Watchman: A Time Is Coming When a Barrel of Oil Will Cost More Than $175 Per Barrel, Which Means That a Gallon of Gas Will Cost $12. Thanks to President Obama and Vice President Biden. This Is Hell on Earth: Tribulation Full Throttle

HNewsWire: by Tyler Durden ZeroHedge Oil prices extended losses overnight from yesterday afternoon, but bounced back into the green this morning after WTI found support at $89 after Goldman upgraded its forecast. “The impressive run-up in crude oil prices had to come to a temporary halt and today’s Fed decision on interest rates provides the perfect excuse to bank some money,” PVM Oil Associates Ltd. analyst Tamas Varga wrote in a note. After last week’s big product builds, all eyes will be on any signs of demand-destruction. But, more ominously, the decline in Cushing stocks is top of mind for many… API Crude -5.25mm (-1.00mm exp) Cushing -2.56mm Gasoline +732k (+500k exp) Distillates -258k (-200k exp) DOE Crude -2.14mm (-1.00mm exp) Cushing -2.06mm Gasoline -831k (+500k exp) Distillates -2.87mm (-200k exp) – biggest draw since May The official data showed inventory draws…

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An Executive in the Oil Industry Has Issued a Warning That the Next Couple of Weeks Will Bring Another “Major” Crisis

HNewsWire: Satan Soldiers, Bidenhood and his greedy cronies have stolen half of the SPR for personal benefit. To believe otherwise is just ignorant! The Biden Administration and its Shadow Government are purposefully lowering the SPR to make us susceptible to oil supply disruptions from Saudi Arabia, Russia, and Venezuela in the approaching winter months. A orchestrated interruption of foreign energy by these US adversaries will put the US economy to a standstill. Because we won’t have enough gasoline to transport combat supplies to Ukraine, Russia will be able to continue its assaults. NEVER FORGET that when Biden’s Socialist Regime and Shadow Government took control, we were independent of foreign energy and exporting oil and natural gas. If the Biden administration is compelled to resume American oil and gas production during a national emergency, the best guess is that it will…

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Everything, “I Don’t Care if It’s Oil or Gas or Coal or Copper or Aluminum; You Name It We’re Out of It.” Tribulation In Play

This week, the price of edible oil rose, raising concerns about the possibility of food costs reaching new highs. Commodities used in hundreds of food goods, such as soybean oil, saw their highest levels since 2008 on Wednesday. To the highest level since 2008, soybean prices rose by 1.4% to 71 cents per pound. Both US canola futures and Malaysian palm oil reached fresh all-time highs this week, with the former reaching $1,434 a metric ton. Drought has harmed this season’s soybean harvests in South America. Palm and canola, their rival oil-seeds, have also been hit hard by poor weather and a lack of workers. Sunflower oil supplies from Russia and Ukraine might be jeopardized due to rising political tensions, according to Bloomberg. According to CGS-CIMB Securities’ regional head of plantation research, Ivy Ng: Supply-side difficulties “impact all the primary…

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