BP

How did we get here?

[🏴‍☠️ @calvinfroedge]

People just want to believe oil can't go higher, even though it hasn't made a new nominal high since like 2008

It's the first thing you get windfall taxes on, it's what every government wants to manage

So that's why it's always so absolutely hated no matter the circumstance

It also means that virtually everybody is blind to this time really being different

I think week after week of record draws during peak driving season will be...instructive

And I think crude will eventually make not only new nominal highs, but new inflation adjusted highs

This doesn't mean you should be long oil futures - they've taken great pains to remove every single speculator from the futures market - but I do think some producers offer good risk/reward

Anyway, the question of the crude price is really just "how long can civilization bullshit and delude itself until fundamental realities matter"?

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@CoronaSchmorona @MCCCANM No, not even close.

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@RonDeSantis Neither are the Beatles.

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@danielbraden18 Just had a conversation with a former survey buddy. We both agreed we'd be lost if you put us in the turbo 206 we used to fly.

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@hekyoda You can sample that reality. It's a place called San Francisco.

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@unusual_whales Is this the most 'no shit' statement ever made?

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@priscabdrO It's funny because the (truthful) implication is that the average rioter and/or looter is on the dole.

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@Geniustechw None. Consequences should be faced for defacing public property and obscuring road markings.

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@LeadingReport How long before Chine refutes this?

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@OfficialTourPro Anyone starting to think Scottie has weak ankles and poor balance? 😂

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@itsrosesm Why can't we just get the death penalty for any convicted rape?

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@EricLDaugh You're delusional.

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@LynneBP_294 Geezus, we're a fat f#ck nation.

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@AesPolitics1 Yeah, because Democrats have budgets, spending, productivity, and inflation nailed down. Blue city lower and middle classes are thriving. 😂

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@TevTalksMMA Yeah, that was a crazy comment. He's honestly all over the place with his comments these days.

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@SteveNomadic I've sat right seat to plenty of young captains at United. You're holding a bias for a stereotype that doesn't actually exist. 99% know they're fortunate.

You promote a negative stigma that hurts our perception because you think you're too good to join a new senority list.

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@NUCLRGOLF 3-iron punch shot.

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@cperruna ...few...

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@choffstein RSIT💪

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@choffstein 1 & 3, mostly.