With gas more than $6 in state, delivery of about 2m barrels is last planned shipment to pass through strait of Hormuz
The average price of a gallon of gas in California already stands at more than $6, but more uncertainty looms as the last oil tanker from the Middle East arrived in the Golden state this week.
The Los Angeles Times reported on Sunday that the New Corolla, which left the Middle East for California before the war broke out, is delivering about 2m barrels of crude oil from Iraq to Long Beach. It was the last planned shipment to pass through the strait of Hormuz.
The California Energy Commission vice-chair, Siva Gunda, told legislators on Tuesday that the state can meet fuel demand for the next six weeks with its current supply.
The stock market jumped around 1.5% today, so I have to assume this is Good Aktuly.
The California Energy Commission vice-chair, Siva Gunda, told legislators on Tuesday that the state can meet fuel demand for the next six weeks with its current supply.
It is very funny that Trump’s policy towards Cuba and California have so many intersections.
Is there anything to imply the stock market actually gives a damn about external/macro cost pressures? Its like all fundamentals are out the window. At this point the companies are comfortable cranking their prices to offset any incurred costs at a moment notice, customers are used to seeing it. They’ll roll their eyes, bitch a little, and buy the product anyway.
I have to think there will be a tipping point when people straight up can’t afford things, but right now there doesn’t seem to be a tangible ceiling.
Is there anything to imply the stock market actually gives a damn about external/macro cost pressures?
Ask Lehman or Enron. Ask all the companies that were face-planting during COVID. There’s definitely a breaking point that firms can hit, dependent on who their creditors are and how much revenue they command in a given moment.
I have to think there will be a tipping point when people straight up can’t afford things, but right now there doesn’t seem to be a tangible ceiling.
The Markets Can Remain Irrational Longer Than You Can Remain Solvent
Brother, uncertainty has been looming since November when that orange anal fistula with a piss-yellow sod hairpiece pursed his soggy, wet, night-crawler, dick wrappers and convinced the tail end of dying generation that brown people are causing Joe Biden to make gas expensive.
That was epic. Thank you.
Hope y’all bought a bike
That’s fine. Just have another leak, and scoop some up from the surface of the Gulf of Mexico.
this is absolutely bonkers we are in for it in the US we cant even get gas and cars right these are the staples of the american war diet yet apr is 8% and gas is $5 gallon average. awesome. glad we have been at war with the middle east longer than i have been alive.
