@CRUDEOIL231 This is bullish for petrochemicals. Because part of China choking off imports means a shortage of PE and PP. Meanwhile prices of feedstock remain contained in America's. So spreads widen out more than expected.
@haaretzcom If you want to charge him of being antisemitic, just say it. It's not true, so you can't say it. So instead you do this passive aggressive nonsense that only works with dying boomers.
@CBSNews Everyone who works at ZBS should be ashamed of themselves. You are an embarrassment to your country and your profession and your family. Embarrassing af.
@EpsilonTheory@chigrl@CommodMkt Ie - 1m b/d from USA private stocks, China SPR 5m b/d. Japan SPR 1m b/d. USA SPR 1m b/d.
For each 1m b/d storage supply that ends, increase price by 15%-20%. You get to $300/b when all storage flows end. But they run out at different times. Hence the price-time curve.
@EpsilonTheory@chigrl@CommodMkt Operational requirements are 380m barrels. Current barrels is 435m barrels. Losing about 1m b/d. It's 55 days +/-. Ie the end of July.
You can do this exercise for each of the storage buckets supplying market. Then assume price elasticity. And you can build a time-price curve.
@Rory_Johnston I have offered my atf escort $30 for a trip to santorini. If we get this deal, it's going to be a home run for my dick.
Narrator: the home run deal was never in the table; she just feigned interest until the hour was up.