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In reply to the discussion: If the Strait of Hormuz doesn't open soon, as seems likely, there will be a massive economic crash [View all]Blue Full Moon
(3,706 posts)20. That's the point.
This was reported before the election. They think that the crypto currency will keep their wealth while they eliminate everyone else's. They want to force everyone to use the crypto scam. Not protected. But allows them to buy with no receipts things like children and bribes.
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If the Strait of Hormuz doesn't open soon, as seems likely, there will be a massive economic crash [View all]
LymphocyteLover
Thursday
OP
there's definitely been some adaptation... but still a lot has been kept afloat by the reserves that are likely to run
LymphocyteLover
Thursday
#27
Absolutely. I totally agree on all those points. The stock market is particularly a mess IMO
LymphocyteLover
Thursday
#32
Yes, but the key is how long the strait stays closed and how quickly the reserves run out
LymphocyteLover
Thursday
#28
Diesel is often made from mideastern crude while gasoline is made from US crude
JT45242
Thursday
#30
Are America's strategic reserves at a 40 year low right before the summer season?
SamuelTheThird
Thursday
#19
Traders in Singapore, Beijing and Mumbai aren't duped by whatever Trump says
GreatGazoo
Thursday
#36
"futures price contracts probably isn't a good predictor of actual future prices" -- meaning spot prices, yes
GreatGazoo
Thursday
#42
No. For anyone holding a March contract at $63 their price in March was $63
GreatGazoo
20 hrs ago
#44
Appreciate your insight as I'm an admitted economic idiot. I can see where Exxon would be trying to "warn"
Cheezoholic
Thursday
#21
Since oil is sold as futures there is more profit when buyers panic about the future
GreatGazoo
Thursday
#37
Last week Exxon Mobil warned that oil inventories will fall to record low levels in coming weeks
LymphocyteLover
Thursday
#33
"one of the key reasons that Trump started this conflict was to increase energy prices"-- agree
LymphocyteLover
Thursday
#25