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It Is About To Get Worse. Much Worse.

This news just flashed across the interwebz….

Oil prices surged to a 13-year high on Sunday as U.S. officials signaled an openness to a ban on Russian oil imports amid Putin’s invasion of Ukraine. 

West Texas Intermediate Crude, the U.S. benchmark, rose 9.5% to $126.64 a barrel as of 7:00 PM on Sunday evening. Brent Crude, the international benchmark, shot up 12% to $130.98 a barrel. 

WTI hit an all-time high of $147.27 and Brent hit $147.50 in July 2008. 
Oof. How is that buggy whip business looking?

6 Comments

  1. Anonymous

    Not meaning to brag or anything, but it was $3.49 a gallon in San Antonio this afternoon, just around lunchtime. Two Brothers BBQ…mmmmm. Lord knows what it cost by dinnertime.

  2. JackDup

    Biden gave the green light for Poland to give Ukraine 28 Mig Fighter Jets and we will in return give Poland 28 F-16 Fighter Jets at 15 million a pop. Biden is trying to bait Putin into bombing Poland now and if that happens, we will be at war with Russia very soon.

  3. Xzebek

    That is entirely possible about Poland.
    With apologies to Rear Admiral Joshua Painter, "This business will get out of control. It'll get out of control and we'll be lucky to live through it".

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