(06-11-2026 10:35 AM)Eagleaidaholic Wrote:  

(06-11-2026 10:08 AM)mlb Wrote:  Glad the tax breaks have brought the cost down... but I keep seeing articles that the oil and gas industry are warning that there is going to be a jump in the next month because inventories are dropping. Fingers crossed we don't get to that point, especially before I take my trip to the beach next month.

Those articles have been written since March. The Pascagoula Chevron refinery is at max capacity with the influx of Venezuelan oil coming in. US and Venezuelan production is only increasing. You can't listen to the guys that get huge bonuses when oil prices shoot through the roof. They WANT that to happen. Also, a lot more oil is moving through the Strait of Hormuz than these websites that "monitor" ship traffic, because the ships turn off their transponders. There is a reason oil is trading around $90/bbl now.

Mostly from the traders, not O&G execs. They sounded the alarm about a week ago. So unless the SOH opens back up to pre-war, excursion, levels very shortly we can expect huge jumps by mid-July.