
John
3.3K posts

John
@JustBostonJohn
Petroleum Engineer, former Land Man, I&E tech.







@EnergyCredit1 Is this gaslighting? HFI says Russian supplies didn't go offline yet the US pulled 300mmbbls and replaced 80mmbbls via swap in backwardation. Now we actually have 11mmbpd of missing supply and are pulling 100.



Friendly reminder that not only did we not lose ANY supplies in 2022, but Biden turned a blind eye on Iranian crude exports. Iran sold 150 million bbls of floating storage + ramped up its crude exports. No sanction enforcement. On top of that, we released 260+ million bbls of SPR.







Price of oil is down. If your gas prices aren’t coming down, blame your local retailer.

Trump on Iran’s latest proposal: “I don’t like it—TOTALLY UNACCEPTABLE” Restart the clock.


























