Oil price is waaay down things will quickly change.
Car prices to rise due to tariffs and certain vehicles possibly ...
- Thread starter odie
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Somewhere around $60 per barrel, the small oil producers of the US start to lose money and fold. These small producers produce half of US oil. The same thing happened in 2018 (see The Great Oil Crash of 2018) when someone convinced the OPEC nations to suddenly flood the market in exchange for sanctions on another competitor oil producing country. Part of the reason gas prices when up over the past few years was when demand returned post-CV, these small oil companies were out of business and we were unable to meet the demand of the economy opening back up. So while oil being "way down" sounds great, there are specific market nuances that are being ignored that will ultimately hurt the objective of ultra low gas prices.
Remember, oil companies don't make money selling you cheap gas and there is a price per barrel under which they lose money.
4WD
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Or maybe it’s not about what you think …
Of course some here can’t think past the next opening bell …
Check this out. IMO this is the result of market manipulation by computerized trading. Lots of complex algorithms to game the system.
Scott
https://wolfstreet.com/2025/04/02/a...aight-into-our-imploded-stocks-all-in-3-days/
4WD
$50 site donor 2025
Wall Street Casino is the best name ever !
4WD
$50 site donor 2025
I’ll check it out - hope it’s on my United flight on the 17th …
Everybody loses. The working man and lower income far more.
I would not use the term "mind boggling"; it is far more dangerous than that.
When you don't have much, you don't have much to lose; I'm in that camp.
Good. I hope every new car is $1,000,000 so no one buys the turds.
Likewise I hope the same folks also don't buy any $1000 turds.
Funny how the bell shaped curve always snaps back to reality.
Likewise I hope the same folks also don't buy any $1000 turds.
Funny how the bell shaped curve always snaps back to reality.
And our groceries? By definition, discretionary spending is more flexible than mandatory or essential spending.Good. I hope every new car is $1,000,000 so no one buys the turds.
Likewise I hope the same folks also don't buy any $1000 turds.
Funny how the bell shaped curve always snaps back to reality.
Reality bites, as they say.
As much as I hate it, that's the only reason people would voluntarily build factory in high cost area: higher price. You wouldn't think anyone wants them to build in the US paying China salary right?
I have though about this over the last decade and I come to the conclusion that there is a cost to everything, designing something to be repairable has its cost as well, and things that are disposable, if expensive, will come up with some creative solution to either extend its life or repair. The only reason people don't do things like that is cost.
You can design a circuit board to be able to replace a few chips here and there, but it is probably cheaper to just put them all inside one chip to begin with and you save more electricity and cost over time on that.
People used to say it is impossible to replace iPhone battery because they are glued to the screen and the shell: someone come up with repair kit to do it easily instead of throwing the whole phone out.
Computer server were designed to last 6 years but often upgraded in 3, those servers got sent to lower demand duty or sit idle to be fired up during peak season (tax season, xmas shopping season, etc).
"not so repairable cars" get sent to Africa and Mexico and people repair them there for local buyers. It is reasonable with their pay but not with our mechanics' pay.
I haven't even get into those helicoil repair and engine swap out of salvage vehicles, etc. My point is we will find a way if the $ amount make sense.
This is well understood between those M1 M2 M3 currency. Central banks want to control M3, and M1 is printed.
4WD
$50 site donor 2025
Allot of appliances go out bcs of PLC only - I took a $110 stab on an upright freezer - plug n play - that’s all it was …
Many would have junked it …
I knew a trader in a large investment bank. He knew people who tried to do that but what he said is, you can probably manipulate small volume and market cap stocks and assets for a bit, but large one maybe only a few seconds or a few minutes before they snap back to reality. They know people would fudge numbers by making this look good or bad before their quarter end, option expire, etc, but you can't manipulate something too long unless maybe you are a central bank of a large country or someone who has a monopoly hold of something everyone use in the world.
Because they prioritize an industry over quality of life of their society as a whole. Industries which rely on tariffs become uncompetitive. I posted a map a few days ago showing the rates. 1st world countries had rates under 3 percent (US included). Smaller the tariffs, the smaller the disruption. Think sugar, it's very small but it exists to support the Fanjul family in Florida.
If it were doable, it would be done now.
There is a reason we import stuff.
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