LogicalNumbers @LogicalNumbers
Retired CPA in ND. 42 years in various areas of corporate taxation. Yield junkie since 2003. Political junkie since 1968. Joined November 2013-
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@GardinerIsland @GeorgeManiereg @LtDickDowling If they have a brain they will. Iran will now close the SoH any time some country doesn't do what Iran wants it to. IRGC’s Tasnim Network: “Strait of Hormuz Must Remain Closed as Long as Israel Continues Its Aggression Against Lebanon and Violates Its Territorial Integrity"
This sounds like Trump admitting he never considered the likelihood / consequences of Iran closing the SoH??? And no plan to counter if / when they did??? Unbelievable! Absolute worst CiC in my lifetime except for the peanut farmer. cc: @GardinerIsland @LtDickDowling
🇺🇸🇮🇷 Trump admits why he had no choice but to end the war: "We would have run out of [oil] reserves in about 4 weeks."
LMAO! cc: @GardinerIsland
Thankfully no treaty signed at Versailles has ever created further problems.
@GeorgeManiereg @GardinerIsland @LtDickDowling Trump was clearly the best choice. What is so incredible to me is how unprepared Trump was for the consequences of attacking Iran. Not rocket science to know Iran would shut down SoH and what that would do to oil prices. Trump has made Iran most powerful oil producer on planet.
cc: @GardinerIsland @LtDickDowling @GeorgeManiereg @Dollar_Bill_100 @USRoute41 @stkbullgod
President Trump: "we run out of reserves in about 4 weeks." We have for months said that tank bottoms would be hit by ~ July 1st (and US SPR in August). We view the US/Iran MOU as total capitulation by the US... no firm doctrine of "no tolls" = a "closed" Strait of Hormuz.
cc: @GardinerIsland
Traders haven't realised yet that Cushing tank bottoms were reached LAST WEEK, and we are now already beyond that threshold - I believe they will realise soon when they won't find enough oil to settle their future contracts and the panic in the market kicks off
@DropSiteNews No shit, Sherlock. What did you think was gonna happen with Iran controlling the SoH? I haven't seen this degree of completely clueless planning and strategic stupidity since the peanut farmer in the late 70s.
This woman says, “I’m just gonna come right out and say this as a White girl. It is not the color of your skin that we are tired of. It is your culture. It is the way you behave. And you can call me racist all you want to. We are tired of the loud, violent ghetto culture that seems to be primarily from people of color. It is not the color of your skin”. For years, White people have been fed a false narrative that tells us to ignore pattern recognition and to go against our gut instinct to stay away from things that harm us because it’s considered ‘racist’. Pattern recognition is not racism. It’s a fundamental part of our biological makeup. The terms ‘racist’ and ‘White supremacy’ have been weaponized against White people to stop us from being proud of our history/culture and to make us feel shame and guilt for the past. And they call us ‘racist’ to justify their violence against us We don’t care if we’re called racist anymore. Preserving our safety and way of life is all that matters now. 🎥Credit TikTok: autumnwitbeck
Duh.... Trump just realized this a couple weeks ago? Double palms to face. Worst CiC in history except for the peanut farmer. cc: @GardinerIsland @LtDickDowling @Dollar_Bill_100 @USRoute41 @stkbullgod @IncomeTrader
Trump says he took Iran deal to prevent economic calamity: “If we didn't do this deal, we could have dropped more bombs for another three weeks, two weeks, four weeks, two years…You would never have the Hormuz Strait open…Your market would have, instead of going up…would go
@GardinerIsland They don't "know" anything about oil fundamentals. They are just guys sitting in offices in front of computer screens trading paper barrels. They "believe" in a Trump miracle that is not going to happen. The MOU may or may not be signed. It won't matter.
@USRoute41 That Trump never thought of the consequences of Iran closing the SoH for months, then Iran asserting complete control over transits & the US unable to prevent that is strategic stupidity of the highest order. Military destruction was his only path to winning & he didn't take it.
@USRoute41 Rubio advised against attacking Iran and he has kept his distance from Trump & Vance while they spout how we hold all the cards. Trump's only leverage is resuming the military campaign and he is not about to do that b/c he wants SoH open at any cost.
🎯🎯🎯🎯 cc: @GardinerIsland @LtDickDowling @Dollar_Bill_100 @stkbullgod @USRoute41 @IncomeTrader
I have a strong gut feeling that, 2 weeks ago, Trump was informed about oil inventories approaching critically low levels, forcing the price to snap back to reality because soon there won't be enough to fulfill all the demand. Since then, he has done all he could to "reopen" the
@LtDickDowling @GardinerIsland And why the MOU has not been released by Trump. It is so bad for US & Israel. Iran got everything they wanted. Iran sells oil, all Iran assets held by US released, added $300B to rebuild missiles / drones, etc etc etc. Trump folded like a cheap suit. Far worse than Obama JCPOA.
@GardinerIsland The 14 point MOU is on BB, other news sites. Close to the one released by Iran last week = complete cave by Trump. He has out-done Obama in selling out the US & Israel. Complete shit-show for US & Israel. Trump lost this war/conflict.... big time. Iran will be stronger than ever.
Import poverty; romanticize illegal immigration; demonize the middle class; drive out private-sector capital; and exempt elites from the consequences of their own ideology—and you’re left with a state where democracy dies, along with everything else. victorhanson.com/is-california-…
@GardinerIsland Both $NML & $TYG have similar leverage, ~21%. Their discounts are not far apart, their holdings are pipelines, although $TYG holds more low yielding utilities. So how in hell does $TYG yield 13+% and $NML 8+%? The only way there can be that spread is $TYG paying out way more ROC.
@GardinerIsland @calvinfroedge @robin_j_brooks Your guess is as good as mine. This is all a shell game. Drawing on inventories is not increasing supply via production. Then there is ? of SoH transits, which is very questionable. If you owned a VLCC + cargo + crew worth 00s of millions, would you go back in there once out?
@GardinerIsland @calvinfroedge @robin_j_brooks The primary reason for the price of oil right now is massive SPR releases by US & China. They cannot go on forever. Cushing is near its tank bottoms. When the US & China SPRs hit their operational tank bottoms, the delusion that oil is going back to pre-war prices will be over.
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