Max Foster

Opinions, views, & market commentary are my own and do not necessarily reflect those of my employer

[John Arnold @johnarnold]

The law prohibiting any living person from appearing on US currency should be expanded to bar the federal government from naming anything after a living person.

[ian bremmer @ianbremmer]

iran’s nuclear & ballistic missile programs were a real threat. more to israel and the gulf states than than to the united states, but real nonetheless.

responding to that threat with an all out regime change war is one of the most irresponsible foreign policy decisions the united states has made in my lifetime.

we will suffer the consequences of this mistake for years for years to come.

[Tom Kloza @TomKloza]

Given Phillips 66 disclosure today of nearly $900 million in pre-tax mark-to-market losses thanks to hedging, this Mid-March tweet has proved prescient.

[Andrew Coyne 🇺🇦🇮🇱🇬🇪🇲🇩 @acoyne]

NASA is the best of America, what America used to be: professional, science-based, dedicated to excellence, idealistic, and dazzlingly ambitious. May America one day recover its NASA soul.

[Max Foster @pullhook614]

First Substack. Hope that it can provide a little context on the current conflict in the gulf for those outside of oil & gas and living in the US.

https://t.co/ZYIY8qqBJk

@annmarie
@tomkeene
@JavierBlas
@ianbremmer
@Rory_Johnston
@RichardHaass
@Bob_McNally

[ian bremmer @ianbremmer]

dystopia: whatever happens to the pilot, at least polymarket will make money on the outcome.

shut this down.

[Richard N. Haass @RichardHaass]

It is not clear whether Iran's parliament speaker was killed, but what is clear is that these targeted killings must stop. They will not bring about regime change, but they will undermine what limited prospects still exist for negotiating an acceptable end to this war.

[Max Foster @pullhook614]

@johnarnold @HayekAndKeynes @chigrl Correct, you would hedge vs Brent or WTI if you were starting to buy cargoes pricing off of those markers

Assuming refiners are margin hedging which is an inconsistent practice.

I suspect there was significant trader involvement in Brent/dubai moves this week

[Max Foster @pullhook614]

As is Tehran.

[John Arnold @johnarnold]

Equity traders learned to discount the daily Trump comments on tariffs after a few weeks of overreacting to them early in '25. Oil traders are quickly learning the same lesson.

[Carl Quintanilla @carlquintanilla]

Mueller.

@nytimes
https://t.co/TB4AgITf6x

[Jake Tapper 🦅 @jaketapper]

Major Alex Klinner has been named by his family as the 2nd of 6 US service members killed in Thursday’s refueling operation to support the US war against Iran. He leaves behind a wife and three children. (Photos from GoFundMe set up to support the family https://t.co/slqBezpmqX)

[Ryan Moulton @moultano]

After all this is over, we need to pass a law that makes social media posts from official agency accounts like this subject to perjury. It is too destructive to the country to let them keep lying and lying and lying without any possible legal remedy.

[ian bremmer @ianbremmer]

@StephenM “the party told you to reject the evidence of your eyes and ears. it was their final, most essential command." - george orwell, 1984

[ian bremmer @ianbremmer]

canada pm mark carney’s speech at davos today, reflecting our new and dangerous g-zero world.

if you only read one speech from the week this is essential. https://t.co/rHoJzniEgh

[Lionel Barber @lionelbarber]

Mark Carney in Davos: This is the speech of a statesman - a riposte to Trump and to western defeatism

[Josh Wolfe @wolfejosh]

Wow. Wow. Wow.

Incredible powerful message (incredible speech writing)—to those who stumbled on the wrong path and may ruin their future for not knowing the past.

The weight of history

[Bill Connelly @ESPN_BillC]

This remains one of the greatest popcorn games of the 2000s. Just dudes making wild plays, over and over.

[Annmarie Hordern @annmarie]

The Saudi Foreign Minister says oil production was not discussed at the Jeddah summit.

“We listen to our partners and friends from all over the world especially consumer countries. But at the end of the day, OPEC+ follows the market situation and will supply energy as needed.”

[Javier Blas @JavierBlas]

BREAKING: US inflation rate accelerated in June to 9.1%, highest since late 1981 (well above Wall Street expectations) | #OOTT

[@geoffshac.bsky.social @GeoffShac]

Here is @NickFaldo006 talking about @BKoepka’s move to LIV on the @TravelersChamp broadcast.