Fuel prices around the world.

[Hay Dude]

Actually they are very respected news sources. Name your sources of news. Opinion show hosts? Political sound bites? The guys at the coffee shop?

Since you are so convinced they are “respected”, tell us who you think on CNN reports information without any bias.

 

[Fuddy1952]

My thought is the world should see Putin for the tyrant he is. Any trade with Russia is only funding the war. We have our own oil to supply our needs and should lower the price.

 

[Hay Dude]

He's got plenty of axe to grind, as part of his business is dependent on fuel prices. I just think he's stuck on one point of a multi-pointed issue.

There’s truth in the first sentence. And believe me, I’m not the only one! There’s a lot of us who can have a make or break year based on fuel prices. You don’t have nearly as much to lose.
Sometimes it’s ok to view life through another persons suffering. Its no secret most TBNers own smaller machines and fuel prices not a big issue, so maybe that’s why you don’t get why people like me are so frustrated.
Agree that it’s a multi-point issue. I have stated the points that I believe affecting soaring fuel prices- policy, war are the ones most affecting with Covid, supply/demand as secondary in this recent 100% + increase.
Maybe the reason I focus on one point (policy) more than the rest is because it’s the one that could be changed the fastest. It’s the one where mercy could be shown on people trying to make NDA meet and help them the fastest.

Can you and jyoutz understand that?

 

[Reddogs]

Just random station in Germany

2,15 €/L = 8.89 $/GAL

View attachment 736261

I know when I was in Italy the price was 81c a liter which I figured around 3 and a half dollars a gallon, so this would be double. So that would be roughly about 7 dollars a gallon.

 

[Snobdds]

Oil prices at this level are destroying demand. Remember that commodity price charts aren't just numbers on a screen, they represent the real goods we need to survive. commodities prices are inverse indices of human flourishing. down = abundance, up = misery.

Oil price rises are akin to rate hikes. they inhibit economic activity and at sufficiently high levels, plunge us into recession. energy -> fertilizer -> food. costly energy = starve in the dark.

We may be in the initial stages of stagflation. Those that are over leveraged will bear the brunt of this next recession. Hold on tight.

 

[jyoutz]

Since you are so convinced they are “respected”, tell us who you think on CNN reports information without any bias.

They have “hard news” reporters/and programming (most of the war reporting is hard news). They have evening opinion shows with hosts like Don Lemon. Most critics don’t understand this and distinguish between them. If someone is stating their opinions, it isn’t hard news. Some cable networks are only opinion shows, not hard news. CNN and PBS are good about having both types of programming.

 

[jyoutz]

There’s truth in the first sentence. And believe me, I’m not the only one! There’s a lot of us who can have a make or break year based on fuel prices. You don’t have nearly as much to lose.
Sometimes it’s ok to view life through another persons suffering. Its no secret most TBNers own smaller machines and fuel prices not a big issue, so maybe that’s why you don’t get why people like me are so frustrated.
Agree that it’s a multi-point issue. I have stated the points that I believe affecting soaring fuel prices- policy, war are the ones most affecting with Covid, supply/demand as secondary in this recent 100% + increase.
Maybe the reason I focus on one point (policy) more than the rest is because it’s the one that could be changed the fastest. It’s the one where mercy could be shown on people trying to make NDA meet and help them the fastest.

Can you and jyoutz understand that?

I do understand that, but we have said and posted links to sources that demonstrate that policy isn’t much driving fuel prices at this time. Producers can produce more but are choosing not to, or to ramp up slowly due to their own business reasons.

 

[MossRoad]

There’s truth in the first sentence. And believe me, I’m not the only one! There’s a lot of us who can have a make or break year based on fuel prices. You don’t have nearly as much to lose.
Sometimes it’s ok to view life through another persons suffering. Its no secret most TBNers own smaller machines and fuel prices not a big issue, so maybe that’s why you don’t get why people like me are so frustrated.
Agree that it’s a multi-point issue. I have stated the points that I believe affecting soaring fuel prices- policy, war are the ones most affecting with Covid, supply/demand as secondary in this recent 100% + increase.
Maybe the reason I focus on one point (policy) more than the rest is because it’s the one that could be changed the fastest. It’s the one where mercy could be shown on people trying to make NDA meet and help them the fastest.

Can you and jyoutz understand that?

Sure, I understand that. I think in the past year I've agreed with your view of how it affects your business several times. You're at the mercy of commodity prices. When fuel prices are low, it costs you less, you make more profit. When they're high, you make less, maybe even lose money. But you're putting the main blame on policy, when the main cause right now is the industry's focus on profit for shareholders. Yes, policy has some to do with it, but for the most part, the industry is sitting on leases that haven't been tapped, wells that have been mothballed, and no desire to ramp up production like they did in 2008 when oil was $120 a barrel, only to have it fall to $30 a barrel 5 months later, causing a bunch of oil company bankruptcies and consolidations. They remember that, and won't readily ramp up production when profits are already good. Why risk the investment?

As for the comments about me not having nearly as much to lose... as compared to who?

 

[Hay Dude]

Sure, I understand that. I think in the past year I've agreed with your view of how it affects your business several times. You're at the mercy of commodity prices. When fuel prices are low, it costs you less, you make more profit. When they're high, you make less, maybe even lose money. But you're putting the main blame on policy, when the main cause right now is the industry's focus on profit for shareholders. Yes, policy has some to do with it, but for the most part, the industry is sitting on leases that haven't been tapped, wells that have been mothballed, and no desire to ramp up production like they did in 2008 when oil was $120 a barrel, only to have it fall to $30 a barrel 5 months later, causing a bunch of oil company bankruptcies and consolidations. They remember that, and won't readily ramp up production when profits are already good. Why risk the investment?

As for the comments about me not having nearly as much to lose... as compared to who?

Me?
Based on what I know about you and your situation, you have far less to lose than myself or anyone who runs an equipment intensive business.

 

[Snobdds]

Me?
Based on what I know about you and your situation, you have far less to lose than myself or anyone who runs an equipment intensive business.

Why aren't you hedging against fuel prices?