I’m not opposed to governments doing this, but unless the Strait of Hormuz is reopened, this is just a band aid solution. Reserves aren’t infinite. However, markets seem to like it, so calls it is for me.
Substantial-Use-2867 on
Did anyone else have parents with a coin jar? Can you imagine if after a bad week, they just went and smashed it with a hammer?
Numerous-Stand-1841 on
Be honest. Who here fomo bought USO at 130 this morning?
Careful_Response4694 on
Maybe if they pour all the oil in the strait it can kind of hide the tankers like squid ink.
EfficientCommand4368 on
Might pick up some sco today to scalp before oil goes back up again later this week
Terrible-Suit9991 on
Shooting their load a bit early here.
Tearakan on
The US doesn’t have any…….we literally didn’t refill our strategic oil reserves even though we started this war……
peanuts-in-my-jelly on
what if we closed at *the lows* 🕳️
TomatoSpecialist6879 on
First rug before they say they decided on limited quality to ensure self-sufficiency(bs), then they’ll suddenly release a bit more to rug a 2nd time, then they’ll keep milking it until they decide to crash it for good with a cleared strait+oil reserve release
Cav829 on
If nothing else it’s showing how speculative oil is atm as this does very little to actually mitigate the issue long-term. I have seen nothing to convince me this is getting resolved any time in the next few months.
FEMA_Camp_Survivor on
This is like those stimulus checks in 2008 that didn’t matter in the long run and barely anyone remembers. Until the root cause is addressed, oil will go higher.
Artistic_Teach558 on
Im aware that this is conspiracy territory, but Im positive that this war is Israel’s last gasp at dominating the middle east given the circumstances: the most pro-israel administration they can hope for, Europe’s complacency, and borrowed time, since Israel’s popularity with people worldwide is dimishing insanely fast.
It’s gonna be like Russia’s war on Ukraine: long, painful, and difficult to end for the aggressor’s leadership. The reserves will be a bandaid solution, but with the continuous bombing of resources from Iran and the USA, stocks are going to reel hard as resources get scarce, exacerbated by the US’ god-awful production capacity. We’ve been dependant on imports for resources, which is why the tariffs were so devastating. This has the capacity to be so much worse for so much longer.
This isnt a 🌮 situation either, the US has been pretty friendly to Israel, evem without considering 🥭’s opinion on it. The administration is openly ready to burn their political capital on this campaign
13 Comments
Welp, it’s all done. Pack it up
I’m not opposed to governments doing this, but unless the Strait of Hormuz is reopened, this is just a band aid solution. Reserves aren’t infinite. However, markets seem to like it, so calls it is for me.
Did anyone else have parents with a coin jar? Can you imagine if after a bad week, they just went and smashed it with a hammer?
Be honest. Who here fomo bought USO at 130 this morning?
Maybe if they pour all the oil in the strait it can kind of hide the tankers like squid ink.
Might pick up some sco today to scalp before oil goes back up again later this week
Shooting their load a bit early here.
The US doesn’t have any…….we literally didn’t refill our strategic oil reserves even though we started this war……
what if we closed at *the lows* 🕳️
First rug before they say they decided on limited quality to ensure self-sufficiency(bs), then they’ll suddenly release a bit more to rug a 2nd time, then they’ll keep milking it until they decide to crash it for good with a cleared strait+oil reserve release
If nothing else it’s showing how speculative oil is atm as this does very little to actually mitigate the issue long-term. I have seen nothing to convince me this is getting resolved any time in the next few months.
This is like those stimulus checks in 2008 that didn’t matter in the long run and barely anyone remembers. Until the root cause is addressed, oil will go higher.
Im aware that this is conspiracy territory, but Im positive that this war is Israel’s last gasp at dominating the middle east given the circumstances: the most pro-israel administration they can hope for, Europe’s complacency, and borrowed time, since Israel’s popularity with people worldwide is dimishing insanely fast.
It’s gonna be like Russia’s war on Ukraine: long, painful, and difficult to end for the aggressor’s leadership. The reserves will be a bandaid solution, but with the continuous bombing of resources from Iran and the USA, stocks are going to reel hard as resources get scarce, exacerbated by the US’ god-awful production capacity. We’ve been dependant on imports for resources, which is why the tariffs were so devastating. This has the capacity to be so much worse for so much longer.
This isnt a 🌮 situation either, the US has been pretty friendly to Israel, evem without considering 🥭’s opinion on it. The administration is openly ready to burn their political capital on this campaign