Rusty

In my view, this is the biggest misconception in the oil market today. Generalists are looking at it from Strait of Hormuz traffic flow while oil specialists are looking at production shut-in. Generalists are saying, “Well, if there’s a peace agreement or tanker starts to come back, everything will be fine.” Oil specialists are saying, “No, shut-in barrels are barrels that will be replaced via lower storage volumes elsewhere. Tanker availability delays production shut-in returning by 1-2 months. Total barrels lost = 1+ billion bbls.” I don’t think it’s anything more complicated than that. So the only way to change sentiment is for widespread fuel outages.

White House: 103 empty ships are heading to US ports to load oil - CBS.

I was wrong Lost money and credibility And I’m very sorry for all of my followers that trusted me I’ll never understand how Trump agreed to the $2m toll, removing sanctions, and enriching uranium My whole bet was that he would never agree to that But that doesn’t matter What matters is things can happen that don’t make sense Never bet more than you can afford to lose PS. I still think the strait stays closed and I’m right but at this point I can no longer trust my own thoughts on this subject

I didn't care if the liberals won tonight, I just needed the conservatives to lose and lose hard.