Bokabok

[Bokabok @BigStormNorm]

@davidaxelrod @POTUS Wishful thinking. How about the Dem Senate candidates relationship with Piker?

[Bokabok @BigStormNorm]

@davidaxelrod @jmart @davidaxelrod would you recommend that the dem candidate for senate in Michigan do more to distant himself from anti-Semite influencers? Or, would you be ok voting for his if you were a Michigan resident without further distancing on his part?

[Bokabok @BigStormNorm]

@zerohedge @grok please explain this post in layman’s terms

[Bokabok @BigStormNorm]

@OddStats @grok @grok what would be some appropriate investment allocations in order to avoid losses if another large crash happens like in 1929?

[Bokabok @BigStormNorm]

@OddStats @grok is this information accurate

[Bokabok @BigStormNorm]

@EconBerger I agree.
I inferred such from your post when I originally read it. Post deleted.

[Bokabok @BigStormNorm]

@carlquintanilla

[The Kobeissi Letter @KobeissiLetter]

The numbers behind the US-Venezuela oil deal:

Venezuela has now confirmed that the agreement covers 65 billion barrels of oil across 17 fields, with the US receiving "majority control."

At current WTI crude oil prices of ~$83/barrel, those reserves have a gross market value of ~$5.4 trillion.

Reports indicate the deal includes 100-year rights to develop the fields, while the US will receive 55% effective output, along with an ownership stake and rights to purchase oil at cost.

At 55%, that would correspond to ~35.8 billion barrels of effective output.

At today’s oil prices, that amount of crude alone has a gross market value of ~$3 trillion.

That said, Venezuela primarily produces heavy, sour crude, which typically trades at a meaningful discount to benchmark oil prices and requires more expensive production, blending, and refining.

Even assuming an illustrative $25-$35 of net economic value per barrel after discounts and development/operating costs, ~35.8 billion barrels could represent up to ~$1.25 trillion of cumulative economic value over the life of the fields.

This includes a $100 billion investment to develop these fields, while Venezuela estimates the projects will generate $209 billion in tax revenue for the country.

This is one of the biggest energy deals in history.

[The Kobeissi Letter @KobeissiLetter]

The numbers behind the US-Venezuela oil deal:

Venezuela has now confirmed that the agreement covers 65 billion barrels of oil across 17 fields, with the US receiving "majority control."

At current WTI crude oil prices of ~$83/barrel, those reserves have a gross market value of ~$5.4 trillion.

Reports indicate the deal includes 100-year rights to develop the fields, while the US will receive 55% effective output, along with an ownership stake and rights to purchase oil at cost.

At 55%, that would correspond to ~35.8 billion barrels of effective output.

At today’s oil prices, that amount of crude alone has a gross market value of ~$3 trillion.

That said, Venezuela primarily produces heavy, sour crude, which typically trades at a meaningful discount to benchmark oil prices and requires more expensive production, blending, and refining.

Even assuming an illustrative $25-$35 of net economic value per barrel after discounts and development/operating costs, ~35.8 billion barrels could represent up to ~$1.25 trillion of cumulative economic value over the life of the fields.

This includes a $100 billion investment to develop these fields, while Venezuela estimates the projects will generate $209 billion in tax revenue for the country.

This is one of the biggest energy deals in history.

[Bokabok @BigStormNorm]

@carlquintanilla @richardbranson I really thought Carl was smarter than this. This is petty and emotional. In no way substantive. Emote better Carl… emote better….. and maybe more in private.

[Bokabok @BigStormNorm]

@carlquintanilla https://t.co/kX7rSjlNB8

[Bloomberg @business]

Oil flows through the Strait of Hormuz have recovered to around two-thirds of pre-war levels, limiting the Iran war’s impact on global crude prices, according to Goldman Sachs https://t.co/HB0bmMGHEW

[Bokabok @BigStormNorm]

@carlquintanilla @BobEUnlimited I agree.
But you still haven’t said anything nice about the current administration.
Try it… will be therapeutic for ya.

[Bokabok @BigStormNorm]

@carlquintanilla @RobinWigg Still waiting for JUST ONE NICE THING FROM YOU ON THIS ADMIN! Just 1!

[Bokabok @BigStormNorm]

@carlquintanilla @washingtonpost I guess today isn’t the day that Carl can find one thing nice to say. Maybe tomorrow?!?!?

[Bokabok @BigStormNorm]

@raghu_venugopal @carlquintanilla @USAmbCanada Carl… just one nice thing…. Please!

[Bokabok @BigStormNorm]

@carlquintanilla @WSJopinion Has Carl ever seen and posted anything good about the President?

[dog @Dog__Dog0]

Only a few can master the force...

[Bokabok @BigStormNorm]

@AnthonyGriz @FaceTheNation She is trying too hard. A bit sad…. For her and the show / network.

[Bokabok @BigStormNorm]

@carlquintanilla @politico Is this news? Happens in every administration regardless of political party.

[Bokabok @BigStormNorm]

@jimcramer They need bigger crates…. Especially the beaut on the right!

[Bokabok @BigStormNorm]

@carlquintanilla @FT Bessent is only the current person holding the National Debt hot potato… and doing his best not to drop it. The $40T is owned by both parties…. Including every person who served as President or in Congress in the last 25-40 years. Bessent doing his best with a bad hand.