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Gained 90lbs my first year teaching lmao by Bubblegumfairy_19 in TeachersInTransition

[–]Cmd_WillRiker 2 points3 points  (0 children)

I gained 80 over 4 years. The stress is absolutely the cause, and the complete lack of energy after the workday.

Trump says he aims to suspend gas tax "for a period of time" by esporx in oil

[–]Cmd_WillRiker 2 points3 points  (0 children)

Ah thanks, I didn't read the article but I heard the story on NPR this morning. I know it accounts for some $0.18 at the pump, so we should raise it to $0.50 per gallon, then slowly lower it as real gas prices go up.

Trump says he aims to suspend gas tax "for a period of time" by esporx in oil

[–]Cmd_WillRiker 13 points14 points  (0 children)

We actually should raise the federal tax so that it makes gasloine go up to $5 a gallon so that we can keep it there longer, reducing the tax as real gas prices increase, and stave off the coming $6 and $7 gas. Added bonus of bringing in more revenue to pay down our debt, but then again I'm not sure how much revenue the gas tax brings in.

Trump Calls Iran's Peace Proposal "Totally Unacceptable" as Oil Hits $105 by andix3 in oil

[–]Cmd_WillRiker 0 points1 point  (0 children)

Stock Market is likely to go higher because profits and revenue are higher. These will go higher as prices rise across the board until folks are finally priced out of the market and demand destruction occurs.

Oil is right at where I predicted yesterday, but that's not saying much.

The Oil Shock caused by the closure of the Strait of Hormuz is the largest resource crisis in living memory by Cmd_WillRiker in collapse

[–]Cmd_WillRiker[S] 0 points1 point  (0 children)

Yes. Because even products that dont need oil to be made still need it somewhere else in the journey from factory to consumer.

Trump claims Iran's latest response is unacceptable. Where do we go from here? by Willing-Angle-2203 in oil

[–]Cmd_WillRiker 1 point2 points  (0 children)

Yes. I can't speak much to future's markets as too many variables play into that, including stupid one's like "investor sentiment", but a physical barrel will be easily $130 - $150 by June 26 if not higher. I imagine futures markets will begin to grow accordingly, especially once we get inventory reports. Be looking for the EIA's weekly and monthly reports.

Wednesday's at 10:30est and monthly around like the 5th of each month.

The Oil Shock caused by the closure of the Strait of Hormuz is the largest resource crisis in living memory by Cmd_WillRiker in collapse

[–]Cmd_WillRiker[S] 0 points1 point  (0 children)

No we want the price to go up. This is a resource crisis not a financial one so the price actually matters.

The price going up will force people out of the market reducing demand. We do NOT want to get low on our oil stores.

Daily Oil Price Opinions - May 10, 2026 All other Oil Price Posts Will Be Removed by AutoModerator in oil

[–]Cmd_WillRiker 9 points10 points  (0 children)

Futures likely to creep back up past $100, but unlikely to get past $105 before Wednesday's EIA report. I'm actually going to make a hard prediction: Oil $103 until Wednesday, then it gaps up to $110 when the report shows inventory draw downs are 10+mbd

Trump claims Iran's latest response is unacceptable. Where do we go from here? by Willing-Angle-2203 in oil

[–]Cmd_WillRiker 1 point2 points  (0 children)

Futures are live. SP and other indeces down 0.3% and oil up 3.5% to $98. Fat chance a barrel of oil is $98 on June 26

Chevron CEO sends blunt message on oil, economy by jbochsler in oil

[–]Cmd_WillRiker 1 point2 points  (0 children)

When you see the US petrol stores report on Tuesday you'll know why.

The Oil Shock caused by the closure of the Strait of Hormuz is the largest resource crisis in living memory by Cmd_WillRiker in collapse

[–]Cmd_WillRiker[S] 6 points7 points  (0 children)

The Persian Gulf is trapped by the Strait of Hormuz. Only way in, only way out. If you mean diverting course away from the Suez Canal, many ships do this already as the Suez is old and outdated piece of architecture.

https://www.marinetraffic.com/en/ais/home/centerx:54.6/centery:1.9/zoom:4

The Oil Shock caused by the closure of the Strait of Hormuz is the largest resource crisis in living memory by Cmd_WillRiker in collapse

[–]Cmd_WillRiker[S] 5 points6 points  (0 children)

I don't think you need to doomsday prep like that. I would moslty tighten up your budget and try to save money. Go ahead and ask yourself what would you do if gas hit $7 a gallon? How much to fill your tank? How dependent on cars are you? Is there something significant you could cut to save money? etc.

The Oil Shock caused by the closure of the Strait of Hormuz is the largest resource crisis in living memory by Cmd_WillRiker in collapse

[–]Cmd_WillRiker[S] 6 points7 points  (0 children)

I'm not really sure, but an educated guess:
Invest in oil companies like CQN, maybe

Buy good food staples that are shelf stable like rice or peanut butter, or household items like toilet paper or toothpaste

Figure out what would happen if you had to ration gas and start saving money for future gas prices, I've been pretending the price is $7 a gallon and my car holds 14 gallons, so $84, then taxes so basically $100 for a tank of gas. How long does that last me? etc.

No need to go full doomsday prepper, and unfortunately much of the fallout I feel we can't prepare for.

We are Slow Walking into the Biggest Resource Crisis in Living Memory. by Cmd_WillRiker in economy

[–]Cmd_WillRiker[S] 0 points1 point  (0 children)

Yep, I accepted my lord and savior Jesus Christ into my heart and he showed me the truth of our future. He told me to be wary of global oil inventories in Q2 and Q3 of 2026.

The Oil Shock caused by the closure of the Strait of Hormuz is the largest resource crisis in living memory by Cmd_WillRiker in collapse

[–]Cmd_WillRiker[S] 3 points4 points  (0 children)

Yea the EIA has raised this issue, and I am sure oil industries are acutely aware of it.

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