Aston Villa’s season was not always smooth. They needed resilience, an ability to hang in there in the tough times and Emery’s trusted players to stand up. Matty Cash, offering a layer of consistency, did just that.
He was my #AVFC player of the season.
Free to read @TheAthleticFC
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@mert And nobody definitely didn’t take the once in a 10 lifetimes opportunity to secure his children and their children’s children future to mint free money without the possibility of ever being caught or anybody even knowing about it.
OK so going back to my initial point, 58M barels have been exported from SPR (which contains a mixture of crudes) with ~1/3 exported to Europe. This is a record (13m barrels per day) and it's driven by SPR releases. Meanwhile refinery utilization is 94.5%.
So once again, if there is no physical shortage and it's all a refinery bottleneck, why the need to export from US emergency reserves aka SPR?
@YanivWeissman@anasalhajji This is true whether or not there is flows deficits.
We know there has been consistent backwardation. Front of the curve pricing a scarcity premium, but you are saying it’s solely a downstream issue ie refineries?
@StealthQE4 It’s not a hedge against anything. Has gone down in every env, including recent money printing. No data to support hedge claims.
It’s a risk/liquidity proxy. Animal spirits.