FIXTURESNo upcoming fixtures — check back soon.
FORUM / MIKES GRIPES /  Oil Prices: $62.54 to $108.78

Oil Prices: $62.54 to $108.78

Started by sharkbok147 REPLIES1,765 VIEWS· 19 Mar 2026, 11:34
SHAREXFACEBOOKWHATSAPPTELEGRAMREDDITLINKEDIN
MO
Mozart
Captain49,914 posts
26 Mar 2026, 15:56#41

Were you even aware of those numbers? Be honest now. Did you know inflation was already at 8.5% before any Ukraine effects could have worked through the system?


You do realise we had a very long winded discussion before on this...where you ended essentially ending coming around to my position, that at most Biden was responsible for about 3 points of inflation and that it was wrong for people to assign most of the inflation to him. P



Again were you even aware of the fact that inflation was 8.5% before the war could have had any effect? Your counter argument that there was anticipatory buying is nonsense.


Putin’s invasion caught most of the corporate world by surprise and America was not stocking up on goods. Oil was increasing steadily throughout 2021 well before any invasion was a concern.


Nope, your argument that Ukraine had a significant effect on US inflation is blown out of the water by the fact that inflation was within 0.5% of its peak before the war started. Nonsense you just can’t abandon because you have never been able to admit you are wrong.

PL
Plum
Captain21,007 posts
26 Mar 2026, 16:50#42

Well, Moz, had the rock not been thrown at the car after it crashed, would the car have crashed in the first place?


To answer yes to that question surely means you're a Nazi because future rocks can affect the past and anyone who doesn't believe that suffers from rockophobia.


I can tolerate many things but rockophobia is where I draw the line.

MO
Mozart
Captain49,914 posts
26 Mar 2026, 17:09#43

The anticipation of rock possibly being thrown is the thing Plum, those clairvoyant shoppers in Little Rock sensing Putin’s intent.

PL
Plum
Captain21,007 posts
26 Mar 2026, 17:52#44

Who knew the general population were such wonderfully gifted analysts and could so efficiently combine it with their telepathic skills?

PL
Plum
Captain21,007 posts
26 Mar 2026, 18:06#45

"You argue like 1.5% is established fact. You're just cherry picking the a data point that suits you. It ain't, there is a whole range of estimates, some go as high as 3-4.5 points."


...from 8.5% down to 5%...is 3.5%, just under half of the difference.


Guess when US inflation was at 5%?


In May of 2021. What's that, 8 months before the war?


I'm starting to believe that Mystic Meg wasn't bullshitting all these years after all.



MP
Mpower
Pro5,061 posts
26 Mar 2026, 23:21#46

"At the end of the third week of March, data from the Central Energy Fund indicated that petrol prices would go up by R4.94 per litre in April.


However, BizNews’s Alec Hogg is now warning that motorists are facing a R6 per litre increase in April with an additional R3 per litre hike potentially on the cards for May.


The average under-recovery at the moment is R5.62 a litre. Then you add to that the fuel price levy, so you’re going to talk about, as things stand, around R6 a litre,” he said."


Hip Hip hooray to the pro-Trump supporters.


The oil companies, big corporations and last but not least, the defence contractors are making a killing, and you just fall for it like a bunch of losers.


Higher fuel prices mean food costs go up, transport goes up, and shortages start affecting everyone. Maybe next to come : Mandatory food and fuel rationing...


This is a snowball effect. The ordinary people pay for it all, while politicians and presidents line their pockets.


This war? It’s scripted. Netanyahu and his puppet the Oros man are doing this for there own benefits...


Oh the regime is bad, save the people, blah blah blah...meanwhile innocents are dying like flies.


This kinda reminds me exactly of the COVID-19 period. Possible restrictions, rationing, higher prices, maybe locksdowns again...the great reset?? There's a snake in the grass.


MO
Mozart
Captain49,914 posts
27 Mar 2026, 00:06#47

Freedom rankings by country…..China (149), Russia (152), Venezuela (159), and Iran (164).

DB
DbDraad
Captain26,388 posts
27 Mar 2026, 01:00#48

In Trump's 1st term Brent was between $40 and $50 a barrel....bad policies lead to it being between $70 and $90 under Biden...in the short term it will be higher, but as soon as Iran is sorted, it will drop to about $50...stop the hysteria already...rather blame the useless ANC for the high fuel prices in SA...the USA's prices are also market related and it's almost half of what SAns pay ...the fuel price levy isn't even half of the difference..

MP
Mpower
Pro5,061 posts
27 Mar 2026, 03:24#49

Great DB, yes, the ANC is a bloody fuck-up…we all know that. But it doesn’t change the fact that Oros Man is making it worse.


Another lie from your hero is that he’s supposed to improve things in SA, and he has done nothing of the sort!


I have to drive a lot for work and that extra R6 per litre, will had up and give me a "snot" klap.

You telling me that is not going to effect you negatively??


Fuck him!


The bloody liar only wants to change BEE for American companies. He has done nothing about our Farm murders. What good has this fool done for anybody??

DB
DbDraad
Captain26,388 posts
27 Mar 2026, 05:33#50

Lots... he's open the doors to America for those minorities in South Africa who've had enough of ANC oppression and corruption..and he's putting lot's of pressure on the ANC...no other world leader has dared to do that since Apartheid ended...he had the balls to do that despite the political capital it cost him..that alone is enough for me...but there are a lot more positives ... you'll see the effects in a few months...stop staring at the personality...Maduro gone, Iran leadership in tatters...army and fleet destroyed...soon...

DA
Devil's Advocate
Pro7,008 posts
27 Mar 2026, 07:57#51

Correct Db

Some cannot see the wood for the trees

PL
Plum
Captain21,007 posts
27 Mar 2026, 08:13#52

"The bloody liar only wants to change BEE for American companies. He has done nothing about our Farm murders. What good has this fool done for anybody??"


This is the equivalent of giving a homeless person some money and then they insult you for not funding their dental plan.


Its not his responsibility to fix our problems, M.


Rather, be grateful for any support we get than deride the guy for not solving all our problems.


Cyril has been banned from G7. That is that is thanks to Trump. The ANC are being put under huge pressure and being made a fool of on the world stage, eroding their credibility. Farm murders are now more know to the rest of the world than they were before. Trump has created the refugee program for ethnic minorities in SA.


Saying "fuck him" seems a little strange.


Tell me, what could he do about South Africa that would make you happy?


He can't bomb the place because you don't like that. Defos no boots on the ground.


Sanctions perhaps? Then we all suffer while the ANC carries on.


What's your solution? What can Orange Man do for you?




PL
Plum
Captain21,007 posts
27 Mar 2026, 08:13#53

"The bloody liar only wants to change BEE for American companies. He has done nothing about our Farm murders. What good has this fool done for anybody??"


This is the equivalent of giving a homeless person some money and then they insult you for not finding their dental plan.


Its not his responsibility to fix our problems, M.


Rather, be grateful for any support we get than deride the guy for not solving all our problems.


Cyril has been banned from G7. That is that is thabks to Trump. the ANC are being put under huge pressure and being a made a fool of in the world stage, eroding their credibility. Farm murders are now more know to the rest of the world than they were before. Trump had created the refugee program for ethnic minorities in SA.


Saying "fuck him" seems a little strange.


Tell me, what could he do about South Africa that would make you happy?


He can't bomb the place because you don't like that. Defos no boots on the ground.


Sanctions perhaps? Then we all suffer while the ANC carries on.


What's your solution? What can Orange Man do for you?




BO
bobbok...
Captain10,129 posts
27 Mar 2026, 08:55#54

ome cannot see the wood for the trees


look down the rabbit-holes

DA
Devil's Advocate
Pro7,008 posts
27 Mar 2026, 11:06#55

Its not his responsibility to fix our problems, M.

Never has been ..... and never should be ..... we are entirely self sufficent, with all the necessary skills in all the the right areas..... if this government just allowed us to be.

You telling me that is not going to effect you negatively??

Fuck him!

Yeah Fuck him ... Fuck Trump and everything he stands for...... Fuck him

But hold on..... let's also say a big fuck you to the estimated minimum $35 billion to $50 billion that Trump and his administration has contributed towards Africa throughout his two terms so far.....with another few years to go ..... but Fuck him anyway.

The USA owe us fuck all...... and I mean absolutely fuck all ..... nothing.... nada ..... zlitch.....yet look at what this Trump administration has done, and also what all the other previous Obama, Biden, Bush administrations have done for Africa as a whole, and South Africa in particular....

And no, I don't believe that this means that you must side with Trump or the USA on everything.... very far from it.....but talk about biting the hand that feeds you....

For fucks sake......a little gratitude would go a long way

PL
Plum
Captain21,007 posts
27 Mar 2026, 12:23#56

Some more oil fun since i see the price is moving today...


Scenarios 1 & 2 = the most likely in that order and would keep us in the trading range. I think when it hits those zones there will be heavy selling.


Scenario 3 = the least likely and bounce off of previous resistance would be the most bullish case, as shown. I'd still short $120 though.


I'm still thinking we'll stay in the trading range and probably come back down to $90-100 again...LOL and buy when Trump next spins up some more positive news.



MP
Mpower
Pro5,061 posts
27 Mar 2026, 13:28#57

I never said anyone must fix South Africa, so stop putting words in my mouth. I’m talking about real impact, like petrol price and cost of living. That’s my point. Stick to the subject.


And DB you still haven’t answered: So the R6 per liter increase is not going to effect you negatively??


This whole “be grateful” nonsense… DA go jump in a lake, and Cool down.Take that attitude somewhere else.


You throw around these millions and billions like it means something to me. That’s a blanket number for Africa over bloody years, not South Africa right now, and none of that money is helping me.


So why must I be grateful? For what exactly? You be grateful then. I don’t care. Fuck the Oros Man!! He is a self serving, narcissistic ego maniac...end of story!


You guys keep saying there’s “pressure” on the ANC. Where? Show me the result. Because on the ground, nothing has changed. Costs are up, petrol is up, and life is getting harder. So don’t tell me about pressure if there’s no outcome.


The Oros Man makes big, broad promises. He does that in the USA and globally. But most of his promises are vague or never followed through in any measurable way.


There’s a clear credibility gap. You can’t point to real results, only talk. And the reason for that is simple. This isn’t about helping South Africa or globally. It’s about US domestic politics, appealing to certain voters, and pushing his own image.


Countries act in their own interests, not because anyone here asked them to. A lot of this is just signalling, saying things for effect without real outcomes. So again, where is the actual impact here??


Then DB this refugee programme story. You make it sound like thousands are lining up and leaving. That’s not true. It’s limited, selective, and not easy to get into.


Some reports even say people are coming back to SA. So stop exaggerating it like it’s some big success. It doesn’t affect most people here anyway.


And news flash: nothing that Netanyahu and his puppet, the Oros man, are doing in this war is beneficial to Iran, its people, or the world. That’s a fact.


My point is simple. Promises were made about improving things. I’m not seeing it. Not in my pocket, not in my daily life. Instead, I’m paying more.


So don’t come here with future promises, global headlines, or historical aid. Show me one real thing, right now, that has made life cheaper or better here.


Or show us the positives of this war right now, not in months times. The longer this fucking war goes on the worse it will get.


You can’t.


That’s why I say what I say.

DB
DbDraad
Captain26,388 posts
27 Mar 2026, 13:44#58

"Then DB this refugee programme story. You make it sound like thousands are lining up and leaving. That’s not true. It’s limited, selective, and not easy to get into.


Some reports even say people are coming back to SA. So stop exaggerating it like it’s some big success. It doesn’t affect most people here anyway."


They say 4500 to 7000 a month...and it's open to everyone who can articulate the fear a future persecution.... I'm not aware of anyone being refused unless they committed serious crimes in the past... don't fall for the BS propaganda about people coming back... it's expats who've been abroad for years, claiming their citizenship back after the law that made them lose it was overturned in the constitutional court recently ...


The fuel hike will be temporary, but there don't have to be one...the ANC gets the oil cheap from their Iranian buddies, yet charge us the same as if it was market price...


DA
Devil's Advocate
Pro7,008 posts
27 Mar 2026, 14:48#59

I never said anyone must fix South Africa, so stop putting words in my mouth. I’m talking about real impact, like petrol price and cost of living. That’s my point. Stick to the subject.

I did stick to the subject, when you said Trump must Fuck off.......

Have you even once contemplated what would really happen to your day to day costs..... if Trump literally "Fucked Off" and left us to our own devices, with zero financial aid at all...... wake up man.

You throw around these millions and billions like it means something to me.

Lol

It really should mean something to you M, unless you want increased taxes or inflated consumer prices to help cover all the financial aid and assistance that we won't receive from around the world by telling people like Trump to Fuck off... where the hell do you think the government would get that lost aid from in the long term...... you and me..

You throw around these millions and billions like it means something to me. That’s a blanket number for Africa over bloody years, not South Africa right now, and none of that money is helping me.

This is ignorance personified

So why must I be grateful? For what exactly? You be grateful then. I don’t care. Fuck the Oros Man!! He is a self serving, narcissistic ego maniac...end of story!

Yeah.... Fuck him

You can’t point to real results, only talk. And the reason for that is simple. This isn’t about helping South Africa or globall

This is mental

My point is simple. Promises were made about improving things. I’m not seeing it. Not in my pocket, not in my daily life. Instead, I’m paying more

Yeah, and you would possible pay a shit load more without the aid that comes from Trump and the rest of the US .....but nah..... Fuck them anyway.... whilst we still take from them every day to keep millions of people in this country alive.

So don’t come here with future promises, global headlines, or historical aid. Show me one real thing, right now, that has made life cheaper or better here.

Historical aid my ass....... current aid more like it, even if it was reduced.


RO
Rooinek
Captain18,117 posts
27 Mar 2026, 15:29#60

"Have you even once contemplated what would really happen to your day to day costs..... if Trump literally "Fucked Off" and left us to our own devices . . ."


I think every person on the planet would be better off.

← PREV3 / 8NEXT →

More from Mikes Gripes