DIA Horse
Looks like something out of Revelations …
At the entrance to Denver International Airport stands this 32 ft tall statue of a blue devil horse; named Blucifer – eyes flaming red – reared, ready to strike and kill the unwary traveller as they pass though “the gateway to the west” – like it did his creator in 2006. It is deemed dangerous enough that visitors are not allowed to approach.
Denver – the Demon City
Yesterday, gas (87) $4.79 a gallon.
That may be the highest I have ever seen.
Trump has exceeded the communists.
Usually midwest gas is cheaper than ours. Today’s 87 Sinclair price is $4.39. Interesting that Costco isn’t any cheaper.
The real question is if the US is not dependent on mideast oil, why are our prices so high? As I write this, wholesale gasoline (/RB) is $3.59 and crude (/CL) is $97.26
Whatever one may think about Trump right now, don’t forget what the alternative might have been.
The gas gauge on my truck is reading nearly full right now so I’m not quite ready for a trip to the pumps. But I did drive past gas stations this weekend and the going price around here for 87 gas is $4.999/gallon. That has made me more cautious about unnecessary drive-time.
I’m just a dummy watching things happen in the world, but if I were bringing domestic fuel to the US market at $5-ish/gallon and had the option to sell some of my fuel to Europe at $8-10/gallon, then some of my sales might go to Europe. By having a domestic source of oil, as well as nearby sources (Canada, Venezuela), we are better off than the Euros (or the Chinese or the Japanese or the Aussies), but that does not mean that we are completely insulated from the effects of the closure of the Strait of Hormuz.
I shudder to think where we might be now, and where we might be headed, had Harris won. She was always a light-weight…maybe more so than Biden. Biden at least had his dementia to excuse his failures.
Ya know, both you guys said the same thing at the end. About Harris, and I don’t buy into that past comparison nonsence. You don’t get to reach back into the past and use it as a potential cudgel to justify errant behavior in the present.
That gd Trump made promises before the election and he’s basically thrown them under the truck. No, that “politicians always lie” screed doesn’t get it and never has.
If the dood would just come clean, with the bigger picture that he is drawing (transparency anyone) maybe, just maybe, I’d cut him a little slack.
Meanwhile, that inflation clock is soaring, prices on everything are going through the roof, and us little people do not have the convenience of a billion dollar bank roll nor the buffer of a cushy gov’t job.
WE HAVE TO MAKE IT WORK WITH WHAT WE GOT. And what we got is less and less each day.
Trump could change this dynamic TODAY but he just DGAF.
Harris?
In the words of Jim Morrison when told they’d never play again on the Ed Sullivan Show: “We already did that.”
Gas prices go high quickly because the price you pay today is based on the cost of replacing the gas you just pumped into your tank. You pay for tomorrow’s gas today. Crude oil is an integrated worldwide market. Every barrel is bid for. Most of those barrels are tied up in long-term contracts. The spot market is where everybody makes their profits. When a tanker pulls out of the oil terminal, most of the crude is on long-term contracts. But the last 10-20% is on the spot market. Every country, every oil company, has a trading room, and everybody is looking to secure the oil they think they’ll need next week, next month, next 6 months. Countries like Oz and China and Commiefornia that are suddenly short of replacement crude due to the Hormuz bottleneck, are willing to bid up the price to keep the supplies flowing. That regime will hold until the bid price rises high enough that demand destruction occurs.
I definitely got tired of these a-holes with their endless “Death to America” acting out. I guess we’re paying for it now, to hopefully prevent having to also pay later.
If the gov’t is in control of the fuel the price will never down to a reasonable amount. That’s just the way it is in an advancing tyranny.
My wife and I are fortunate to have created a lifestyle where we do not have to drive very much. We drive so little that we both have small chargers in our vehicles and we connect a cord to an outlet in the garage every time we come back from somewhere. So yeah, there are 2 orange snakes in our driveway all the time. Vehicle batteries go dead in as little as a week if not driven.
I’m doing quite well with my oil/gas stocks. Return to the 70s. My question was more rhetorical in nature. There are no “American” (or “foreign”) companies anymore; just some headquartered here, some headquartered there. If a company isn’t international in outlook, it isn’t a significant player. A billion dollar company is small potatoes these days. The largest market cap is Nvidia which alone is neck and neck with Germany’s GDP and Germany ranks #3 behind US and China. The next 5 largest companies are US based: Google, Apple, Microsoft, and Amazon are each worth close to $3trillion or more; 8 of the top 10 are US based. We are a globalist world, like it or not.