They say $300 oil a possibility if supplies are shut down from Russia!!

I do not want to say dig own grave. But clearly this is shooing own foot or feet.

I would expect Democrats lose badly in the mid-term elections. They completely lose touch with the reality. American people care more about school, health care, crime, high tax rate and high inflation. How many people care about the empty "democracy" and Build Back Better?

Why in this era, we still have to shout Black Life Matter, White Life Matter or All Life Matter? That is all written in the Constitution. Trump had his own problem. But we need to bring back the "American First".
 
OptionsOptionsOptions said:
Trudeau is anti-Canadian oil industry and would rather buy foreign oil than support Canadian oil.
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Well in this situation, it's Biden that cut off the Keystone Pipeline project, not Trudeau. It's Biden who would rather buy foreign oil from the other side of the planet instead of getting them from the next-door neighbour, Canada. For what? For international leverage to keep peace? This is what wussies like Biden don't understand. Peace cannot be bought; peace needs to be defended and maintained. The wussier you are, the less you will be able to have peace.
 
RedSun said:
Think about this. West supplies advanced weapons to the lawless Syria and Ukraine. Some of the volunteers are extremists. Now West Europe wants to build LNG terminals and want to ship all the LNG from Saudi and UAE etc. All those ship have to pass through Red Sea, Suez Canal etc. It will create more supply bottleneck. We all remember the days Suze Canal was blocked.

What is going to be the European energy security? And you get open border and all the weapons out there.
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Putin propagandist getting desperate.
 
RedSun said:
If we look at the energy trade data, US imports almost no natural gas from Russia. I do not know the oil import data. But it does not make sense for US to import directly from Russia. Some of the Russian oil cargo may have changed owners a couple of times from Europe. Some of those cargo may have ultimately arrived at US.

All oil refineries use specific grade of crude oil. They can't just switch to different crude on the flight.

I believe most of the "Russian" energy products are probably gasoline blending components. Russian crude oil gets processed in Europe. But Europe does not need all the gasoline. So US imports a lot of the gasoline from Europe. The original source of this gasoline import is from Russia. The importers can easily switch the original source to Norway or North Sea.

The US ban on Russian energy really has little impact on US crude oil supply. The $25 crude oil run-up is really unwarranted. I would be a seller of WTI anywhere above $120. Even above $110. Should not even be above $100.
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You would have made ton of US $$$ had you listened to my advice.

Now WTI CL is down $7.70.
 
I may have over-panicked at closing out my naked calls, but at least I can sleep better at night now. Haha.

In all honesty, NO ONE knows fuck-all about where oil is headed. I've watched expert after expert on CNBC etc. all give different theories and conflicting advice on this. Kinda reminds me of flip-flop Fauci.


So good luck to those who think they've got it all figured out.
 
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