Ontario, Canada
Joined July 2020
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Mario, maybe if you hadn't declared the war over in June, we'd have had the price discovery necessary to prevent this from happening now. You're part of the problem.
OIL JUST EXPLODED PAST $111 A BARREL.
The energy crisis is getting worse.
Brent crude has jumped from roughly $107 to over $111, in just a few minutes!
The Middle East is turning into a nightmare for global oil supplies.
Houthi attacks are threatening Saudi Arabia's energy infrastructure, Iran is disrupting shipping around the Strait of Hormuz, and Ukrainian strikes are putting additional pressure on Russian refineries.
All 3 are hitting a market already struggling with the consequences of months of war.
And $111 oil doesn't stay confined to the energy market.
It feeds into diesel, shipping, food prices and inflation across the entire global economy.
The frightening part is that oil keeps climbing even as governments release emergency reserves to bring prices down.
Where is this eventually going?
Writer: Oliver
I love the relative peace and quiet when the oil bears and glutters go strangely silent. Why on earth would you short oil during the greatest supply crisis in recorded history? @NuggetCapital @igetredpilled @ManyBeenRinsed
I mean, he's not wrong...
🇮🇷 Iran's Secretary of National Security Mohsen Rezaei says Trump was DUPED by NETANYAHU into a disastrous war with Iran.
He claims the U.S. Navy failed to reopen the Strait of Hormuz and has now resorted to smuggling.
Calling American naval operations “smuggling” is quite a choice of words from a country accused of using shadow fleets to evade sanctions.
Writer: Oliver
Remember when Mario insisted repeatedly that the war was over in June?
I don't think the average American realizes how much Trump's Iran war fucked up the entire Middle East, and the amount of death and destruction it will cause for years, even decades to come.
The second and third-order consequences are gonna be CATASTROPHIC, and we're already seeing this in Yemen and Lebanon, and it's just getting started
Just when you thought they couldn't come off any more desperate. I will continue to profit from the biggest (and stupidest) foreign policy blunder of our time.
Oilpatch profits vastly outpacing spending — at least for now: Deloitte bnnbloomberg.ca/markets/oil/…
In a desperate effort to be right, the 'Glutters' are missing out on record windfall profits.
Certified genius can't see the forest for the trees. Nobody is disputing that the situation, and prices, will normalize. It's about the otherworldly profits that continue to be made in the meantime.
It's been nice knowing you, boys. We had a good run #COM.
Now why would oil go lower than it was before the start of the war, after the biggest supply disruption in history?!
As I recall, the world's energy lifeline was closed because of the U.S.
🇺🇸 JD Vance says the world’s energy lifeline is staying open because of the U.S.
“𝘓𝘢𝘴𝘵 𝘯𝘪𝘨𝘩𝘵, 15 𝘮𝘪𝘭𝘭𝘪𝘰𝘯 𝘣𝘢𝘳𝘳𝘦𝘭𝘴 𝘤𝘢𝘮𝘦 𝘰𝘶𝘵 𝘰𝘧 𝘵𝘩𝘦 𝘚𝘵𝘳𝘢𝘪𝘵,” 𝘩𝘦 𝘴𝘢𝘪𝘥, 𝘳𝘦𝘧𝘦𝘳𝘳𝘪𝘯𝘨 𝘵𝘰 𝘵𝘩𝘦 𝘚𝘵𝘳𝘢𝘪𝘵 𝘰𝘧 𝘏𝘰𝘳𝘮𝘶𝘻. “𝘐𝘧 𝘸𝘦 𝘥𝘰𝘯’𝘵 𝘥𝘰 𝘪𝘵, 𝘯𝘰𝘣𝘰𝘥𝘺 𝘦𝘭𝘴𝘦 𝘸𝘰𝘶𝘭𝘥.”
At this rate, it's either keeping the shipping route open or entering a global energy crisis.
Writer: Lynn
IRAN: OMAN, QATAR & PAKISTAN PUSH FOR DE-ESCALATION
Pakistan, Qatar and Oman remain in contact with Iran and the U.S. to ease tensions, a diplomatic source told Al Arabiya English.
Iranian Foreign Minister Abbas Araghchi also recently held talks with Pakistan’s army chief Asim Munir.
The report follows claims that Oman and Qatar are intensifying efforts to restart U.S.-Iran negotiations.