General Discussion

SamuelTheThird

(1,387 posts)

10. lol@your link

Thu Jun 4, 2026, 09:49 AM

Jun 4

One: Real optimism that the Iran conflict/war is soon settled.

lol ain't happening. So 'your' number one reason is fantasy hopium

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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 Jun 4 OP

The shit is on the wing orangecrush Jun 4 #1

The storage cushion is fudgy. bucolic_frolic Jun 4 #2

President Bone Spurs had a plan to get out of Vietnam. Emile Jun 4 #3

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

From another perspective cachukis Jun 4 #5

there's definitely been some adaptation... but still a lot has been kept afloat by the reserves that are likely to run LymphocyteLover Jun 4 #27

No question. One of my worries is the takeover of cachukis Jun 4 #31

Absolutely. I totally agree on all those points. The stock market is particularly a mess IMO LymphocyteLover Jun 4 #32

Have invested mostly in real estate over the last cachukis Jun 4 #34

Why would " Diesel goes first"??? Melon Jun 4 #6

800,000 to 1.2 million SamuelTheThird Jun 4 #11

It's one country. Multiply across all oil producing Melon Jun 4 #41

Yes, but the key is how long the strait stays closed and how quickly the reserves run out LymphocyteLover Jun 4 #28

Diesel is often made from mideastern crude while gasoline is made from US crude JT45242 Jun 4 #30

Not In The US, Though ProfessorGAC Friday #45

Completely wrong. GreatGazoo Jun 4 #7

lol@your link SamuelTheThird Jun 4 #10

You ignored all the numbers to nitpick about semantics GreatGazoo Jun 4 #15

Are America's strategic reserves at a 40 year low right before the summer season? SamuelTheThird Jun 4 #19

Traders in Singapore, Beijing and Mumbai aren't duped by whatever Trump says GreatGazoo Jun 4 #36

This message was self-deleted by its author LymphocyteLover Jun 4 #29

Futures Are Not Delivery modrepub Jun 4 #39

"futures price contracts probably isn't a good predictor of actual future prices" -- meaning spot prices, yes GreatGazoo Jun 4 #42

Future Prices Are Not Necessarily modrepub Friday #43

No. For anyone holding a March contract at $63 their price in March was $63 GreatGazoo Friday #44

Appreciate your insight as I'm an admitted economic idiot. I can see where Exxon would be trying to "warn" Cheezoholic Jun 4 #21

Futures lock in a price right now GreatGazoo Jun 4 #22

Admittedly, Im no expert or even amateur...but SamuelTheThird Jun 4 #35

Since oil is sold as futures there is more profit when buyers panic about the future GreatGazoo Jun 4 #37

All hinging on a deal that isn't going to happen SamuelTheThird Jun 4 #38

Last week Exxon Mobil warned that oil inventories will fall to record low levels in coming weeks LymphocyteLover Jun 4 #33

Demand destruction WSHazel Jun 4 #8

"one of the key reasons that Trump started this conflict was to increase energy prices"-- agree LymphocyteLover Jun 4 #25

And it's all part of the plan... 2naSalit Jun 4 #9

Excellent summation. Kid Berwyn Jun 4 #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 Jun 4 #13

Agree. Thanks for the link. LymphocyteLover Jun 4 #24

Kick dalton99a Jun 4 #14

MAGA does the full collapse kairos12 Jun 4 #16

First the bastids want to grift off it, if they can. GreenWave Jun 4 #17

But I thouight it would be open in two weeks. AverageOldGuy Jun 4 #18

That's the point. Blue Full Moon Jun 4 #20

Unbelievably awful LymphocyteLover Jun 4 #23

It's happening now as we speak. marble falls Jun 4 #26

Remember that the UAE left OPEC a few weeks ago WSHazel Jun 4 #40