
Roland Leung
17K posts



The petrodollar already broke when US became energy independent and the GCC sovereign wealth funds started buying US equities rather than US treasuries. Oil is priced in dollars but you can settle in any currency. The important part was the purchase of US treasuries by oil exporting countries. That is already broken. Next the Eurodollar & Japan carry trade. That is Trump’s gift to the financial industrial complex at the expense of Americans who pay the bills and take on the debt. This is operation Warpspeed 2.0, a gift for the same FIC that loved the global financial crisis and COVID.








There's a lot of confusion out there, including with Trump, that the US has lots of oil to sell to the world. We do not. We're a net importer of crude (~+3 Mb/d). The EIA reports that fact in great detail every week. The confusion stems from using the term "petroleum exports" which includes the bodacious amounts of natural gas liquids (NGL) that come from our wet gas plays. That stuff isn't "oil" and it is exported because it's wildly overproduced compared to our needs. Yes, the US is a net exporter of "petroleum," but it's also a net IMPORTER of crude oil. In other words, the US has none to sell. There's more complexity to why we export 3M b/d of crude (it's the wrong kind for our refineries) and also import 6.4 M b/d of crude (which is the right kind).



#JustDarioDaily - Podcast Version ⚠️ SAVE PRIVATE TAKAICHI: HOW JAPAN’S YEN CRISIS IS BEING IGNORED 🎙️ $JPY #Japan youtu.be/LyICsfh1G8A?si…



You don't see this every day Someone just loaded up on MILLIONS worth of 1DTE $QQQ puts







The power of the jawbone vs physical market reality If you jawbone long enough to the resolution of the conflict, great, you survived. If you don’t, that inflection point will be very violent and nasty. Cushion runs out by mid-April for the oil market. Jawbone will work until then.



Shall I say it again? 🙂







Quarter-ending Window Dressing Goes Extreme: (1) this huge rebound has nothing to do with reality; but has everything to do with bond-re-adjustment; (2) so far, only 3-wave off the low at 6316; also, THE BLACK TRENDLINE should be respected, at least short-term. SHORT at 6540






















