Energy Sector

[Gregmal]

Was this just some roundabout way to steal the SOH...cuz starting a war, and then using the counterparty's response to then militarily seize the asset and then charge tolls is......a bit out there lmfao 

[SharperDingaan]

Sometime around the end of this month the US runs out of SPR reserves. Cushing (heavy oil) is already at below minimum level, with what's left as primarily sludge.

 

VZ heavy supply is still very limited, Russian is essentially now only for domestic use; leaving mostly just Mexican and Canadian. And the US formally advising that it wants out of CUSMA ...... the art of the deal.

 

The SOH now locked solid, and the Red Sea now under attack, there will be a lot less leakage covering shortfalls. China will also be reentering the market in the coming months. 

 

Absent a sudden change; one has to think that the line ups at the pump start happening by around mid September, maybe earlier. 

 

Hang on for ride 

 

SD

Edited 44 minutes ago by SharperDingaan