Sign of things to come? SVB fails

[soonergolfer]

Blame Saudi Arabia and Russia for that. They have no desire to work with anyone else to lower the prices.

I guess you could “blame” them for wanting to keep price control on their countries most valuable asset and the product that essentially pays for the entire government. They have absolutely no sympathy for the US and how they released 350M barrels from the SPR in a year, just because they felt like it.

[Plutonic Panda]

I guess you could “blame” them for wanting to keep price control on their countries most valuable asset and the product that essentially pays for the entire government. They have absolutely no sympathy for the US and how they released 350M barrels from the SPR in a year, just because they felt like it.

We also kinda sorta enable that and allow it to happen soooooo

[Jersey Boss]

We also kinda sorta enable that and allow it to happen soooooo

Yeah, I'm sure SA asked first. How did "we" allow it to happen?
Enquiring minds want to know.

[mugofbeer]

As long as technology for hybrid, electric and hydrogen vehicles progresses and costs start to equate with petroleum engines, the need for oil won't be as great because supply will decline more slowly than demand.

Get EV Semi's on the road - even if just local, short haul routes, and huge amounts of petroleum will no longer be needed.

[Plutonic Panda]

As long as technology for hybrid, electric and hydrogen vehicles progresses and costs start to equate with petroleum engines, the need for oil won't be as great because supply will decline more slowly than demand.

Get EV Semi's on the road - even if just local, short haul routes, and huge amounts of petroleum will no longer be needed.

I can’t believe we haven’t at least embarked on an initiative to install electric outlets at truck stops similar to RV parks so the trucks don’t have to idle. It seems like we should’ve done that a long time ago.