Cushing, Oklahoma, dubs itself the pipeline crossroads of the world. The tagline is emblazoned on a giant roadside sign fashioned out of pipes on the corner of Main Street and South Stiles Road. It has a valve and everything.
In multiple ways, we are seeing the end of the oil age.
Yeah. After the middle of July the other shoe is going to drop. Meanwhile all the sock puppet trump supporters and troll farm accounts are jumping up and down about how much the per barrel cost of oil has dropped, nevermind that it’s still higher than it was before trump started his war.
As global commercial and strategic oil reserves continue to be depleted—and the Strait of Hormuz in the Middle East remains effectively closed—the fear is it’s just a matter of time before resilient energy markets finally begin to “panic” and fuel prices soar more uncontrollably, whether that’s in July or August, said Patrick De Haan, head of petroleum analysis at GasBuddy.
Yeah. After the middle of July the other shoe is going to drop. Meanwhile all the sock puppet trump supporters and troll farm accounts are jumping up and down about how much the per barrel cost of oil has dropped, nevermind that it’s still higher than it was before trump started his war.