Jenna 🇺🇦

Here to learn. Economics, finance, politics, history, crypto. Anti-authoritarian.

[Jenna 🇺🇦 @BoomBoomMeow__]

Bear thesis: Trump can't TACO.

That's it.

[Jenna 🇺🇦 @BoomBoomMeow__]

@MazMHussain https://t.co/ivZkvKtXEJ

[Jenna 🇺🇦 @BoomBoomMeow__]

Bear thesis: Trump can't TACO.

That's it.

[Jenna 🇺🇦 @BoomBoomMeow__]

@GavMcCracken Brent price is starting to gap overnight

[Jenna 🇺🇦 @BoomBoomMeow__]

@carlquintanilla @RapidanEnergy Was very easy to see from the beginning

https://t.co/ivZkvKtXEJ

[Jenna 🇺🇦 @BoomBoomMeow__]

Bear thesis: Trump can't TACO.

That's it.

[Jenna 🇺🇦 @BoomBoomMeow__]

@calvinfroedge Throw up a poll asking everyone how much of their money oil bears deserve to lose.

[Jenna 🇺🇦 @BoomBoomMeow__]

@acemoney21 They've been up on trading revenues

[Jack Farley @JackFarley96]

Alphabet Free Cash Flow this qrtr OFFICIALLY NEGATIVE

$GOOG $GOOGL

[Jenna 🇺🇦 @BoomBoomMeow__]

@3PeaksTrading $99B gain on equity securities?!?

[Lukas Ekwueme @ekwufinance]

Brent premium for prompt delivery is surging.

It's up 22% today.

In just one month, it went from -$0.50 to +$12.46/bbl.

This move is absolutely unprecedented.

It's not just refined products... The physical oil market is extremely tight.

[Jenna 🇺🇦 @BoomBoomMeow__]

@ekwufinance And we have fewer ships to carry it.

[Jenna 🇺🇦 @BoomBoomMeow__]

@rev_cap This isn't even a threat though. It's already been happening.

[Jenna 🇺🇦 @BoomBoomMeow__]

@PauloMacro Seems like they're already doing plenty of laying down

[Jenna 🇺🇦 @BoomBoomMeow__]

@RhoRider https://t.co/ivZkvKtXEJ

[Jenna 🇺🇦 @BoomBoomMeow__]

Bear thesis: Trump can't TACO.

That's it.

[Jack Prandelli @jackprandelli]

🚨🛢️The DOE just redefined the SPR's floor.

Not 250 to 300 million barrels, the level industry has always treated as the practical limit.

Now it says the true cavern mechanics floor is roughly 70 million, tripling the theoretical emergency cushion to about 246 million barrels.

The reserve is at 311.4 million, the lowest since 1983, after shedding more than 104 million barrels since February.

Here is the problem with the new math.

A July GAO audit found the SPR can only draw down at 61% of its intended rate and refill at 56%, after a delayed 1.4 billion dollar overhaul.

The agency's own words: operational capability to meet mission demands is at risk.

Whatever the caverns theoretically hold, the pumps move it at barely half design speed.

The floor matters less than the flow.

source @MarioNawfal

[Jenna 🇺🇦 @BoomBoomMeow__]

@DonMiami3 Yeah but we just lost like 5mbpd from BaM and we're only pulling out like .7 mbpd

[Jenna 🇺🇦 @BoomBoomMeow__]

@DarioCpx No one is shorting it and the hedge funds are the ones selling them the calls

[Jenna 🇺🇦 @BoomBoomMeow__]

@DarioCpx Yikes. Nikkei also putting in a big ugly rejection candle off the bottom of its lower trendline

[Jenna 🇺🇦 @BoomBoomMeow__]

Pretty brutal rejection candle on #Nikkei #usdjpy

[Jenna 🇺🇦 @BoomBoomMeow__]

@MerruX The real question is whether they can get in though. If they can't production has to be shut in.

[Gary Stevenson @garyseconomics]

£24 billion a year is not enough

[Jenna 🇺🇦 @BoomBoomMeow__]

@RhoRider They can't pump it out quickly enough to balance out the drop in supply.