Could oil prices skyrocket to $200 a barrel … or more?

The Hill ^ | 07/24/18 | Simon Henderson

[yesthatjallen]

As far as I'm concerned, there are three things that can take down Trump. A legitimate scandal with actual evidence, Trump not living up to the promises he made to his base, and a poor performing economy.

Higher gas prices not only hit hard but engender anger and finding someone to blame.

If oil prices rise will the MSM and Democrats try to pin it on Trumps' polices?

[1Old Pro]

If oil prices rise will the MSM and Democrats try to pin it on Trumps' polices?

That's a good one, almost had me.

[nikos1121]

We are producing more oil than ever. Why should prices go up?

[Buckeye McFrog]

If some volcano erupts in Malaysia the Democrats will try and blame it on Trump’s policies.

Its’ who they are. It’s what they do.

Beware of hyperventilating stories that were planted by commodities traders.

[central_va]

Put back on the oil export ban.

[G Larry]

No.

There's $100 bbl ceiling built in by the markets, given current U.S. production levels.

Iran can supply China, who, in turn, can assist with their refining shortfall.

[bk1000]

“We are producing more oil than ever. Why should prices go up?”

After Trump called out Iran yesterday, oil prices went DOWN! TDS is wearing thin.

[Dr. Sivana]

Refineries across the world are having to recalibrate to produce low-sulphur diesel to meet new environmental regulations, prompting shortages that can push prices up.

If we were really talking about $400/barrel oil, the environmental regulations would be tolled in enough parts of the world that it would not be $400/barrel.

[mad_as_he$$]

Doom porn. It is illogical that the price of crude will skyrocket because there is a production shortage of diesel.

[nikos1121]

Trump will explode if the gas prices go up even 10 cents. This article is pure mental masturbation. Oil prices $200 a barrel. Ridiculous.

[Alberta's Child]

It is illogical that the price of crude will skyrocket because there is a production shortage of diesel.

Exactly. If there is a constraint on refining capacity for fuel, this would be seen as a rise in FUEL prices (due to the shortage) and a decline in OIL prices (due to the glut of oil that can't be refined).

[SkyDancer]

They don’t have that claim that Bush’s oil buddies are profiting.

[C210N]

Doom porn.

Could oil prices skyrocket to $200 a barrel … or more?

Sure it "could" rise to $200. Sure it "could" rise to even more.

It "could" also go down to $0. It "could" go to -$200, where I'm paid to take a barrel. Or even lower than -$200, to take a barrel.

Not likely from a statistical perspective, but the enemedia couldn't care less when writing an article of doom (AOD).

[RoseofTexas]

I see..just substitute the NYslimes and Washington COMpost with The Hill...ALL FAKENEWS all of the time!!

[bert]

To bad you are left out. You could buy oil stocks but I suppose you failed to do that and whine about Bush instead

[CodeToad]

I guess you didn’t see that Trump got the Keystone and other pipelines moving.

Obama is the one that thwarted energy production.

Trump is correcting Obama’s terrible anti-Energy actions.

[Tench_Coxe]

I notice you're always posting articles from that site. I tend not to take their articles too seriously.
Since the advent of fracking and other technologies, there is a ceiling on barrel prices.
Maybe the author can do an article on how (enter Trump policy here) is driving up pork bellies.

[Ron H.]

"Could oil prices skyrocket to $200 a barrel … or more"

Liberal scare tactics leading up to an election.

[Mr. K]

not with us producing our own.

[Mr. K]

Close down the gulf oil traffic through the strait and watch how fast things get very bad for you...