Screwball

I would have to dig, but I have a stock certificate from the early 1900s of some energy company in West Virginia. Might have been coal. I searched and couldn't find anything. You never know... Like I said up-thread, there were small pumps around here. Only needed maybe 500 sq/ft. close to the road. The farmer loved it too. I thought they smelled neat.

Not at all. It probably depends on who you (or anyone) follow and believe. Then again, who DO you believe? Like my point above, all this on headlines? Things are fixed? What to believe? I don't know. Wish I did. We are not alone. From WolfStreet: Crude Oil WTI Plunged by 24%, Back Below $88, from $116 Overnight. Gasoline Futures -16%. Manic Speculation Unwinds by Wolf Richter • Mar 9, 2026 • 8 Comments The Futures Market is where the Imbeciles go nuts. I was hoping he had something about where all this might go from here, but he doesn't unless I missed it. But his point is valid.

I would be curious of what Mbps you get.

The popular ETFs are for the most part pretty good if you are an active trader. Stay away from the levered ones. I read a thing the other day when crude was up big, the levered ETF was getting about 60% return on the price of crude itself (we can't buy crude). Another way those things **** you over along with overnight re-balancing. Any ETF will have shrinkage. But so does everything else. We are up against the pigmen of wall street who live for separating us from our money, and are very good at doing so.

What a wild day (and night). This is not how a normal market should trade. Moves like this are nuts. Some made a killing, some went broke. Imagine the margin calls. The retail guys holding levered crude ETFs probably have a gun to their head. Did headlines move the markets this much, or did we un-blow up ****?

G7 to take 'necessary measures' to support energy supplies - BBC This has calmed the oil markets. We'll see how long it lasts. WTI back down to $92 and change.

Blowing **** up doesn't help. It reminds me of John McCain singing bomb bomb Iran. Be careful of what you wish for. Go back to the PNAC people, and their imperialist view of the world. This is nothing new. It's about oil, minerals, money, and greed, but I repeat myself. Elastic has nothing to do with ****.

No chart porn, but this is wild. Crude futures over $118 at 10:30ish.

I wonder where they came up with the 42 as the standard for a barrel? Not counting the barrel we're talking 300 lbs. Two guys could pick that up. Now there are billions of barrels traded. Kinda wild when you think about it. I can't remember a time when the price of crude, no matter WTI or Brent, that it didn't hit our pumps.

No. This is not the same, this time it IS different... The "Market" is no reflection of what we the people are dealing with. The 1%ers will continue to do what they do. We will pay the price. As usual. Rising inflation punishes the people who can least afford it the most, and it's not even their fault. The economy is already too fragile and unable to absorb this oil and supply chain shock. This could get really ugly. 2008 - July - crude $147. March 2009 S&P 500 at 666, from 1552 not long before. That was a riot. Chart porn below. Notice the two peaks around that level, the first hump goes back to the dot-com bubble in 2000ish. Then notice how it looks since - up and to the right - NASA would be proud. The pigmen of Wall Street along along with the Fed, and the puppets in DC, have blown the biggest bubble known to mankind. We are 39 trillion in debt. Debt is money. Paul Krugman told us so. The problem with bubbles is there is eventually a pin. We might have just found one - like a bar room steel tipped dart thrown at the most efficient energy source (at this point anyway) we have on the planet. Brilliant... Buckle up kids, this could be a bitch. And don't forget where your food comes from.

The only question left is how bad?

I made sure I could watch the oil futures open at 6 tonight. I didn't know how spectacular it might be. 🙂 I wasn't disappointed. WTI futures closed Friday at around 91/92. Once the bell went off at 6, it spiked and eventually hit 111.24 at 6:09 pm Has now settled in a range. You have to go back to late 22 into 23 to see prices this high. The green bubble on the right was the price when I took the screenshot. What a move over the last week or so. The grey bubble at the bottom 54.98 is from Dec 16, 2025. What a rip in less than 4 months. The pigmen of Wall Street are laughing.

And the oil markets aren't open.

We are not going to engineer or bull**** our way out of energy deficiencies. When it becomes too expensive we have demand destruction. Which is related to efficiency, waste, and how they relate to each other.