Oil will be high for a while

[STT]

Oil prices will be higher when China decides to restock their reserves instead of use them as a buffer, it'll keep prices higher then most people would want to see them for years ahead I expect.

  Saudi Arabia is down 50% of their exports and Iraq its 70%  not every country is that badly off because they have varying routes and means but those two down the most are possibly the most productive sweet oil producers in the world.  I don't see how any other conclusion could occur except oil prices are higher for the rest of this decade.

[MainIbem]

Yes, oil isn't an unlimited resource. According to many estimate, at the current rate of extraction and consumption, known oil reserves could run out around 2071. However, this is only the amount of oil that has been confirmed using current technology, not the total actual amount of oil that exists underground. As technology advances, more oil field will likely be discovered.

So although the world is looking for alternatives, based on the available data, it is fair to say that oil's importance is not going to disappear anytime soon.

As for the US, they've never actually won any war, but they'll never admit it.

https://www.worldometers.info/oil/

Do you know why I am not bothered if oil finish today? Before the oil discovery people were living life and they found a lot of comfort during that particular time and immediately they discover oil, it only improve their well-being and that is exactly what is going to happen when oil will run out. When it comes to energy a lot of things have come up and I am very sure that they will continue to advance it to the level of human satisfaction, solar system as appeared which a lot of advance countries are engaging on now, electric cars or any electric vehicle is a sign that oil is close to the replaced. When you talk of United States of America in terms of winning war has never happened, check their history properly you will know that they haven't won a very smooth war before. No matter what they will never admit it, but we all know that their Power is reducing day by day.

I support Swordsoffreedom that it won't inish in the near future, humans have learn to adapt over time so when it does, we'll switch to different source of energy something more better and sustainable or stick with the ones already discovered, like the EVs you talked about, solar energy and nuclear fusion, including hydro, thermal and wind energies. Concerning the US, it is very true that no world power stays up forever and power might shift in future which they're working hard to make sure they remain at the top but it won't last forever and they're already seeing signs through the Brics nations. However you don't expect them to accept that they're gradually losing power, it would make them look very weak to others seeking world power.

[fruktik]

US President Trump is playing a huge game with the world economy. Have you noticed that when he gives positive statements to stop the war, the global capital market is bullish. When he moves away from the expectation of stopping the war, the global economy is unstable.
Trump is maintaining the war to destroy Iran and he is only saying it with his mouth and is waging war and trying to influence the market by giving statements. Almost every day he expresses his opinion, which is affecting the market. I think his own community is benefiting more from this, those communities are using Trump. This large community in the world is becoming the owner of a lot of wealth.

The point is that Trump's inner circle actually benefits greatly from this war in Iran. It brings in hundreds of millions of dollars in speculative profits. Now that the elite has realized this, they're only egging the US president on to continue the conflict again and again. This is far from the first time in history that something like this has happened. There's even a saying: "One man's war is another man's home."

There's another factor. Trump has realized that his domestic policy is failing. If he stops the war, all attention will be focused on the country's problems, and he's completely incapable of solving them.

[GiorgoArm15]

I follow the oil market pretty closely and mostly trade WTI and Brent

Right now oil is probably one of the best markets to trade because geopolitics has such a huge impact on prices

As everyone knows the Strait of Hormuz is basically calling the shots right now along with Trump’s posts and statements from top officials in Iran and the US

At the moment whoever sees the news first can get into a position faster and potentially make money from the move

But yeah that means you have to stay switched on pretty much all the time keep track of a massive amount of information and set up automatic alerts for news and everything else

[Sawera2255@]

Now a days the price of petrol is decided according to the war of Iran and America As the war exceed the price of Crude oil also increase or as the matters of war go down the price of crude oil became less As recently  the PM of America Donald Trump said that our matters with Iran is near to sort the last era of discussion between the Iran and America is going on after this tweet of Donald Trump the price of London crude decreases and come to the 79$  5 cents and American crude oil come to the 74$ and 71 cents after decreasing if the condition will remain fine like that then the price of oil will decreases or in any condition the meeting will not suceeded then the price of fuel will increase very much .

[Jessie2121]

Not only in your country that gas price has gone up, is same thing in my country too and when we talk about gas it affected fuel price, that one is just going up and down a little bit like the way bitcoin price do move. This war has made things hard for everybody in the world and is really annoying because they who started the war don't seem to care about how the people they are leading feelings, all they want is how they can benefit from whichever problem that happens in the world.

Have you only just come to this conclusion? It's long been clear that Trump and his entourage are profiting handsomely from this military conflict in Iran. Just look at his son's oil deals to reach that conclusion. And what exactly is all this? It's insider trading, which is punished very harshly in the US. So why is the American president still free? Does he put himself above others? He should definitely be punished for this.

What's happening now? It's the same old story. Oil prices are swinging. Buy, sell. And so on. It's a perfect scheme. And you're still surprised Trump cares about the people?

I don't get you actually, in this discussion or should I say the war as it's happening, non of these leaders are looking for a way to take a chill pill on this war, instead they go on a break to reload then they strike at each other. To be frank with you, this is their yard, their ball game which they are in full control so who are we to stop them in the first place? They feel relaxed whenever they cash out on all these issues we face, Trump is not even a saint, he has his flaws that shouldn't be treated in a calm way but with how the pressure is on this war it doesn't seem like anybody cares to point out anybody that he or she is bad or has done something against the law. Let this high price come down so that everybody will continue living a normal life.

US President Trump is playing a huge game with the world economy. Have you noticed that when he gives positive statements to stop the war, the global capital market is bullish. When he moves away from the expectation of stopping the war, the global economy is unstable.
Trump is maintaining the war to destroy Iran and he is only saying it with his mouth and is waging war and trying to influence the market by giving statements. Almost every day he expresses his opinion, which is affecting the market. I think his own community is benefiting more from this, those communities are using Trump. This large community in the world is becoming the owner of a lot of wealth.

It has been like that and is the reason why I don't fancy all these peace talk I have been hearing right from the beginning, if they have so much to gain from it they should just go for their gain and let the innocent lives to be because if you check the poor masses are not getting anything positive on their side. They are playing us, Trump and his buddies are ready to continue like this just to keep the war going and the only way to fuel it the more is by annoying Iran, pushing them to anger to the point that they will react, at this point I find it hard to say Trump is doing well.

[Conqueror777]

No one knows for how long this war can go on. It can be weeks or months. But a lot of people seem to think that once the war ends, everything will go back to normal. That is not the case. Oil prices are going up now and for every day that companies struggle to operate, the closer they are to bankruptcy. Maybe the big companies would be fine but even them are struggling. To expect that once the war ends, everything will go back to how it was before would be foolish. It will take a while for everything to go down low, if things were to bounce back to what we used to consider normal.

The war with Iran, has contributed to the high value of oil. Let's pray that this ends quickly because a lot of people are becoming poorer and poorer due to that the high value of oil affects whole economies.

[G_Besar]

It has been like that and is the reason why I don't fancy all these peace talk I have been hearing right from the beginning, if they have so much to gain from it they should just go for their gain and let the innocent lives to be because if you check the poor masses are not getting anything positive on their side. They are playing us, Trump and his buddies are ready to continue like this just to keep the war going and the only way to fuel it the more is by annoying Iran, pushing them to anger to the point that they will react, at this point I find it hard to say Trump is doing well.

It's hard to say it's the best, although Trump's version of events may be the best, but if we examine it from the perspective of Iran, where many citizens are generally feeling the effects of the war, it's clearly not good. Perhaps, if we look at it more closely, it's driven by a display of fear on both sides, unwilling to yield for anything, which is why Trump's administration continues to exert pressure on Iran through war. So the impact felt by all parties in the world is starting to be felt more difficult because Iran still has full control over the strait which is often passed by all ships when transporting crude oil.

[Jubilee58]

No one knows for how long this war can go on. It can be weeks or months. But a lot of people seem to think that once the war ends, everything will go back to normal. That is not the case. Oil prices are going up now and for every day that companies struggle to operate, the closer they are to bankruptcy. Maybe the big companies would be fine but even them are struggling. To expect that once the war ends, everything will go back to how it was before would be foolish. It will take a while for everything to go down low, if things were to bounce back to what we used to consider normal.

If you are talking about the war between Iran and USA you are right because the passage of stait of hamuz has be closed, and is a place where petroleum products or oil passes to many other countries who depend on them to get oil supply. Since the war between Iran and USA commenced, many countries have witnessed fuel hike, and it is really affecting many economy of different countries. This has given room to high cost of transportation, high cost of living, and many low salary earners have even left their jobs because of high cost of transportation, and many others are working from home.
We all encourage peace, and unity between Iran and USA so that their could be economic stability, and reduction in fuel price in the affected countries of the world.

[STT]

Politics makes oil an awful market to trade, the contracts are there as utility to those that require that commodity and need a certain price.   I would say that whole market is difficult, already from OPEC and now you've got a hostage situation in the gulf and a literal war plus always politics.

   Politics is horrible interference, the main trade is to own those that benefit from the higher price and I'd judge that to be natural gas as an under rated more local resource but with oil restricted at higher price it helps the prospect of every alternative energy source surely.

[Jessie2121]

It has been like that and is the reason why I don't fancy all these peace talk I have been hearing right from the beginning, if they have so much to gain from it they should just go for their gain and let the innocent lives to be because if you check the poor masses are not getting anything positive on their side. They are playing us, Trump and his buddies are ready to continue like this just to keep the war going and the only way to fuel it the more is by annoying Iran, pushing them to anger to the point that they will react, at this point I find it hard to say Trump is doing well.

It's hard to say it's the best, although Trump's version of events may be the best, but if we examine it from the perspective of Iran, where many citizens are generally feeling the effects of the war, it's clearly not good. Perhaps, if we look at it more closely, it's driven by a display of fear on both sides, unwilling to yield for anything, which is why Trump's administration continues to exert pressure on Iran through war. So the impact felt by all parties in the world is starting to be felt more difficult because Iran still has full control over the strait which is often passed by all ships when transporting crude oil.

The problem will always hit on the citizens all the time, they government play their political game by put the citizens on the front line while they sit and enjoy what comes out in the crisis. The Strait of Hormuz is for the world to use but the way Iran went on to make everything to be on stand by is really shocking, Trump himself knows what can happen and this has affected the world, businesses are not moving as fast as it was but yet these leaders just want to be seen as superior over the other. The question we should ask is, for how long will they hold the Strait of Hormuz captive from the world?

[Barcode_]

It is so sad to see the whole world suffering from high oil and energy prices when a person who just happened to be one of the most powerful president in the world launching a pointless war against Iran, and Donald Trump does seems truly keen to keep on prolonging the war with Iran. Oil prices are once again rising towards new high after the USA strikes on Iran today with the order by Donald Trump, I think the chances of Iran war ending this year are getting slimmer as both sides does not seems keen to strike a compromise on the terms and conditions to end this war which caused miserably for the whole world.

[CryptoBuds]

It is so sad to see the whole world suffering from high oil and energy prices when a person who just happened to be one of the most powerful president in the world launching a pointless war against Iran, and Donald Trump does seems truly keen to keep on prolonging the war with Iran. Oil prices are once again rising towards new high after the USA strikes on Iran today with the order by Donald Trump, I think the chances of Iran war ending this year are getting slimmer as both sides does not seems keen to strike a compromise on the terms and conditions to end this war which caused miserably for the whole world.

I still remember back in June when both side agreed to sign the mou, I was pretty confident that the war was finally over. But that agreement quickly fell apart and since then, I have not really believed that a peace deal will be reached this year. Trump will never stop attacking Iran.

I think we are only hopeful in this war ending this year if the Democrats win the House back. Only then could Trump's war powers be limited, and we might finally have reason to believe that this war could come to an end.

[Baki202]

It is so sad to see the whole world suffering from high oil and energy prices when a person who just happened to be one of the most powerful president in the world launching a pointless war against Iran, and Donald Trump does seems truly keen to keep on prolonging the war with Iran. Oil prices are once again rising towards new high after the USA strikes on Iran today with the order by Donald Trump, I think the chances of Iran war ending this year are getting slimmer as both sides does not seems keen to strike a compromise on the terms and conditions to end this war which caused miserably for the whole world.

Extremely depressing because, at this point, it is getting exhausting because the price of bitcoin has refused to drop as we would like, and everyone is purchasing gas at a very high price. I don't understand why others aren't speaking up because I am certain that problems like this should be discussed on Submit about what we believe should be a matter of concern. After all, the high cost of fuel is only another issue that people are facing here, and there ought to be a method to improve things even further.

As it happens, some nations are attempting to use CNG because it is somewhat less expensive than gasoline. However, I believe that people are still very skeptical about everything related to CNG and are afraid of it. However, if the right channels are followed, I don't think there should be any problems with conversion for vehicles that are not CNG from the factory; at this point, everyone is fed up with the price of gasoline.

[Halifat]

No one knows for how long this war can go on. It can be weeks or months. But a lot of people seem to think that once the war ends, everything will go back to normal. That is not the case. Oil prices are going up now and for every day that companies struggle to operate, the closer they are to bankruptcy. Maybe the big companies would be fine but even them are struggling. To expect that once the war ends, everything will go back to how it was before would be foolish. It will take a while for everything to go down low, if things were to bounce back to what we used to consider normal.

The war with Iran, has contributed to the high value of oil. Let's pray that this ends quickly because a lot of people are becoming poorer and poorer due to that the high value of oil affects whole economies.

Honestly this war is causing a lot of hardship all over the world because currently the fuel price is getting higher and I have not seen any sign this war will end soon, recently I heard that United States of America as drop bombs again and Iran retaliated. I don't really know what is actually happening, I thought everything has been settled. I don't know when this war will end because we know China and Russia are not going the same way with United States and they are supporting Iran. I just pray this should come to an end very quickly so that the economy will be balance for every nation.

[Abiky]

Honestly this war is causing a lot of hardship all over the world because currently the fuel price is getting higher and I have not seen any sign this war will end soon, recently I heard that United States of America as drop bombs again and Iran retaliated. I don't really know what is actually happening, I thought everything has been settled. I don't know when this war will end because we know China and Russia are not going the same way with United States and they are supporting Iran. I just pray this should come to an end very quickly so that the economy will be balance for every nation.

Trump lost his mind. That's what's happening. He doesn't care whenever Americans or the global economy gets affected. All he wants is to fill his pockets with money, while the rest suffer in misery. Trump's real intentions are to seize Iran's oil. The on-going conflict will keep oil prices high for long. Luckily for the world, this isn't going to last forever. The midterms are just a month ahead. Therefore, this little circus between the US and Iran is about to end soon. Especially when Democrats winning either one or both chambers of Congress will put pressure down on Trump. But as we've seen before, Trump is unpredictable. So he may come up with the worst, just so Republicans can stay in power and the war continues full speed ahead.

The world must slowly ditch oil until it no longer needs it for energy security. Only then, situations like this one would be avoided in the future. We'll see what happens...

[fruktik]

I don't get you actually, in this discussion or should I say the war as it's happening, non of these leaders are looking for a way to take a chill pill on this war, instead they go on a break to reload then they strike at each other. To be frank with you, this is their yard, their ball game which they are in full control so who are we to stop them in the first place? They feel relaxed whenever they cash out on all these issues we face, Trump is not even a saint, he has his flaws that shouldn't be treated in a calm way but with how the pressure is on this war it doesn't seem like anybody cares to point out anybody that he or she is bad or has done something against the law. Let this high price come down so that everybody will continue living a normal life.

In this case, Trump won't miss the opportunity to profit from this war. It's bringing him and his entourage in huge amounts of money. Therefore, we can't count on a quick end to this military conflict.

The red-haired old man's entire current policy is based on external "threats." He's trying to gain control not only of power, but also of oil. But this idiot doesn't understand that the world has changed radically, and more and more electric cars with longer ranges are appearing on the roads. Therefore, the price of black sludge will fall in any case. I'm forecasting a price of $20-40 per barrel for the near future.

[yixichloro2xx]

US President Trump is playing a huge game with the world economy. Have you noticed that when he gives positive statements to stop the war, the global capital market is bullish. When he moves away from the expectation of stopping the war, the global economy is unstable.
Trump is maintaining the war to destroy Iran and he is only saying it with his mouth and is waging war and trying to influence the market by giving statements. Almost every day he expresses his opinion, which is affecting the market. I think his own community is benefiting more from this, those communities are using Trump. This large community in the world is becoming the owner of a lot of wealth.

The point is that Trump's inner circle actually benefits greatly from this war in Iran. It brings in hundreds of millions of dollars in speculative profits. Now that the elite has realized this, they're only egging the US president on to continue the conflict again and again. This is far from the first time in history that something like this has happened. There's even a saying: "One man's war is another man's home."

There's another factor. Trump has realized that his domestic policy is failing. If he stops the war, all attention will be focused on the country's problems, and he's completely incapable of solving them.

You made a nice point. I remember when companies like ExxonMobil, Chevron, Lockheed Martin and more were reporting  massive profit this year.  This just shows how certain kind of companies or individuals benefits from government spending and global conflicts. A clear example are the defence industries, whose gain comes from demand of from fighting equipment like aircraft, guns, missiles etc. But Taxpayers money funds alot of this things.
‎
‎If Trump refuses to end the war because of how it exposes his failed policy, it won't matter much any longer because the mid term election is coming up. It looks like the Democrats are having a strong edge over Republicans in the upcoming election.  Democrats winning will be an headache for Trump. lots and lots of investigation might be carried out on him.
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[Oluwa-btc]

I still remember back in June when both side agreed to sign the mou, I was pretty confident that the war was finally over. But that agreement quickly fell apart and since then, I have not really believed that a peace deal will be reached this year. Trump will never stop attacking Iran.

I think we are only hopeful in this war ending this year if the Democrats win the House back. Only then could Trump's war powers be limited, and we might finally have reason to believe that this war could come to an end.

Both democrats and Republicans are in support of foreign wars and their support for isreali regime since they all have been bought with money.  I still do not see the possibility where a democrats come in and make a massive difference,  the time of Barrack Obama saw heavy sanctions, I think they can with stand anything.
Donald Trump signed the Mou but he couldn't stop Benjamin Netanyahu from from committing further genocide in both Palestine and Lebanese. I don't know what comes but hopefully we get to benefit from it all.

[lombok]

You made a nice point. I remember when companies like ExxonMobil, Chevron, Lockheed Martin and more were reporting  massive profit this year.  This just shows how certain kind of companies or individuals benefits from government spending and global conflicts. A clear example are the defence industries, whose gain comes from demand of from fighting equipment like aircraft, guns, missiles etc. But Taxpayers money funds alot of this things.
‎
‎If Trump refuses to end the war because of how it exposes his failed policy, it won't matter much any longer because the mid term election is coming up. It looks like the Democrats are having a strong edge over Republicans in the upcoming election.  Democrats winning will be an headache for Trump. lots and lots of investigation might be carried out on him.
‎
‎

Its circulation of large sums in the military industry confirms that the increasing geopolitical tensions are always a good source of revenues to capital owners. Large sums of money spent by state authorities are redirected to the coffers of oil giants and manufacturers of war materials around the globe.

Shifts in the political balance in the legislature should be extremely relevant in dealing with the hubris of the foreign policy of the ruling elite. Representative elections can lead to a tsunami of official investigations in order to reveal financial conspiracy between officials and armies conglomerates.