Sunday, March 6, 2022

Gas, Wars, Etc.

 Here's a pic from Fromthebarrelofagun that puts current gas prices into historical perspective:


With this in mind, and American oil company recently purchased a large number of barrels of Ural crude from the Russkies at the bargain basement price of $28/barrel. I don't approve of this subsidy of the Russian war in Ukraine, but at that rate it was an offer they seemingly couldn't refuse. As of this writing oil is currently bringing $110/bbl. Still, with all the sanctions, we still have not gotten around to including energy products like crude and LNG.

This pretty much sums it up.


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