Ships (LCS) equipped with mine-hunting packages.

I would note that due to litany of procurement problems, the LCS program has been dramatically reduced.

Edited 15 hours ago by gehringer_2

[1984Echoes]

FYI: It's strait, not straight.

Straight = straight line.

Strait = thin body of water (as in larger than a river) between two larger bodies of water.

Unless this is just a joke I am missing out on...

[gehringer_2]

1 hour ago, 1984Echoes said:

FYI: It's strait, not straight.

Straight = straight line.

Strait = thin body of water (as in larger than a river) between two larger bodies of water.

Unless this is just a joke I am missing out on...

LOL - yes. And anyone who lives in De'Troit should know better!

Edited 4 hours ago by gehringer_2

[Deleterious]

2 minutes ago, gehringer_2 said:

LOL - yes. And anyone who lives in De'Troit should know better!

You were just following stupid.  

[Tiger337]

1 hour ago, 1984Echoes said:

FYI: It's strait, not straight.

Straight = straight line.

Strait = thin body of water (as in larger than a river) between two larger bodies of water.

Unless this is just a joke I am missing out on...

You got that strait.  

[Hongbit]

All My Exes Live In Texas

[chasfh]

George Straight would appreciate this part of the thread.

[Screwball]

G7 to take 'necessary measures' to support energy supplies - BBC

This has calmed the oil markets. We'll see how long it lasts. WTI back down to $92 and change.