Brian_06030 t1_iu7b62q wrote
Reply to comment by 8pointstar in Please prepare yourself we just ordered more oil to heat the house and was told due to a pending shortage f diesel and home heating oil there will be rationing of it by Frequent_Ad_7824
It's cyclical, it's hit close to this low multiple times in 2019, 2018, 2013 and the lowest in 2008
The only difference is now people panic at the slightest mention of oil prices changing, and oil companies profit from it
8pointstar t1_iu9h4q3 wrote
It was 25 in 2008 and everyone who knew was concerned. Further, the downward trajectory is too steep. This isn't a gradual loss, and even the WH has called it "unacceptable" Also, maybe don't criticize people for worrying about oil prices when 100 gallons this year could cost them upwards of 600 vs last year's 250. Prices like that can and will drag many families over the financial edge.
Wide_Television_7074 t1_iu7uw8z wrote
why do you think that is? because we have a demented geriatric asleep at the wheel while his interns drain the strategic petroleum reserve and push global nuclear war
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