Ross

@Narcomania I enjoy your writing Max, but has legalization not shown an increase in alternative criminal activities I.e. human trafficking? These groups will still want to maintain their income, they won’t simply stop.

I’ve been writing about cannabis grow thieves (I interviewed one) for a decade and they’re not just Albanians, who are sometimes the victims. Robberies have ended in murder. Legalising weed would reduce this mess.

@JavierBlas You should put WTI at the end of yours

@JavierBlas What a day

“… fakenews is used to manipulate the financial and oil markets …” (From the Iranian official most likely calling the shots in Tehran today)

Topical cans

@TradeEagleIQ @Rory_Johnston Makes sense, thanks

@RossFromOnline @Rory_Johnston Not lying, just different timeframes. Futures price forward; physical reflects immediate urgency. The spread IS the signal. Smart money watches basis, not just price.

Crude futures aren't telling the full story. See Dubai physical swaps (white, balance of the month) vs Brent prompt futures (blue) below. Normally they're pretty close, but right now there's a MAD bid for physical crude in the region—$100/bbl futs, $140/bbl physical barrels.

@Rory_Johnston Take this as a compliment - your substack has helped with the night feeds during my paternity!

@RossFromOnline I'll have a more nuanced discussion in Oil Context Weekly this afternoon! Keep your eyes out :)

@METhompson72 @SteinitzKen I have some TUN, not at 2p but not a bad price. Feels more like a punt than an investment, no? The previous operator certainly made a hash of it.

@SteinitzKen The really smart money founded Tungsten West at 2p, IPO'ed at 60p, saw it to 85p, got screwed by the Ukraine war and an utterly crap Tory Govt, saw it to 2p and doubled down. Welcome to my life!!

Lockheed Martin produce the M30AI cluster munition used so effectively in Iran. 180,000 pellets of #tungsten per warhead. That’s 50kg of tungsten. They currently produce 16,000 a year. That’s 800 tonnes of tungsten. Quadrupling production would increase demand by 2,400 tonnes of tungsten. Each warhead costs $200,000 At tungsten price of $300,000 per tonne, 50kg of tungsten is $15,000 - only 7.5% of the unit cost. This additional tungsten demand is units lost to the market. It is not recycled - unlike machine tools consumption where approximately 65% is recycled. This is going to break the tungsten market. APT last at $2,250 My new price target is $5,000. I own EQ Resources, $EQR and Tungsten West. $TUN.

@highonvril @wisdomandboats I’ve read The Prize and The World For Sale, surely I’m ready to make $10mm/y?

biggest larp, and the worst slop i’ve seen in a while I work with crude oil brokers & people have no clue how competitive it is, the office usually sounds like something straight out of the wolf of wall street Anything in the oil business is incredibly complex, competitive, & nepotic. It’ll take a miracle just to get an opportunity to see the inside of these offices. Let alone being a brokers assistant to start, or even independently brokering deals. It’s so unrealistic it’s laughable. It takes years of work for people to even get a chance to be in position like this. It’s not available to most people. And even if you did someone how find an interested buyer/seller (likely just another wannabe broker) The complexity of the deal and the legal paperwork will be unbelievably overwhelming to anyone new in the industry, let alone an individual. (hence why independent individual brokers don’t really exist) What this guy (based in africa btw so make of that what you will) conveniently left out all the operational, legal, and fulfillment of a deal which is what actually constitutes negotiation and most of the work. it’s laughable because when things go wrong (which they will) you get slapped with a 200 page claims document for $1,500,000 and it takes a whole team of experts to situate that. So no random guy with no experience or connections is going somehow pull together multi million dollar deals in such a complex, competitive industry full of hyper competent people If anyone could send some messages and connect two parties to make a deal it would be done by now and that easy opportunity gone by now. It’s not that easy. Plus commissions are usually closer to half a cent a barrel or often less. $2-5 a barrel is so absurd it shows this guy has absolutely no idea what he’s talking about and basically relied on chatgpt for this whole shitty funnel Especially with oil prices right now where many producers are making that as their margin or even less. In oil and shipping it’s like this where there’s swarms of 3rd worlders from india and africa clogging every dm inbox and channel trying to do this same shit. It’s annoying and anyone in the industry sees it instantly and won’t talk to you. Yes oil traders can make extremely high incomes like this, I’ve known people who became oil traders and made 10s of millions then retired at like 35. But those opportunities are not available for normal people. This idea you can make .00001% income so easily is unrealistic, unless you’re incredibly lucky or a genius that can provide that kind of value. And if you want to get into some facet of this business it is possible with a lot of time, effort, agency, and intelligence. But I will tell you there’s no chance you’ll get anywhere buying any course online. Especially from some third worlders who knows nothing about the business. People gotta understand that in traditional business there is opportunity but you have to either be incredibly smart/crafty, have a family in, or come up with a new useful idea (most won’t) and you still have to be really good with people So please, don’t buy any course on this. Save your money and effort. If you actually want to get into this business dedicate yourself and learn the ins and outs, reach out to people genuinely and try to at least get an in and start from the very bottom. It takes years and years there’s not a shortcut, it just takes a lot of time and effort

One of my favourite reads for some time

@awhite805 @NOTdaRealGil Each to their own and that’s the beauty of golf. Only a £20 green fee which is certainly excellent bang for your buck, but perhaps the most disappointing trip of my Scottish jaunts this year.

@RossFromOnline @NOTdaRealGil The vibe is unmatched. Hard to explain. Years later, it’s my favorite golf course. Maybe not the best, but my favorite…

With 2025 coming to a close…. Here are my Top 10 courses that I played for the first time this year! 1. Royal Dornoch (Championship) 2. Fishers Island Club 3. The Old Course at St. Andrews 4. North Berwick West Links 5. Seminole Golf Club 6. Monterey Peninsula Country Club (Dunes) 7. Winged Foot Golf Club (West) 8. Congressional Country Club (Blue) 9. The Creek 10. Sankaty Head Golf Club (Pictured: 1, 4, 9, 10)

@RampCapitalLLC @jbulltard1 One of my businesses is literally removing kidney stones from humans in the UK, the total charge for this to be done privately is about $7000. To remove a urethral stone you’re looking at $5000…

@jbulltard1 Can he just pass it naturally?

Back to what I said earlier, the dog has a stone, not something crazy, $8k or $10k to remove it is just insane for 99% of families in the country. I get it nobody has to have a dog, but seriously do normal folks just put a dog down over a stone bc they can’t pay?

@mtmalinen @realDonaldTrump Nuclear War: A Scenario by Annie Jacobsen is a fantastic introduction in to how bad it can be.

The past few days have reminded me of how important it is to tell the people you care about that you do. This applies especially now as we stand on the verge of a nuclear holocaust. If you want to do something to stop it, write to @realDonaldTrump, President Putin (if that's somehow possible), and the European leaders, and demand they stop the cycle of escalation in Ukraine. They all hold the means to stop the war, but their will seem to be lacking. The picture is from the Trinity Test, i.e., the first nuclear explosion that occurred on 16 July, 1945. @JDVance @vonderleyen @alexstubb

@JackJaack1243 @Andrewmoss007 @golfcourses101 Not looking bad right now tbf!

@RossFromOnline @Andrewmoss007 @golfcourses101 Would most likely be March next year. I’m a 1 index so I don’t mind paying places that are worth it.

Who here has heard of Hollinwell in England? This is really a wonderful place that was designed by Willie Park Jr. likely the firmest course I have ever played…making it one of the toughest as well. A true gem!

@Andrewmoss007 @JackJaack1243 @golfcourses101 £95 at the moment I believe!

@JackJaack1243 @golfcourses101 £200 summer green fee I believe, they do some good winter deals though.

I’ve found the American going through the most severe mental breakdown.

@PengeMarco Early record makes it look bad, entirely different player now - as he is proving

I know alot of people have been giving Fitzy some stick because of his ryder cup record. I had the pleasure of playing with him at the scottish in round 3 + 4 + i think he’s quality. One of the most impressive players I’ve played with and I think he will go unbeaten this year! 👏🏻

don getting a glimpse of sepp straka for the first time today