What happens when oil prices reach $150 a barrel?

[malaise]

The apprentice is an effin clown

[bucolic_frolic]

1. A headline yesterday mentioned $200 a barrel

This is 1973 all over again

[Renew Deal]

2. Riots, gas lines

Rations, fun

[Kaleva]

11. Less then 10% of the oil the US imports comes from the ME

Prices will go up but very doubtful that there will be shortages.

[Renew Deal]

12. I was thinking globally

And those global impacts have already started if you look at Bangladesh, Thailand, Pakistan, India, and others.

[Diamond_Dog]

3. He insisted yesterday that high oil prices are good because "we" make a lot of money!

It’s your patriotic duty, Little People!

What a jackass.

[Dave says]

9. Tariffs make a lot of money

Of course, a lot of that money is made by ripping off the “little people”. They have no choice but to fill their car gas tanks to get to work, go to the store to buy groceries (a rare, new word according to T), drive the kiddies to school.

I guess that leaves less money for rent, healthcare, food, and other essentials for little people’s lives.

On edit: forgot to say that this means a steep recession is on its way.

[WSHazel]

4. Elections have consequences

Trump voters and Stein supporters should think about that next time.

[Mister Ed]

5. Most of them will blame Biden and Democrats.

I wish I were kidding. But I'm not.

[NCDem47]

6. My prediction

Bad market days and spiking oil, Trump comes out and says “all good, we’re winding down.” Maybe markets calm a bit. Everyone’s sees the reality and the markets return. Rinse , repeat with Trump. Eventually though, it’s TOTALLY going to get away from him and the markets will break away no matter WHAT HE SAYS.

[Midnight Writer]

7. Trump will get a billion-dollar bonus from the oil companies.

[Justice matters.]

8. And the drivers will pay it.

[womanofthehills]

10. Food prices will be insane

And they are already high.