As we all know, the price of oil is a parameter in the cost function of virtually every product and service. This war will end, not when Trump gets tired of it, but when the Iranians decide they've hurt the world economy so badly the West will never try this again. And as I pointed out at the start of this war, the Iranians can keep the Strait closed for months if not longer. This will raise interest rates, which will knock the legs out from under the private credit market. https://oilprice.com/Energy/Energy-General/The-Cushion-Is-Gone-and-the-Oil-Market-Is-Now-Exposed.html
WTI Midland at $103 and You Ain't Seen Nothin' Yet+!
byu/Neither_End8403 instocks
Posted by Neither_End8403
3 Comments
“As I pointed out at the start of this war…” Who are you, exactly?
I wouldnt bet against the white house..trump NEEDS the market higher. He will make sure he does what he needs to do to make it so
Does anyone know what’s the news about peace talks that was about to happen this weekend? Trump first term was also chaos but that was nothing compared to the second term. He is trying to push whole world economy into recession.