@HFI_Research even though the models say it’s not that important, you also implicitly say the dramatic drawdown is not that relevant. The volumes still goes somewhere, the same volume is not available for the market anymore. 🤷♀️
Cushing is not that important.
I’m going to repeat again: it is NOT that important.
PADD 2 gets constant crude flows from Canada. It is essentially a form of SPR. These Canadian heavy oil barrels have NOWHERE to go. They can only go to the US because Canadian politicians are dumber than a bag of cookies.
And since US crude oil production is near 13.7 million b/d, the US is self sufficient in the barrel counting sense, but not the crude quality sense.
@Rory_Johnston So there is more crude in the market now, than it was before closing of the strait? What a time to be alive in. We sure not every hedge fund has outsourced trading decisions to Ai? 😆
They always say market is correct and forward looking 👀. Market psychology a major factor. Markets is not irrational at any time? Market is always right, because the markets decides if i profit or loose. Front run markets is more right or less wrong
Are you not entertained? 😉
@JavabearFJB@Tyler_Neville_ Sounds terrible to live in Europe 😉
We must be doomed. Yea nah, now I’m confused. You’re narrative doesn’t fit with what i observe, but we’re probably brainwashed and don’t encourage critical thinking in our educational institutions, and in the society in general 🙈
Nice day sir
@JavabearFJB@Tyler_Neville_ Europe and U.S used to be close friends. The polarisation had become destructive. As this statement is an example of. Collective Europe has increased spending on defence budgets within the NATO requirements. Europe do not trust U.S to comply with NATO commitments anymore . Sad
AI energy, materials and water needs might be the catalyst for the 4th turning kicking into high gear. Might turn out that human workers will be cheaper than AI, given resource limitations.
Imagine that!
@Jesse_Livermore My favourite insult to the stupid Ai is «and you are supposed to drive cars»
It’s a flop, an expensive useful flop, a narcissistic search engine on cocaine.
With some extra features.
Smaller revolution than electricity and combustion engine. Internet was also bigger 🤷♀️