All your peers who have no personality besides cars and whining about gas prices are gonna encounter the stove
aspiringSnowboarder on
submission statement
We are now officially in the worst case scenario for a conflict in the middle east.
A war that will now potentially last weeks, if not months, is causing oil prices to skyrocket. Oil futures have increased 14% TODAY ALONE. That is the largest increase recorded for 1 day.
Qatar/Kuwait have announced they are at 100% capacity in storage, with all tankers full as well and unable to exit to empty. They have no choice but to physically shut down their plants. Qatar says it can take 2 weeks to turn on production again, and then half a year to get back to 100% production capacity.
Qatari officialls expect prices to shoot up to 150$ PER BARREL this coming week. A near 80% increase.
This is going to be apocalyptic for the world economy. Phillipines has already declared a national emergency and ordered workers to be remote/work only 4 days a week in an effort to reduce productivity.
The US is fucked too. High job losses, a high interest rate, AND now an inflationary environment. Genuinely impressive that Trump managed to turn Biden’s economic miracle into a 3rd world Erdogan-like economy
2 Comments
All your peers who have no personality besides cars and whining about gas prices are gonna encounter the stove
submission statement
We are now officially in the worst case scenario for a conflict in the middle east.
A war that will now potentially last weeks, if not months, is causing oil prices to skyrocket. Oil futures have increased 14% TODAY ALONE. That is the largest increase recorded for 1 day.
Qatar/Kuwait have announced they are at 100% capacity in storage, with all tankers full as well and unable to exit to empty. They have no choice but to physically shut down their plants. Qatar says it can take 2 weeks to turn on production again, and then half a year to get back to 100% production capacity.
Qatari officialls expect prices to shoot up to 150$ PER BARREL this coming week. A near 80% increase.
This is going to be apocalyptic for the world economy. Phillipines has already declared a national emergency and ordered workers to be remote/work only 4 days a week in an effort to reduce productivity.
The US is fucked too. High job losses, a high interest rate, AND now an inflationary environment. Genuinely impressive that Trump managed to turn Biden’s economic miracle into a 3rd world Erdogan-like economy