Daily reminder:
1) Oil will squeeze to ATH (inflation adjusted) this year.
2) Iran and US will not have a peace deal signed today.
3) The SOH will continue to have little to no traffic for months.
4) Oil production will not increase until we find geopolitical peace and price stability. Which is months away. Possibly 2027.
5) Energy is going higher.
Had a chat with a friend in the military about Crimea. He thinks the public and most militaries do not yet fully grasp the enormous significance of what Ukraine did. Putting an entire region the size of Massachusetts under a blockade, without a navy or ground force, but drones.
@omgsidewalks The most unromantic thing ever!!! I refuse to keep scrooling my phone for wine lists, appetizers, etc. Always request they bring me their ipads so I can cover them with garlic butter and oliver oil.
@20th_Centurygal Saw BB King. Saw Stevie, haven’t seen Gary Moore. I can tell you, BB was astonishingly good!!! His voice, his playing, the band! So I’m going with BB.
PS - honourable mention to Buddy Guy.
People can make up numbers, pretend to sign 56 peace deals and trade on whatever post they want, but this is how the reality looks like. Just look at the picture of the nearly empty crude oil tanks in Cushing, a more and more common sight in many places around the world.
"Putin's goal was for Ukraine to surrender and then extend his expansionist ambitions further. But that plan failed.
I'm convinced that Ukraine will win, recover even stronger, more prosperous. The future of Ukraine is the future of peace and freedom
Ukraine is not and will not be alone.."
- Giorgia Meloni
Prime Minister of Italy
Wow..🫡
The Russians are advancing towards Russia.☺️
I just love good news🤫
Ukrainians pushing Russians back through Donetsk direction🇺🇦
Stay strong, as you are.🙌
(Map. Prof. Bonk)
Ukrainian forces have now hit and damaged the last remaining key bridge heading out of Crimea the Armyansk Bridge where a Russian logistical convoy crossing the bridge was severely damaged.
Russian logistics in Kherson are severely disrupted.