Amrita Sen, co-founder and director of research at Energy Aspects, says oil demand is surprising to the upside while the market for oil products remains tight. She speaks on “Bloomberg Surveillance.”
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Oil, gas and mining
25 Comments
Enriching filthy oil mobs so they can buy lambo and foot clubs everyday while let poor kids starving to death & no school for them is not right. WTF is wrong w the world ???
AGAIN AND AGAIN ONLY SAFE HAVEN ASSETS ARE GOLD + OIL GAS COAL AGAINST US$ + IMF SDR(S)!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
DO THE MATH THAT NOW US T – DEBTS ESP SHORT END DEBTS HOVERING AROUND +5% RANGE IN OTHER WORDS —— > US CANNOT STOP SPENDING MORE AND MORE AND MORE AND MORE AND MORE AND MORE AND MORE FURTHER AND FURTHER AND FURTHER AND FURTHER IN COMING MONTHS AND YEARS!!!!!!!!!!!!!!!!!!!:)
< —— > RISING COSTS OF OIL GAS PRODUCTIONS + THE ENTIRE COMMODITIES MEANS ——- > THE OPE+ AND US SHALE INDUSTRY HAVE NO OTHER OPTIONS BUT TO FURTHER AND FURTHER AND FURTHER CUT THEIR PRODUCTIONS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
INDEED MATH IS VERY SIMPLE THAT AS I'VE SAID MANY TIMES ALREADY THAT MORE AND FURTHER AND FURTHER AND FURTHER MOUNTING AND MOUNTING AND MOUNTING DEBT IS THE BIGGEST EVER IMPETUS TO PUSH UP AND UP AND UP AND UP THE SUPER CYCLE OF THE COMMODITY AND NOW US CHINA EUROPE JAPAN AUSTRALIA NZ KOREA TAIWAN CANADA SWISS EVERYWHERE IS IN DEBT ARMAGEDDON NOW MEANS THERE WILL BE MORE AND FURTHER LONG LASTING COMMODITY SUPER CYCLE ESP LED BY GOLD + OIL GAS COAL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
THE NUMBER '2' IS THE KEY OF TODAY'S JACKSON HALL THE FED CHAIR POWELL'S SPEECH THAT AS HE EMPHASIZED SOOOOOOOOOOOOO MANY TIMES DURING FOMC MEETINGS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
IF POWELL STILL STICKS TO +2% NEUTRAL INFLATION TARGET MEANS THERE WILL BE MORE INTEREST RATE HIKING COMING BUT IF HE DROPS +2% INFLATION TARGET MEANS US FED WILL ALLOW HIGHER INFLATION IN THE ECONOMY MEANS LATER SOOOO MUCH MORE DEVASTATING SITUATION HURRICAINING THE ECONOMY!!!!!!:)
IN OTHER WORDS THE TOTALLY LOST CREDIBILITY FED IS IN A HUGE STALEMATE SITUATION THAT DO THE MATH!!!!!!!!!!!!!!!!!!!!!!!:) IF THE FED STOPS INTEREST RATE HIKING CYCLE THEN THERE WILL BE MUCH MUCH MUCH MUCH MORE DEBT ARMAGEDDON + MORE AND MORE AND MORE AND MORE INFLATION HURRICANING THE ECONOMY BUT US$'S POSITION AS THE BIGGEST TRADING CURRENCY WILL BE PROLONGED A BIT FURTHER FROM HERE HOWEVER BETWEEN 2ND Q AND 3RD Q NEXT YEAR 2024YR FED MUST START ITS INTEREST RATE HIKING CYCLE AGAIN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
HOWEVER IF FED KEEP HIKING ITS INTEREST RATE FROM HERE THEN ——- > WE WILL SEE THE 1ST TIME DEFAULT OF US T – DEBTS BETWEEN THE 4TH Q OF 2023YR TO THE 1ST HALF OF 2024YR AT THE EARLIEST SIMULTANEOUSLY WITH LOSING THE US$'S POSITION AS THE BIGGEST RESERVE CURRENCY!!!!!!!!!!!!!!!!!!!!!!:) < ——– > INDEED EITHER WAYS US ECONOMY HAS NO EXIT TO GET OUT OF THE DEBT ARMAGEDDON SITUATION BECAUSE AGAIN AND AGAIN IT IS MATHEMATICALLY TOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO LATE TO FIX THE DEBT ARMAGEDDON SITUATION BUT HIKING MORE AND MORE AND MORE AND MORE INTEREST RATE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
AGAIN AND AGAIN NO CLEAN UP THE DEBT = NO ECONOMIC RECOVERY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
Always informative 👏
BREAKING NEWS!!!!!!!!!!!!!!!!!:) FED CHAIR POWELL JUST CONFIRMED THAT HE + FED WILL STICK TO +2% NEUTRAL INFLATION RATE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:) MEANS MORE AND MORE AND MORE AND FURTHER AND FURTHER AND FURTHER AND FURTHER INTEREST RATE HIKING IS COMING TO HURRICANE THE ECONOMY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:) MEANS WE WILL SEE 1ST US T – DEBT'S DEFAULT HAPPENING BETWEEN THE 4TH Q OF 2023YR TO 1ST HALF OF 2024YR!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
AGAIN AND AGAIN ONLY SAFE HAVEN ASSETS ARE GOLD + OIL GAS COAL AGAINST ——- >. BREAKING NEWS!!!!!!!!!!!!!!!!!:) FED CHAIR POWELL JUST CONFIRMED THAT HE + FED WILL STICK TO +2% NEUTRAL INFLATION RATE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:) MEANS MORE AND MORE AND MORE AND FURTHER AND FURTHER AND FURTHER AND FURTHER INTEREST RATE HIKING IS COMING TO HURRICANE THE ECONOMY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:) MEANS WE WILL SEE 1ST US T – DEBT'S DEFAULT HAPPENING BETWEEN THE 4TH Q OF 2023YR TO 1ST HALF OF 2024YR!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
AGAIN AND AGIAN SELL OFF STOCKS BONDS REAL ESTATES THAT STOCKS BONDS WILL BE MAKING MUCH MUCH MUCH MUCH MUCH MORE LOSSES THAN 2022YR IN 2023YR HOWEVER THIS YEAR WILL BE MUCH MUCH MUCH MUCH BETTER THAN 2024YR!!!!!!!!!!!!!!!!!!!!:)
P.S MOHAMED YOU ARE WRONG AGAIN THAT US ECONOMY IS ALREADY BEING SUPER ENTRENCHED BY STAGFLATION THAT'S ONE OF THE REASONS WHY FED KEEPS PURSUING THE +2% NEUTRAL INFLATION RATE!!!!!!!!!!!!!!!!!!!!!!!!!:)
AS I'VE SAID MANY TIMES ALREADY THAT US FED HAS NO OTHER OPTIONS BUT TO HIKE ITS INTEREST RATE INTO +7% -+8% THAT SHOULD HAVE DONE BY THE END OF 2023YR BUT IT WILL BE DONE BEFORE END OF 1ST HALF OF 2024YR!!!!!!!!!!!!!!!!!!!!!!!:)
AND ALSO NEXT YEAR WE WILL SEE 'THE STATE OF THE EQUILIBRIUM' BETWEEN FED FUNDS RATE VS US T – DEBT YIELDS THAT MEANS — > BOTH RATES WILL BE IN THE RANGE OF +7% – +8% HOWEVER IT WILL BE TOOOOOOOOOOOOOOOOOOOOOOOOOOOOO BEHIND THE CURVE!!!!!!!!!!!!!!!!!!!!!!!!!!!!:) US FED MUST OPEN ITS EMERGENCY FOMC MEETING IMMEDIATELY TO HIKE ITS FUND RATE INTO +7% – +8% RIGHT NOW THEN —– > OF COURSE REAL ESTATE SECTOR WILL BE COLLAPSED BUT IN THE LONG RUN US ECONOMY CAN BE SAVED BY THE SUPER STAGFLATION MEANS US ECONOMY IS NOT GOING TO BE ' LATINAZATION' AS I'VE WARNED OF IT MANY TIMES ALREADY!!!!!!:)
AGAIN DO THE MATH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:) HIKING OF EITHER +25BP OR + 50BP FROM FED'S SEP FOMC MEETING IS A DONE DEAL THING!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
AS I'VE SAID MANY TIMES ALREADY THAT THE OPEC+ AND US SHALE INDUSTRY HAVE NO OTHER OPTIONS BUT TO CUT MORE AND MORE AND MORE AND MORE AND MORE AND MORE AND FURTHER AND FURTHER AND FURTHER AND FURTHER AND FURTHER THEIR PRODUCTIONS BECAUSE OF SOARING UP AND UP AND UP AND UP AND UP AND UP AND UP OF PRODUCTION COSTS FROM HIKING INTEREST RATES THAT WILL BE MUCH MUCH MUCH MUCH MUCH HIGHER THAN MARKET'S EXPECTATIONS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
WOW!!!!!:) BREAKING NEWS!!!!!:) NOW JAPAN YEN IS AT +146.53 AGAINST US$ MEANS AS I'VE SAID MANY TIMES ALREADY THAT JAPAN HAS NO OTHER OPTIONS BUT TO SELL OFF AND OFF AND OFF AND OFF AND OFF AND OFF AND OFF US T – DEBTS!!!!!!!!:) WOW NOW US 10YR YIELD IS + 4.2770%!!!!!!!!!!:)
DO THE MATH!!!!!!!!!!!!!!!!!! 🙂 US ECONOMY'S INFLATION IS NOW REBOUNDING MEANS WE ALREADY SAW THE BOTTOM OF US INFLATION IN JUNE AT +3.0% AND JULY WAS + 3.2% AND NOW FOR AUG IT WILL BE +3.6% – +3.8% IF THE US 10YR YILED AVERAGE FOR AUG + 4.25% +/- BASED ON + 80$ BB/LS OR IT WILL BE + 3.8% – +4.0% BASED ON + 4.1% AND +81$ – +82$ BB/LS!!!!!!!!!!!!!!:)
AGAIN AND AGAIN AS I'VE SAID MANY TIMES ALREADY THAT IT'S THE BIGGEST EVER TIME TO GO AN ENORMOUS SHORTS AGAINST STOCKS BONDS REAL ESTATE!!!!!!!!!!!!!!!!!!:) AGAIN AND AGAIN NOW US$ + US T – DEBTS ARE TOOOOOOOOOOOOOOOOOOOOOO RISKY ASSETS TO HOLD AGAINST GOLD + OIL GAS COAL!!!!!!!!!!!!!!!!!!:)
AGAIN AND AGAIN WHO IS BUYING THE T – DEBTS?!!!!!!!!!!!!!!!!!!!!!!!!!:) THE ANSWER IS NOBODY EXCEPT US BANKS + ITS FINANCIAL INSTITUTIONS MEANS THERE WILL BE MORE AND MORE AND MORE AND MORE AND MORE INFLATION HURRICANING THE ECONOMY!!!!!!!!!!!!:)
ONLY SAFE HAVE ASSETS ARE GOLD + OIL COAL GAS!!!!!!!!!!!!!!!!!!!!!!!!!!!:) ——- > FOR EXAMPLE) NOW ALL OF US SHORT TERM DEBTS FROM 1MONTH TO 2YR YIELDS ARE ALL IN THE +5% +/- RANGE MEANS —– > US CPI +3.2% – US SHORT TERM DEBTS YIELD + AVG 5.25 % RANGE (+5.0% – +5.5%) = TIPS NOW FINALLY (+) 2.05% +/- RANGE BASED ON 10YR + 30YR AGAINST +11% +/- GAINS OF GOLD PRICE SINCE THE 2ND Q OF 2021YR AS THE FED CHAIR POWELL EMPHASIZED THE CAMP OF ' TRANSITORY'!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
WHO DENIES THE FACT THAT + MORE THAN 86.88789% OF US BANKS + FINANCIAL INSTITUTIONS ARE BEING CONTAGIOUS BY THE DEBT ARMAGEDDON, AS WE CAN SEE FOR EXAMPLE) CREDIT CARDS DELINQUENCY RATE IN US ECONOMY HAS BEEN SOARING UP AND UP AND UP NOW IT IS +7.9%WOW!!!!!!!!!!!!!!!!!!!!!!!!:) THE HIGHEST EVER SINCE LAST SEVERAL DECADES!!!!!!!!!!!!!:)