@RealWestern2003 If a society worked really well, then no one would have to work. Not even the Chinese - but they need to work, a lot. Many are slaves for the advancements you celebrate.
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Chris Leclair
20.8K posts
Chris Leclair
@WoodedBeardsman
Leadership needs an overhaul.
Canada Katılım Eylül 2016
217 Takip Edilen1.7K Takipçiler
🇨🇳 If Communism doesn’t work, then why is China the most advanced country on earth ?
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@NuggetCapital 💯 they want this to end just as much as the Americans and Europeans.
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Still think China-USA meeting will be bearish oil. China and India are getting smashed here. They will apply a lot of pressure on Iran to end this. I don't think Iran has much clout as people think they do if those two powers get involved against high oil prices.
Golden Fleece@Mintgecko
How long can China's economy survive $100 oil, and how long can the IRGC survive without the hand that feeds them?
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@SaItinerant @NuggetCapital It doesn't matter what bulls want. It's what people with power want. And Iran wants sovereignty - and so far, can have that.
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@NuggetCapital It needs to be bearish oil, cuz 10-20% of global oil supply cut off is not sustainable and will crash the global econ if it continues.. I don't think any sane & informed oil equities bull wants that..
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@GavMcCracken I round tripped on JOY over far too many years. Tell me why I should buy it back?
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@NuggetCapital I pictured you in a Bimmer. Get long oil, join the Corolla crew.
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$102 dollars to fill 3/4 of a tank in the 4 cylinder Bimmer this morning. No respite for premium fuel users. Considering listing my BMW on the Baytex Energy Investors facebook forum. If successful, may use the proceeds to recycle capital and buy a Toyota Yaris. Thanks, Nuttall.
Akwesasne (Part) 59, Ontario 🇨🇦 English
We’re delivering on our commitment to get big things built faster.
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@timhodgsonmt fire the government.
and get the fuck out of the way?
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For too long, it’s been too hard to build big projects — ports, railways, energy corridors, and mines — in Canada.
We promised to change that, and today, we’re launching an engagement period on a series of measures that would make it easier to build quickly and responsibly.
This is how we build Canada Strong for All 🇨🇦
canada.ca/en/one-canadia…
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In the face of global trade shifts, Premier @ABDanielleSmith and I are working to build a stronger, more independent, and more sustainable economy. We met in Ottawa today to discuss how we can unlock the full potential of Alberta’s resources, lower emissions, and create good career opportunities for Canadians.
That’s how we build Alberta strong, and Canada strong for all.
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@JoshYoung Rebought my ATH for lower swap. Cause I enjoy the pain.
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@BB19043 I don't see any generalists entering the space.
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@CaptnForesight It's nauseating. You want to damage energy investment, you found a way. It's already hard enough.
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The risk of getting whipsawed for the umpteenth time is pushing some energy investors to the sidelines
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Hantavirus has a fatality of up to 40%
There is no treatment
Normal people : WE NEED A VACCINE
Anti vaxxers: NO VACCINES I'LL TAKE MY CHANCES
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@JoshYoung Being honest. My diamond hands are not what they once were. When someone wants something as bad as Trump imagines things - I have to listen. Still hold some, but winding things down a little. Trump is working the law of attraction something fierce.
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No direct dialogue - but there's a peace deal?
Energy Headline News@OilHeadlineNews
WRIGHT: WE DON'T HAVE DIRECT DIALOGUE WITH IRANIAN OFFICIALS WRIGHT: LOOKS LIKE IRAN HAS CUT BY 400,000 BARRELS/DAY
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@squidsee @tylermacro10 The war premium was being priced in. Now it's mostly gone. Everyone has always assumed that this is short - and so far, it's proving the case. There are some lingering problems right now, but not problems like a years long war. I'm curious if there is one more strike by the US.
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Got it. So in your view, the rally before the war is unrelated and the war is still not priced in. This is what I was thinking about. I thought there was possibly some level of war risk being priced in during January because that is when some US military assets started moving into gulf region.
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July crude is unchanged from two months ago (war escalation) even though little to no crude had flowed through Hormuz over that period
I have never seen a more inaccurate major prediction in my career from otherwise smart and well informed market participants
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Is there any content you want to include in that incoherent reply @WoodedBeardsman
GIF
Chris Leclair@WoodedBeardsman
@aeberman12 Oil is $92.....
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@squidsee @tylermacro10 It's true. Because oil investors were seeing the the proclaimed supply glut of a century was not going to materialize - before the war. Ironically, the war isn't even priced into equities right now, still.
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I thought this was interesting. Oil and gas equities started rallying a good amount of time before the war. So by the time the strait really slowed down to traffic around March 2nd- there was not a jump in these equities, maybe because they had already been rallying for almost two months (caveat, I am no expert so could be missing a lot.. but thought this was at least working looking at).
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Base case: Brent pushes toward $140 by October
Then demand destruction resets the market to a ~$100–105 clearing range.
#Oil #Brent #EnergyCrisis #DemandDestruction #Commodities #EnergyMarkets #SupplyShock #Macro #Inflation #Energy
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