On the primary market, crude oil is now going for down to $55/barrel (€47 or 44 CHF). Russian crude costs a mere $40/barrel.
Priced in gold (as an inflation-adjustment), oil has never been cheaper, except during a quick spike at the beginning of the COVID Era. Natural gas also trending steadily down, both in absolute and real terms.
This is the signal.
Climatescam on hold 🤡
The US needs to expand oil and gas operations to further lower prices to stifle competitors and assist Europe.
I hadn't thought of that, but Russia breaks-even at $40. Well, it was breaking even at $40, before the refineries got hit. Now, it's more like $70.
I guess the Americans can also start dumping discounted Venezuelan crude on the market.
That may help pay the costs of toppling the socialist Maduro.
The trade-dislocations brought by COVID lockdowns seem to be smoothed out. Inventories restocked. Migration discouraged. Populations aging.
We're heading back to deflation and ZIRP. Hence the Bitcoin price and Trump wanting a new Fed chair with a happier printer.
Germany taking on a record-breaking sovereign loan didn't even make a dent, by the way. I can't even imagine how much money would be needed to reinflate and escape the debt trap.
bummer that we won't see lower end consumer prices (especially for natural gas) because of emission allowances
We have the end of the "Gasspeicherumlage" tax in Germany, from 01.01.2026, the "Netzentgelte" might also fall away, and crude prices very low, so many people might actually see a drop in price.
Don't forget that CO₂ certificate prices are absolute numbers, so if they add €30, but the price falls by €40, then you have a €10 decrease.
Been showing people the pricedingold.com website for a while and can't get my head around this not registering. Houses in uk probably cheapest since the 50s. I think most don't like to admit they get paid in toilet paper with images and numbers
Gas is $2.50/gallon here in the midwest US. Lowest in many years, and I’m in a higher priced/taxed ‘blue’ state
Diesel prices recently shot up, with gasoline trailing upward in my area lately. Id have to check as it might be due to rolling out #2 diesel for winter months up north, although I don't remember that being the case. (I thankfully don't need to daily drive a diesel vehicle anymore)
It would be nice to see natural gas prices fall in the US, the price/cu. in. doubled from 23-24 and again from 24-25 in my area. Maybe we could afford bring the house temp above 62 without going bankrupt XD
Must be a refinery issue.
