Energy Sector

[Spekulatius]

12 minutes ago, Marco Van Basten said:

Can they be buried underground?  

Yes, but it takes longer and is more expensive. The substations are large and I don’t think they can be simply put underground and hence still could be targets. They can be hardened against drone attacks.

[SharperDingaan]

1 hour ago, Marco Van Basten said:

Can they be buried underground?  

 

Not much point when the pipe itself, and oil storage facilities are all above ground. Pipe just changes the egress point; if that egress is subsequently blocked, the pipe becomes 'shut-in' and pretty useless.

 

Also keep in mind that the much touted Iran/US MOU is not the end of the war either, it is just a temporary cease fire and rounds of nuclear negotiations at some targeted future date. Other than rotation, it is unlikely that most of the US task force and aircraft are returning home anytime soon.

 

SD

[Stuart D]

Change of tune from chevron CEO, now saying oil markets might now be ok until September.

Edited 12 hours ago by Stuart D

[ratiman]

If we get a 60 day window why wouldn't everybody scramble to top up their inventory? We might go right back to a blockade after 60 days and presumably China and US won't be drawing down SPRs during the 60 day window, if anything they will be building them back up. So if that is the case why wouldn't oil go UP if there's a deal? 

Edited 1 hour ago by ratiman