No official word from them actually doing this, but I think it’s likely.
Infinite_Dress_3312 on
can we stop posting these jank “news sources”
ComeFriendOrFoe on
Just seen that. Jumped into every oil stock and some uso I could.
You seeing this, Veritatis-Cupitor?
Veritatis-Cupitor on
Yes. Heavily in UCO and BNO calls and SPY puts.
El_che07 on
Sell everything and monday we restart
mister_nimrod on
If they close Mendab, that’s another 10% of global oil supply off the table. That would be the worst oil crisis ever in terms of cumulative percentage of world supply taken away. Inflation adjusted, oil got to $160-170 in the late 70s. This should be fairly comparable, if not worse, though a lot of things have changed (i.e., US huge producer). Of course for an economy that just spent massively on data centers that suck energy, this could get even more rough.
7 Comments
No official word from them actually doing this, but I think it’s likely.
can we stop posting these jank “news sources”
Just seen that. Jumped into every oil stock and some uso I could.
You seeing this, Veritatis-Cupitor?
Yes. Heavily in UCO and BNO calls and SPY puts.
Sell everything and monday we restart
If they close Mendab, that’s another 10% of global oil supply off the table. That would be the worst oil crisis ever in terms of cumulative percentage of world supply taken away. Inflation adjusted, oil got to $160-170 in the late 70s. This should be fairly comparable, if not worse, though a lot of things have changed (i.e., US huge producer). Of course for an economy that just spent massively on data centers that suck energy, this could get even more rough.
https://www.marinelog.com/news/new-u-s-maritime-advisory-turn-off-ais-in-houthi-risk-area/