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(Yahoo)   OPEC's attempt to boost oil prices lasted about 96 whole hours before the reality of global recession kicked in   (finance.yahoo.com) divider line
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    More: Followup, Monetary policy, Petroleum, International trade, Inflation, Federal Reserve System, Washington Mutual, Money supply, Central bank  
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1626 clicks; posted to Business » on 11 Oct 2022 at 8:38 AM (23 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



22 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
severedtoe
2022-10-11 9:41:27 AM  
While EV's are still only a fraction of the vehicles on the road today, its still not a good idea to price gouge your customers.  Its also not terribly endearing to enrich hostile oppressive regimes.
 
Tell Me How My Blog Tastes [TotalFark]
2022-10-11 9:42:27 AM  
Oil price hikes act as a tax (by oil suppliers) on the world economy. Basically, OPEC just did their part to ensure oil prices will tumble. I guess if you assume a recession is coming either way it didn't matter, but as policy makers it was just a stupid call on their part. But they virtue-signaled their love affair with Putin, so that was dumb too.
 
bighairyguy [TotalFark]
2022-10-11 9:43:45 AM  
All the gas stations around me just bumped their prices 15-20 cent a gallon so someone didn't get the memo.
 
flucto
2022-10-11 9:52:29 AM  
F*uck OPEC. We should start to sanction the f*uck out of the countries who are trying to screw us.
 
misanthropicsob [OhFark]
2022-10-11 9:54:39 AM  
Gas prices have been going up for about a month in Washington, with average prices near $5.50 last week and $5.52 this week.

So, I'm getting kicked.
 
flucto
2022-10-11 10:01:57 AM  
The current cost of heating oil is really, really bad news for the Democrats next month.
 
xanadian [TotalFark]
2022-10-11 10:02:16 AM  

bighairyguy: All the gas stations around me just bumped their prices 15-20 cent a gallon so someone didn't get the memo.


Oil prices go down, gas prices go up. You can't explain that.
 
RoLleRKoaSTeR
2022-10-11 10:18:31 AM  
The board members and execs at Marathon Oil can EABOD and DIAF for all I care. Prices jumped over 40 cents in the last two weeks.
 
groppet
2022-10-11 10:19:34 AM  
They shot up here about 10-20 cents after Putin and MBS made their deal and have been hovering there since.
 
flucto
2022-10-11 11:02:36 AM  

RoLleRKoaSTeR: The board members and execs at Marathon Oil can EABOD and DIAF for all I care. Prices jumped over 40 cents in the last two weeks.


I bought oil yesterday for $4.30, today same company is at $4.97
 
Dinjiin [BareFark]
2022-10-11 12:06:10 PM  

xanadian: bighairyguy: All the gas stations around me just bumped their prices 15-20 cent a gallon so someone didn't get the memo.

Oil prices go down, gas prices go up. You can't explain that.


Didn't you see this in the window of your nearest fuel refinery?

Fark user imageView Full Size
 
thornhill
2022-10-11 12:14:50 PM  
I don't get why Democrats don't make renewable energy all about independence from Saudi Arabia, Russia, and other countries run by authoritarian regimes.
 
Klom Dark
2022-10-11 2:33:52 PM  

flucto: The current cost of heating oil is really, really bad news for the Democrats next month.


Who the hell still uses hearing oil? Even in my backwoods red state, that oil is illegal for heating.
 
Klom Dark
2022-10-11 2:34:08 PM  
Heating oil
 
Jerkstorebestseller
2022-10-11 2:44:11 PM  

thornhill: I don't get why Democrats don't make renewable energy all about independence from Saudi Arabia, Russia, and other countries run by authoritarian regimes.


optimistdaily.comView Full Size

It's been tried. Long term planning isn't something the American electorate can understand.
 
hoodiowithtudio
2022-10-11 5:00:11 PM  

flucto: F*uck OPEC. We should start to sanction the f*uck out of the countries who are trying to screw us.


The best sanctions are improvements to infrastructure. Encourage people to either use trains or live in walkable areas.
 
AtlanticCoast63
2022-10-11 5:06:24 PM  

bighairyguy: All the gas stations around me just bumped their prices 15-20 cent a gallon so someone didn't get the memo.


Same here.
 
flucto
2022-10-11 9:30:34 PM  

Klom Dark: flucto: The current cost of heating oil is really, really bad news for the Democrats next month.

Who the hell still uses hearing oil? Even in my backwoods red state, that oil is illegal for heating.


Tens of millions of households in the North East. Excellent display of ignorance though. First rate.
 
Klom Dark
2022-10-11 10:05:28 PM  

flucto: Klom Dark: flucto: The current cost of heating oil is really, really bad news for the Democrats next month.

Who the hell still uses hearing oil? Even in my backwoods red state, that oil is illegal for heating.

Tens of millions of households in the North East. Excellent display of ignorance though. First rate.


Seriously? Wow.

Sorry, other than a few days in Manhattan, I've never spent any east coast time. Definitely never in winter. Just assumed that if it's illegal in a low population republican oil producing state, it would definitely be illegal in high density states.

But continue to be a dickhead if you'd like, or we can be friends.
 
flucto
2022-10-11 10:29:46 PM  

Klom Dark: flucto: Klom Dark: flucto: The current cost of heating oil is really, really bad news for the Democrats next month.

Who the hell still uses hearing oil? Even in my backwoods red state, that oil is illegal for heating.

Tens of millions of households in the North East. Excellent display of ignorance though. First rate.

Seriously? Wow.

Sorry, other than a few days in Manhattan, I've never spent any east coast time. Definitely never in winter. Just assumed that if it's illegal in a low population republican oil producing state, it would definitely be illegal in high density states.

But continue to be a dickhead if you'd like, or we can be friends.


I was kind of a dick wasn't I?
 
RedVentrue
2022-10-11 10:56:56 PM  

Jerkstorebestseller: thornhill: I don't get why Democrats don't make renewable energy all about independence from Saudi Arabia, Russia, and other countries run by authoritarian regimes.

[optimistdaily.com image 850x560]
It's been tried. Long term planning isn't something the American electorate can understand.


Congress is fueled by cocaine.
 
jjorsett
2022-10-12 1:21:41 AM  
In the last ten days my corner station went from $5.89 to $6.15 to $6.35 and now back down to $6.09 today. It used to change about quarterly, and now it's like watching the stock market.
 
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