Crudehead🛢

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Crudehead🛢

Crudehead🛢

@cbjom

Oil analyst formerly known as Lord Crudehead: funder of hedges; professional drinker of your milkshake. #OOTT

State of permanent balance Katılım Eylül 2012
676 Takip Edilen16.8K Takipçiler
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Ricardo Reis
Ricardo Reis@R2Rsquared·
In 1507-15, the Portuguese crown built the fort of Our Lady of the Conception in Hormuz, to control trade from India and charge hefty tolls to passing ships. From the outset, holding the fort and controlling the Strait of Hormuz required constant fighting with local emirs; by 1662 the Shah of Persia (backed by British forces) took it for good. After a detailed account of the back-and-forth in a fierce and bloody seven‑month naval battle in 1521–22 in the Strait of Hormuz, Commander Saturnino Monteiro, in the first volume of his treatise "Batalhas e Combates da Marinha Portuguesa,” concluded: "...and thus ended this stupid and useless war of Hormuz, with everything remaining as it had been before."
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Crudehead🛢
Crudehead🛢@cbjom·
*TACO = Tehran Always Chickens Out
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Crudehead🛢@cbjom·
Iran to 🌮? #OOTT
Barak Ravid@BarakRavid

🚨An Israeli official said the strike on the gas facility was coordinated between the Israeli prime minister's office and the White House 🚨The official said it was aimed at signaling to Iran that if it continues disrupting oil supply through the strait of Hormuz there could be an escalation in the targeting of its energy facilities and a worsening of the economic crisis in the country 🚨"It was a signal of what could come next", the official said

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Crudehead🛢@cbjom·
@KevinFrisz @jbailey @TheStalwart So, yes, then lose 1.5mln bbls/d over time. But my point when discussing WH administration planning and policy anything is possible. Anything and everything is on the table. It will implement any solution they think will work for the shortest period of time.
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Crudehead🛢
Crudehead🛢@cbjom·
@KevinFrisz @jbailey @TheStalwart At risk today is 4mln bbls/d of current crude exports. US could given out crony export licenses for ~2mln bbls/d. Then promise a refill rate at 500kbd with ceiling floor px offered over next 2 years. Light crude always been about 45% of SPR.
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Crudehead🛢
Crudehead🛢@cbjom·
@KevinFrisz @jbailey @TheStalwart That's too logical an outcome. Trump admin could offer guaranteed floor price (say $65-70/bbl over next 3 years). Need to part refill the SPR. Refiners would have min stockholding levels imposed. US becomes oil island fortress - that's also highly dysfunctional for px signals.
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Kevin Frisz
Kevin Frisz@KevinFrisz·
@jbailey @TheStalwart But here's the problem. US oil co's export 40% of their light sweet production. If trump were to ban that, they would have to cap those wells. They might not remain profitable on the remaining wells. (And needless to say, the oil stockholders would be pissed.)
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Scarlett’s Movie Musings
Scarlett’s Movie Musings@ScarletCinema·
“But, as you see, it's a beautiful day, the Strait of Hormuz is open and people are having a wonderful time!”
Scarlett’s Movie Musings tweet media
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Crudehead🛢
Crudehead🛢@cbjom·
Why would the US capture Kharg Island? Just sit outside the Strait and blockade. #OOTT
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Ryan Petersen
Ryan Petersen@typesfast·
Google maps reviews for the strait of hormuz are brutal rn.
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Keşfet

@KevinFrisz @jbailey @TheStalwart @elonmusk @BarackObama @taylorswift13 @cristiano @BillGates