The facts
Brent crude pushed back through $100 a barrel this week as the U.S.-Iran war heated up again.
The New York Times reported on September 9 that Brent reached $100 for the first time since July, nearly 40 percent higher than on the eve of the war, now in its seventh month. Iran has used force to keep most ships from the Strait of Hormuz, which carried about a fifth of the world’s oil before the war.
Reuters said the United States sank five Iranian oil tankers and Iran said it had attacked 10 ships near Hormuz. Dated Brent had been above $100 since September 3, Reuters said, citing LSEG. On Thursday afternoon CNN had Brent at $107.40 and U.S. crude at $102.
Our take
There is a speech in Dallas about cheap energy and a dividend if you vote right. There is also a hole in the map called Hormuz, and people have been firing at the boats that go through it. One of these things sets the price of diesel. Guess which, retard.
A barrel over a hundred is a tax on everyone who drives to work, ships a pallet, or likes their food to arrive. You can argue about who started the shooting. The pump does not take a side. It just goes up.
Month seven of a war sitting on a fifth of the world’s oil, and we are back at the number that makes politicians sweat. Psychological my ass. That is your grocery ticket with a missile attached.
