Bursa Malaysia (KLSE) Stock Investment Portal

The Real Reason Oil Prices Aren’t At $80
By Simon Watkins - Jul 21, 2021, 8:00 PM

Partial from article :

As was very clearly demonstrated under the government of former President Donald Trump – but pertains to all U.S. presidencies of recent years – the top person in the White House does not, in general, want oil prices on the higher side. The economic reason for this is that for every US$0.01 that the U.S.’s national average price of gasoline rises, more than US$1 billion per year in discretionary additional consumer spending is estimated to be lost.

As a general historical rule of thumb, it is estimated that every US$10 per barrel change in the price of crude oil results in a US$0.25 change in the price of a gallon of gasoline. Based on more recent historical precedent, a US$90-95 per barrel of Brent oil price equates to around US$3 per gallon of gasoline and a US$125-130 per barrel of Brent equates to around US$4 per gallon of gasoline.

The ‘danger zone’ for U.S. presidents starts at around US$3.00 per gallon and at US$4.00 per gallon they are being advised to pack their bags in Pennsylvania Avenue or start a war to divert the public’s attention. The point was underlined by Bob McNally, the former energy adviser to the former President George W. Bush that: “Few things terrify an American president more than a spike in fuel [gasoline] prices.”

Stock

Stock: [INSAS]: INSAS BHD

2021-11-23 09:10 | Report Abuse

布兰特油价跌穿80美元大马能源指数一度大跌20.34点 https://www.sinchew.com.my/?p=3435333

Stock

Stock: [INSAS]: INSAS BHD

2021-11-23 09:10 |

Post removed.Why?

Stock

Stock: [INSAS]: INSAS BHD

2021-11-23 08:54 |

Post removed.Why?

Stock

Stock: [INSAS]: INSAS BHD

2021-11-23 08:47 |

Post removed.Why?

Stock

Stock: [INSAS]: INSAS BHD

2021-11-23 08:43 |

Post removed.Why?

Stock

Stock: [INSAS]: INSAS BHD

2021-11-23 08:40 |

Post removed.Why?

Stock

Stock: [INSAS]: INSAS BHD

2021-11-23 08:28 | Report Abuse

Ranhill is Loss ... Tunepro said : Tunepro 0.45 cut win 0.49 on 12/3/21 but recently posted here is sold after 2 years no gain no dividend !!! After 2 years : price range 2 year ago is 55 to 60 sen ??

Stock

Stock: [INSAS]: INSAS BHD

2021-11-23 08:21 |

Post removed.Why?

Stock

Stock: [INSAS]: INSAS BHD

2021-11-23 07:19 |

Post removed.Why?

Stock

Stock: [INSAS]: INSAS BHD

2021-11-23 07:16 | Report Abuse

Recalled last time lena is surfaced posting twice ???