Saudi Arabia is putting out 7 million bpd through the pipeline to the Red Sea. Oil production in the Americas are exploding.
Paying 4.10 a gallon today is like paying 1 dollar a gallon in 1980. It is amazing how the price of things other than housing are roughly the same when you take into account inflation.
Thx Mark, great report. Hope won’t increase the US SPR. At the current drawdown of 1 million bpd, the floor will be reached in about 3 months. The possibility of Hormuz traffic returning to prewar levels in the next 90 days is increasingly remote.
Dammit we only bomb after the market closes on Fridays. Monday morning is for announcing ceasefires and open Hormuzzes. This is just wrong! How do they expect us little guys to make a buck on their market manipulations if they don’t stick to the plan?
He is right about one thing the government printed trillions sending the markets and the National debt to all time highs in your devalued Dollar. Welcome to the $100 dollar cheeseburger.
watch the bond market, not the stock market. 30 year at 5.1%
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Paying 4.10 a gallon today is like paying 1 dollar a gallon in 1980. It is amazing how the price of things other than housing are roughly the same when you take into account inflation.
Although it is not as long as the longest 24 hours still going on today.
Very confused for 60 days already.
Now what?