@michaeljburry@FroehlichThors1 Because the FED is always late. And when they cut it means things are about to get really bad. If they aren't already bad.
@gnoble79 We trace the full consequence loop of the private credit funds impact on the economy. You might find this informative.
https://t.co/KbD8rCMZSs
Pretty much everything you would ever want to learn about the private credit market. And what its effects will be if we truly get a Cascade of fund insolvencies or Redemption gating
https://t.co/KbD8rCMZSs
@RazorOil Is that why Chevron and Valero instantly are going to jump up their Imports starting this March of Venezuelan heavy oil? Valero wants to take 200,000 barrels additional per day. How strange that this garbage oil is being sought after explain that.
Venezuela can produce oil for dirt cheap. If you're looking at some other cost work over or an expansion cost. Venezuela doesn't need to do that. It can keep pumping and compete with Canadian Oil directly all day at a $10 to $15 structural cost advantage
https://t.co/jSt1wSOhUF
@CRUDEOIL231 And they don't need to. They just need to ship 100 to 300 kbpd to pad3 refineries. And then they decide they need to clear those barrels so they undercut Canadian oil. Then Canadian Oil has to match the price. The work over is estimated at 2 to 3 years for 400kbpd additional.
"Canadian Oil will be fine".
No it won't. We have the full System Dynamics analysis to prove it. Marginal barrel pricing from Venezuela will create a cascade dynamic.
Other analysts = Narrative.
CIA Research Team = Numbers.
https://t.co/TGeHc4hidL
@michaeljburry Thank you for sharing this. We have published a new piece. It’s very engineering detailed and showing how the US won a critical non obvious wartime advantage. Have a read. This was a masterclass by the US administration either by luck or design.
https://t.co/SVfwaRChIa