

Dave Shuck 🇺🇸
20.3K posts

@dshuckit
Catholic, Geopolitics, Fuel Trader, Hard Money Advocate, Veteran, USCGA ‘04 🇻🇦🇺🇸



@elephant_23 They said oil would just come to a stop Except he primed us to be the world’s gas station.




🚨 MASSIVE DEVELOPMENT: President Trump announces oil and gas companies have informed him they're 100% DITCHING the Strait of Hormuz — and are picking Texas, USA instead They like going through US better. Imagine that. "We've become very big on the filling station. We're a big filling station. And what's happening is, when this first, when people heard about losing Hormuz, they said, oh, this is, it's genius." "They're finding other locations. And some of those people, I spoke to companies in countries. Some of those people are going to continue to go to Texas." "They like it better. They said, it's an extra 45 minutes. They like it better. And it's sort of amazing, you know, it found its way." "So a lot of people thought oil would go to $250, $300. It's not. I mean, today it's at less than a hundred." "Think of that. Now, when this ends, you're going to see a drop like a rock." 🇺🇸🇺🇸🇺🇸



OIL MARKET SHOWS DISCONNECT BETWEEN FUTURES, PHYSICAL: ARAMCO


US gasoline stocks are at their lowest seasonal level for more than a decade, per FT:


JUST IN: US home sellers now outnumber buyers by 630,000 — largest gap ever.

US existing home sales remain at secular lows. So much for the hopes that the housing market is going to pick up...