Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

GreatGazoo

(4,549 posts)

6. The higher the price goes the more supply that comes online

Reply to gab13by13 (Original post)

Fri Mar 6, 2026, 01:17 PM

Yesterday

Lots of oil is too dirty to be pumped at lower prices (below $60) but once the price hits $80 you get Tar Sands, Venezuelan, Brent, all of that. Venezuela has massive capacity. 20% of the world supply which by strange coincidence is the exact amount that usually ships through Hormuz. Timing of the Maduro abduction looks suspect in hindsight.

Likely they will end sanctions on Russian oil if the price stays up.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

6 replies

= new reply since forum marked as read

Highlight:

Crude Oil At $90/barrel, Is It Headed To $150/barrel [View all] gab13by13 Yesterday OP

Are wind and solar going up also? Srkdqltr Yesterday #1

When oil goes up, everything tends to go up AZJonnie Yesterday #3

Energy generated from renewables is only marginally dependent on the price of oil VMA131Marine Yesterday #4

The question was unclear as to whether it referred to energy production or hardware/installation AZJonnie Yesterday #5

and spring break just started onethatcares Yesterday #2

The higher the price goes the more supply that comes online GreatGazoo Yesterday #6