Strider

𝕏 is a great platform for product announcements, especially if done by the CEO directly. Way more interesting to the public than generic press releases. This post by Mark Zuckerberg already received over 12 million views for free!

Market rumours ; One high profile private sector Bank has been deftly over-taken by the top duo in the establishment by planting a dubious ex-CEC as its non-executive Chairman. The appointment was pushed by PMO.

Oil experts are an interesting breed of people. They are sorta like gold bugs. For long periods they sit in a distant corner of the financial markets. We pass by their desks and they nod at us and occasionally they get our attention and draw us close. We hear their predictions of chaos and global doom. We slowly back away and go about our business and live life. Episodically once every decade or so these same people are thrust to the center of the stage. They haven't changed. They are the same people. It's us who have decided to pay attention. Their story remains the same. Energy is a physical commodity and real supply shocks will unleash chaos on the global economy for years to come. The thing is they amaze us with their depth and understanding of all things energy. Barrel count, geopolitical alignments of countries, grades, distillates, etc. So many facts. So much depth. So credible. They always had this level of credibility. They have specialized in this topic for their lifetime and we are simply tourists. They are incredibly valuable and always have been. Maybe this time is different. Certainly market prices of oil and scarce immediate supply is "chaotic" and feeds back into the real economy. Heck I care about the path of oil and its impact on the global economy and various market sectors. At the same time I suggest recognizing that YOU are the one who has changed. If your Oil guru or gurus have been saying the same thing for decades despite being wrong for decades it's your job to find the rare one who is pivoting and see their rationale and then for YOU to back slowly away from the perma oil bulls.