President Trump said the U.S. Navy will begin blockading ships from entering or exiting the Strait of Hormuz and intercept vessels that have paid tolls to Iran.
Not really insider at this point. The insider part right now is that all the forces of capital are doing what they can to keep oil prices low. With the disruption that we have had so far it should be significantly higher to reduce demand down to actual supply. And, at a certain point, it becomes an entirely non elastic demand as critical infrastructure of entire countries can’t be maintained.
Shit is not gonna go well. I’m in Seoul South Korea now and I’ve already seen a reduction in energy usage by the state. They had a lot of moving pathways and escalators turned off in the subways this weekend. We’re gonna see much more of things like that VERY VERY quickly. Buy some solar panels.
Trump: Dang, I can’t make the price of oil go down.
Also Trump: Hey, what if I intentionally make it go up some more so my buddies can do more insider trading?
Not really insider at this point. The insider part right now is that all the forces of capital are doing what they can to keep oil prices low. With the disruption that we have had so far it should be significantly higher to reduce demand down to actual supply. And, at a certain point, it becomes an entirely non elastic demand as critical infrastructure of entire countries can’t be maintained.
Shit is not gonna go well. I’m in Seoul South Korea now and I’ve already seen a reduction in energy usage by the state. They had a lot of moving pathways and escalators turned off in the subways this weekend. We’re gonna see much more of things like that VERY VERY quickly. Buy some solar panels.