‘Miserable and impossible’

Billy Odell Tucker-Robinson Founder & Host — Banking With Billy Network • Financial Intelligence • Markets • World News • Independent Analysis
Published: 2026-09-09 • Permanent link

Fears are growing among investors as the global energy market continues to reel from the recent surge in gasoline and diesel fuel prices, now reaching a staggering $90 per barrel. ExxonMobil's announcement of increased production has been met with skepticism, with many industry experts questioning whether the company's efforts will be enough to stem the tide of rising costs. The market reaction has been swift, with oil stocks plummeting and shares of major energy companies plummeting in tandem.

Rising costs are having a devastating impact on consumers, particularly those who rely heavily on fuel for their daily commutes. With prices at an all-time high, many are being forced to cut back on discretionary spending, leading to a ripple effect throughout the economy. Economists warn that the prolonged period of high energy prices could lead to a slowdown in economic growth, with potential long-term consequences for businesses and individuals alike.

The current crisis is not an isolated incident, but rather a symptom of a broader industry issue. The ongoing shift towards renewable energy sources and increased demand for sustainable practices has led to a shortage of fossil fuels, driving up prices and straining the global supply chain. Industry experts point to the 1970s oil embargo as a similar example, highlighting the need for more diversified energy sources to mitigate the impact of price volatility.

As the situation continues to unfold, investors are bracing themselves for a potentially volatile ride. With the International Energy Agency predicting a 10% increase in global energy demand by 2025, the pressure on energy companies to deliver remains intense. Looking ahead, the key catalyst to watch will be the outcome of the upcoming OPEC meeting, where member countries will determine the global oil supply and potentially set the tone for the rest of the year.