Rusty
4.5K posts


A moment Pierre Poilievre didn’t want to meet theglobeandmail.com/politics/opini…

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.

Energy fund managers say cheap oil unlikely to return even after Iran war ends theglobeandmail.com/investing/glob…






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


Let’s all throw our heads back and laugh at @PierrePoilievre The guy who took 10 years to finish a BA in International Relations with the help of his staff from 2004-2008. It took Carney less time to get a Masters in Philosophy from Oxford and a Economics Degree from Harvard


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


OIL PRICES SET TO SKYROCKET: IEA SAYS WAR CRISIS SEVERITY NOT YET PRICED IN Oil prices sit near $100 a barrel after a stunning 64% rally this year. But the International Energy Agency says they still fall far short of reflecting the true scale of the Iran war supply crisis. Executive Director Fatih Birol just delivered the warning everyone needs to hear. THE UNPRECEDENTED SUPPLY CRISIS ➡️ About 13 million barrels a day of oil supply have been shuttered by the conflict and near-closure of the Strait of Hormuz. ➡️ The Paris-based agency calls this the biggest supply disruption in history. ➡️ Over 80 energy facilities lie damaged from the hostilities. THE LONG RECOVERY NIGHTMARE ➡️ Full repairs could take as long as two years. ➡️ IEA members like the U.S., Japan, and Germany already released emergency stockpiles last month to calm markets. ➡️ Yet Birol makes clear this is only a temporary patch. THE PRICE DISCONNECT WARNING ➡️ “Prices are already high, but they are not reflecting the severity of the problem — I agree there is a disconnect,” Birol said. ➡️ “But I think soon we will see they will converge, which is an extremely sensitive issue for the global economy.” ➡️ That convergence is coming fast. THE BOTTOM LINE The IEA has confirmed what markets refuse to fully accept: current oil prices ignore the historic damage and massive ongoing losses from the Iran war. The global economy is about to feel the real cost. #OilCrisis #IEAWarning #IranWar #OilPrices #SupplyShock #StraitOfHormuz #EnergyCrisis






