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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

The shit is on the wing orangecrush Thursday #1

The storage cushion is fudgy. bucolic_frolic Thursday #2

President Bone Spurs had a plan to get out of Vietnam. Emile Thursday #3

Daddy's not buying his way out of this one. dem4decades Thursday #4

From another perspective cachukis Thursday #5

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

No question. One of my worries is the takeover of cachukis Thursday #31

Absolutely. I totally agree on all those points. The stock market is particularly a mess IMO LymphocyteLover Thursday #32

Have invested mostly in real estate over the last cachukis Thursday #34

Why would " Diesel goes first"??? Melon Thursday #6

800,000 to 1.2 million SamuelTheThird Thursday #11

It's one country. Multiply across all oil producing Melon Thursday #41

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

Not In The US, Though ProfessorGAC 19 hrs ago #45

Completely wrong. GreatGazoo Thursday #7

lol@your link SamuelTheThird Thursday #10

You ignored all the numbers to nitpick about semantics GreatGazoo Thursday #15

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

This message was self-deleted by its author LymphocyteLover Thursday #29

Futures Are Not Delivery modrepub Thursday #39

"futures price contracts probably isn't a good predictor of actual future prices" -- meaning spot prices, yes GreatGazoo Thursday #42

Future Prices Are Not Necessarily modrepub 22 hrs ago #43

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

Futures lock in a price right now GreatGazoo Thursday #22

Admittedly, Im no expert or even amateur...but SamuelTheThird Thursday #35

Since oil is sold as futures there is more profit when buyers panic about the future GreatGazoo Thursday #37

All hinging on a deal that isn't going to happen SamuelTheThird Thursday #38

Last week Exxon Mobil warned that oil inventories will fall to record low levels in coming weeks LymphocyteLover Thursday #33

Demand destruction WSHazel Thursday #8

"one of the key reasons that Trump started this conflict was to increase energy prices"-- agree LymphocyteLover Thursday #25

And it's all part of the plan... 2naSalit Thursday #9

Excellent summation. Kid Berwyn Thursday #12

I don't think the Strait of Hormuz never reopening is going to happen, but it will not reopen without a major shock ToxMarz Thursday #13

Agree. Thanks for the link. LymphocyteLover Thursday #24

Kick dalton99a Thursday #14

MAGA does the full collapse kairos12 Thursday #16

First the bastids want to grift off it, if they can. GreenWave Thursday #17

But I thouight it would be open in two weeks. AverageOldGuy Thursday #18

That's the point. Blue Full Moon Thursday #20

Unbelievably awful LymphocyteLover Thursday #23

It's happening now as we speak. marble falls Thursday #26

Remember that the UAE left OPEC a few weeks ago WSHazel Thursday #40