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Iran: Nuclear Incident


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You voted for no war.  Trump brought war.     You voted to root out and expose corruption.  Trump has been the most openly and shamelessly corrupt President in US history.    You voted t

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On day one, Trump and Hegseth stated very clearly they anticipated the entire operation would take 3-4 weeks 

 

Six weeks later the Strait of Hormuz has been shut down and remains closed, supply chains and global oil markets are in turmoil, and fuel prices are skyrocketing everywhere…. none of which Trump or Hegseth anticipated.  
 

Aside from blowing up a bunch of stuff  and killing a number of leaders, the United States has accomplished nothing and is no closer to reaching any goals that would benefit the United States.

 

All for the low low price of only $100-150 billion… paid for by US taxpayers.

 

And not only is there nothing to show for it…we’re going in the wrong direction.   Because Trump and Hegseth failed to anticipate what every other country has known for years.

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Have to say it's an interesting development that oil dropped today. The world is shuttering its economy forcing demand down. The repercussions will be dramatic...next year. If gas prices drop it'll be seen as a win by the idiots. 

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22 minutes ago, IsntLifeFunny said:

Have to say it's an interesting development that oil dropped today. The world is shuttering its economy forcing demand down. The repercussions will be dramatic...next year. If gas prices drop it'll be seen as a win by the idiots. 

I think I read the crude oil demand right now is as low as it was during the worst of covid. Part of that is probably hope that this is temporary and things that require the purchase of crude can be delayed until the situation eases. The difference is this is much more under control than a pandemic, but that doesn't mean it will stop any time soon of course. And the demand surge once things resume will be epic.

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https://www.msn.com/en-us/money/markets/what-this-real-world-oil-price-says-about-the-level-of-stress-in-the-energy-market/ar-AA20z116?ocid=BingNewsSerp

 

This article is 4 days old. But it points out the difference in the futures price (June) that is typically quoted in the media and dated Brent which is oil for immediate delivery.  There is a large gap.

 

Bottom line, the June futures price is substantially lower than the price of oil in current contracts.

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