The worst mistake of the George W. Bush administration was its “intervention” in Iraq. The worst mistake, so far, of the second Trump administration is its “intervention” in Iran. $100+/barrel for oil here we come.
https://www.cnbc.com/2026/09/08/oil-prices-today-brent-wti-hormuz-iran-war.html
Trump’s alleged, outrageous Venezuela oil deal is pointless. The reserves are mostly asphalt oil for making roads, not light crude for making gasoline.
Diesel fuel is the most expensive it’s ever been, and it’s going to continue setting new records throughout the winter. The cost of home heating oil, that I depend on, tracks diesel. I’m going to look for electric space heaters.