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BP's avatar

Don't forget the other side of the ongoing story... the world economy is shrinking sooooo even though oil prices could spike from choke point consequences of a middle eastern war, demand has been taking a dive since the "jabber". When economies collapse so does industry, business, travel, etc. and summer is coming.. this all leads to even less demand for supply. It's how OPEC controls global pricing by increasing/decreasing production. Again, drill baby drill will have zero impact as it takes years from drilling to being in a gas station pump. I'm an oil/gas guy and work around the world for +30 years.. and I have worked for the majors.. I know how this all works... Finally, wars need lots of diesel/jet fuel.. so your strategic supply in the US and other global storage tanks will be drained... the moral of this story is there will be a huge spike in pump prices and no way to keep them full. You will more than likely see +10$ per gallon when this kicks off..

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Chris Eustace's avatar

Come one come ALL to the Apocalyptic 🎉

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