Oilocalypse Now $200 a Barrel Looms Over Earth

Hormuz Headache Apes Demand $200 Oil

Good news everyone the price of oil might hit $200 a barrel. Apparently a dust up in the Middle East and what they call the Strait of Hormuz are causing a bit of a kerfuffle. This Strait of Hormuz is a narrow waterway where 20% of the world's oil supply passes through and with recent clashes oil prices are going bonkers. One expert Ebrahim Zolfaqari an important fellow in the Iranian military command said to get ready for $200 oil because of regional security problems.

Onyx CEO Foresees Oil Price Parabola

Greg Newman who's apparently a big shot at Onyx Capital Group told CNBC that Brent crude is one proxy and Middle Eastern benchmarks are already at $150 a barrel. He thinks $200 is not ridiculous calling our current situation "a crisis a day" when it comes to supply. Like the Professor always says "When will they ever learn". It seems that Cisco's Earnings Game Unexpected Twist Sends Shares South follows a similar unexpected path but on oil we are dealing with physical shortage of supply rather than financials. This is a potential catastrope.

Trump's Take on Strait Security

Even President Trump chimed in asking why the U.S. is the only one maintaining the Strait of Hormuz when China and other countries benefit more. Like he said "Why aren't they doing it" It's a fair question. I mean shouldn't everyone pitch in to keep the oil flowing or at least have Bender bend it for us

Economist's Warning: Prepare for Parabolic Prices

Chris Watling from Longview Economics said he wouldn't be surprised if oil hit $200 or even $250. He says prices can go parabolic when there's a shortage. His recommendation Be nimble and adjust risk positions quickly. I guess even he thinks the situation is "grimbo". He warns of "serious damage to the global economy". Great just what we needed. Another reason to charge more for those mutant deliveries.

Analysts Disagree on Oil's Trajectory

Not everyone agrees on the $200 prediction thankfully. UBS thinks Brent crude will hit $90 by June and $85 by year end. Goldman Sachs thinks it will average over $100 this month but dip to $85 in April. But they do warn of price spikes if the Strait of Hormuz is disrupted. So mixed signals all around. Like Zoidberg says "Hooray people are paying attention to me" in this case it is "Hooray people are paying attention to the economy".

Mid Term Mayhem Lasting Impact Imminent

Felipe Elink Schuurman CEO of Sparta believes that mid term prices won't come off anytime soon predicting months to restore normalcy especially for jet fuel gasoline diesel and petrochemical products. So basically everything. He mentioned this is going to be a "long lasting situation". Looks like we will need more luck than a 4 leaf clover to avoid a major crisis for our Planet Express missions.