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ProfessorGAC

(76,527 posts)
5. Reading For Comprehension Is A Skill
Wed Mar 11, 2026, 01:58 PM
20 hrs ago

I never said the US wasn't affected. Don't know how the heck you got that interpretation.
I was talking, quite clearly, about petroleum production. The #1 oil producing description should have been a clue.
Plus, what part of "up >30% in a week" did you not understand.
The petro market is always irrational. The prices went up nearly 80% in a typical overreaction.
They have settled back down but still at significantly higher prices for all grades of crude.
Once pricing tries to reach its new equilibrium, it doesn't tend to react to every event. That, in & of itself, explains why prices shoot up, but gradually recede. (There are other factors, but that move toward equilibrium is a consistent lever.)
If you just wanted everyone to agree with your assessment, you should have said so.

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0 members have recommended this reply (displayed in chronological order):

BS gab13by13 22 hrs ago #1
Well-articulated rebuttal SamuelTheThird 22 hrs ago #2
crude is up 4% today after that announcement gab13by13 19 hrs ago #7
Yes, There Are Such Countries ProfessorGAC 21 hrs ago #3
I meant it didnt skyrocket after yesterday's ship attacks SamuelTheThird 20 hrs ago #4
Reading For Comprehension Is A Skill ProfessorGAC 20 hrs ago #5
You were wrong, in any event SamuelTheThird 20 hrs ago #6
And crude is up 4% today gab13by13 19 hrs ago #8
Of course they won't cure it SamuelTheThird 19 hrs ago #9
Dozens of countries agreed to release 400 million barrels of oil. But it didn't bring down prices. LetMyPeopleVote 17 hrs ago #10
Latest Discussions»General Discussion»Oil isn't skyrocketing be...»Reply #5