I’m glad you said this. For the record, I don’t understand shit about oil. I don’t even know what a ‘future’ is.
I am a person driven by patterns, however. And I actually have this sub in my feed because I watch it for patterns. This is a pattern. And again, I have zero idea what that means (I’ve never bought a stock or whatever) but it’s there. And if pattern is meaningful to y’all? There is one.
mullsies on
I predict a twist – the Iranians will get in on the Market Manipulation of their own.
RaechelMaelstrom on
The problem that nobody is talking about is that the longer this goes on, the worse it’s going to get. It’s not reflected really in the futures price, but since demand is outpacing supply, because supply has been cut off, everyone is eating through reserves and relying on shipments already on the water. There’s also been a fair amount of destruction to other oil infrastructure (refineries, and shut off wells). All of this is an accelerating train.
Then there’s Trump, who’s only real tool is lying and pushing things off a few weeks. So he either does nothing, making it worse, or escalates the war, making it worse.
Either way, this is bad, and it’s going to get worse. Don’t let the manic market manipulation fool you. Reality can only be ignored for so long.
Just remember what happened to inflation and supply chains when the Suez was blocked for a few weeks. And that wasn’t in a war zone, nor did a lot of energy flow through it.
6 Comments
You forgot to add
Friday: PROFIT!!!
[deleted]
Tacos are on the menu
I’m glad you said this. For the record, I don’t understand shit about oil. I don’t even know what a ‘future’ is.
I am a person driven by patterns, however. And I actually have this sub in my feed because I watch it for patterns. This is a pattern. And again, I have zero idea what that means (I’ve never bought a stock or whatever) but it’s there. And if pattern is meaningful to y’all? There is one.
I predict a twist – the Iranians will get in on the Market Manipulation of their own.
The problem that nobody is talking about is that the longer this goes on, the worse it’s going to get. It’s not reflected really in the futures price, but since demand is outpacing supply, because supply has been cut off, everyone is eating through reserves and relying on shipments already on the water. There’s also been a fair amount of destruction to other oil infrastructure (refineries, and shut off wells). All of this is an accelerating train.
Then there’s Trump, who’s only real tool is lying and pushing things off a few weeks. So he either does nothing, making it worse, or escalates the war, making it worse.
Either way, this is bad, and it’s going to get worse. Don’t let the manic market manipulation fool you. Reality can only be ignored for so long.
Just remember what happened to inflation and supply chains when the Suez was blocked for a few weeks. And that wasn’t in a war zone, nor did a lot of energy flow through it.