@gnoble79 Utter nonsense. China produces around 5 million b/d. They’re one of the top oil producers worldwide. If you are unaware of such a basic fact you should not be prognosticating about energy dynamics.
@calvinfroedge You must be slow. The buyer wants oil - they just can't find anyone to transport it to them. Conclusion is exactly the opposite of what you are trying to insinuate. Demand is there, logistics are still messed up. Your short shekels will provide fuel for the upcoming rally.
@SafeGamble@CommodMkt@BloombergTV@flacqua Familiarize yourself with the terms of the SPR agreements. Oil was not sold it was lent out to be returned late summer/fall and onwards. This will boost demand for crude at whatever prevailing spot prices.
@JoshYoung You were literally the ONLY public energy pundit with the correct positioning and loud about it.
Well done.
It takes real conviction. I’m in the same boat and oddly it’s still lonely. Most people remain skeptical. I guess they’ll jump on board at $200 😂
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