WTI Oil at $109/$110 a barrel--Sun Evening

143,893 Views | 1169 Replies | Last: 2 days ago by FWTXAg
flown-the-coop
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tysker said:

HumbleAg04 said:

A little economic discomfort to reset the world order in our favor? Worth.

What happens when you run out of other people's money prior to the world resetting into your vision?

What other people's money are we running out of?
DeschutesAg
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bobbranco said:

DeschutesAg said:

If the "we" you're referring to is our nation the USA, then yes, our nation will be fine.

But if you're referring to the 340M individuals who live here, no, they will not all be fine.



huh???
The nation will be fine. But a lot of Americans will not be fine. Should be easy to comprehend the difference.
Sq 17
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Other people's money is another way to say massive recession. When the average American runs out of money the economic engine slows

No guarantee the nation will be fine
If the Shtf.

Debt and deficit are much worse and partisanship is also much worse than during the 2008 meltdown

I don't think Trump and his team wouls be up to the task.

FWTXAg
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We can't really blame the coming recession/mini depression on this Iran not a war. It accelerated it possibly, but this was always coming and coming hard.
MelvinUdall
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Sq 17 said:

How would he have brought this to a more expedited end ?


Bomb a few sites, made a deal that didn't have any teeth, claim victory…
DeschutesAg
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Trump's tariffs and Trump's BBB had us headed for recession. But now the cherry on top is Trump's decision to cause a 50% increase in U.S. domestic gasoline, diesel, and fertilizer prices. The price of gasoline and diesel affect everything in the economy and make everything cost more.
No Spin Ag
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FWTXAg said:

We can't really blame the coming recession/mini depression on this Iran not a war. It accelerated it possibly, but this was always coming and coming hard.

So if the coming recession/mini depression happens, Trump's war with Iran will have helped it from coming hard to coming in accelerated (faster) and harder?

In many other ways, faster and harder would be considered a good thing, but this time, well...
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
FWTXAg
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No Spin Ag said:

FWTXAg said:

We can't really blame the coming recession/mini depression on this Iran not a war. It accelerated it possibly, but this was always coming and coming hard.

So if the coming recession/mini depression happens, Trump's war with Iran will have helped it from coming hard to coming in accelerated (faster) and harder?

In many other ways, faster and harder would be considered a good thing, but this time, well...


Not if, but when. And it's going to be while Daddy Trump is in office unless he/they find a way to print our way out of it again. Chef's Kiss.
tysker
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flown-the-coop said:

tysker said:

HumbleAg04 said:

A little economic discomfort to reset the world order in our favor? Worth.

What happens when you run out of other people's money prior to the world resetting into your vision?

What other people's money are we running out of?

Taxpayers and foreign borrowers.
ErnestEndeavor
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Exxon SVP, today.

Quote:


"We are approaching unheard of inventory levels. I mean really, really low levels," Chapman warned. "You can debate whether that's going to hit, those really low levels, in two weeks or three weeks. Once you get to that point, then you'll see price shoot up."

The price of physical Brent oil cargoes will spike to $150 to $160 per barrel when inventories hit all-time lows in coming weeks, the executive said. "When the price gets to a certain level, demand destruction brings it back into balance," he said.


https://www.cnbc.com/2026/05/28/oil-inventory-exxon-strait-hormuz-iran-war.html

Over 1 billion barrels of oil have not entered the market since the start of the war.
BigRobSA
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DeschutesAg said:

Trump's tariffs and Trump's BBB had us headed for recession. But now the cherry on top is Trump's decision to cause a 50% increase in U.S. domestic gasoline, diesel, and fertilizer prices. The price of gasoline and diesel affect everything in the economy and make everything cost more.

On top of all of the ****tardism under Biden and Trump 45 and Obama and....

Fiscal liberalism, always a fail. Always.
AggieVictor10
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Here it comes.
“…What?”

- Joe Biden
Sq 17
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MelvinUdall said:

Sq 17 said:

How would he have brought this to a more expedited end ?


Bomb a few sites, made a deal that didn't have any teeth, claim victory…


I don't think a few more bombs is reopening the SoH. If so he should drop those bombs immediately
BlackGold
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HumbleAg04 said:

A little economic discomfort to reset the world order in our favor? Worth.


What's the point of a reset when you're already at the top and the global currency is your own?
No Spin Ag
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ErnestEndeavor said:

Exxon SVP, today.

Quote:


"We are approaching unheard of inventory levels. I mean really, really low levels," Chapman warned. "You can debate whether that's going to hit, those really low levels, in two weeks or three weeks. Once you get to that point, then you'll see price shoot up."

The price of physical Brent oil cargoes will spike to $150 to $160 per barrel when inventories hit all-time lows in coming weeks, the executive said. "When the price gets to a certain level, demand destruction brings it back into balance," he said.


https://www.cnbc.com/2026/05/28/oil-inventory-exxon-strait-hormuz-iran-war.html

Over 1 billion barrels of oil have not entered the market since the start of the war.


Okay, so the minute price drop we just had is likely not going to be the beginning of a downward drop in prices but more likely to be an exception to an eventual price increase to even higher prices?
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
HumbleAg04
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Yes. Global petrochemical market jacked up at least through 2026.

Maybe not as bad as it has been. Maybe worse. Industry is seeing post covid inflation and supply chain disruption with likely a longer recovery.
fc2112
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FWIW - gas was 20 cents a gallon cheaper this AM than yesterday.
amercer
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There have been some interesting articles recently about the "TACO equilibrium". Basically traders have baked in the idea that Trump won't let it get too bad and thus haven't bid oil prices up to what they would have just based on current events. It's a fragile equilibrium though, as noted by the oil CEOs who are saying that real inventories are getting very very low.

Hopefully there is a deal soon and we don't find out what happens if wall st decides that TACO isn't a thing anymore.
Sq 17
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The CEOs are squawking because they are running out of inventory and are not sure if they have another month to continue on this path
No Spin Ag
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amercer said:

There have been some interesting articles recently about the "TACO equilibrium". Basically traders have baked in the idea that Trump won't let it get too bad and thus haven't bid oil prices up to what they would have just based on current events. It's a fragile equilibrium though, as noted by the oil CEOs who are saying that real inventories are getting very very low.

Hopefully there is a deal soon and we don't find out what happens if wall st decides that TACO isn't a thing anymore.

This makes all the sense in the world, but from a different angle from Trump.

I honestly believe that since Trump loves to see himself as the savior, whatever it is he's going to do to end this, he'll do right before the 4th.

He thinks in terms of headlines and great TV, and what greater headlines than something like, "I ended the Iran war (yes, he started it, but still) and now the country will be better off for it (it was before he started the war, but still), PLUS, throw that in with the 250th celebration...

I mean, it couldn't be scripted better than that. I mean, if that's what ends up happening, it's not too far-fetched to think these last few months were meant to be made for TV.

I could be wrong, but then again, this is Trump, so I could also be right.
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
flown-the-coop
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DeschutesAg said:

Trump's tariffs and Trump's BBB had us headed for recession. But now the cherry on top is Trump's decision to cause a 50% increase in U.S. domestic gasoline, diesel, and fertilizer prices. The price of gasoline and diesel affect everything in the economy and make everything cost more.

Markets continue to record highs, oil dropping like a rock, Jamie Diamond predicting booming economy on mornings with Maria.

But you heard it here first, certain recession and economic misery for all!


Or not.
tysker
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flown-the-coop said:

DeschutesAg said:

Trump's tariffs and Trump's BBB had us headed for recession. But now the cherry on top is Trump's decision to cause a 50% increase in U.S. domestic gasoline, diesel, and fertilizer prices. The price of gasoline and diesel affect everything in the economy and make everything cost more.

Markets continue to record highs, oil dropping like a rock, Jamie Diamond predicting booming economy on mornings with Maria.

But you heard it here first, certain recession and economic misery for all!


Or not.

Interesting take. Headlines from that interview suggest Dimon (not Diamond) is 'cautiously pessimistic.'
I don't watch MSM. Could you provide the evidence that he is " predicting [a] booming economy" ?
flown-the-coop
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For Diamond to be cautiously pessimistic with Trump at the helm then I read that as a boom. But really, I only heard a comment about it in passing and admittedly did not watch.

You doomsday kittens should play the short side and clean up.

I tend to think we will be treading in high cotton as the summer carries on.
Jeeper79
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flown-the-coop said:

For Diamond to be cautiously pessimistic with Trump at the helm then I read that as a boom. But really, I only heard a comment about it in passing and admittedly did not watch.

You doomsday kittens should play the short side and clean up.

I tend to think we will be treading in high cotton as the summer carries on.
So when Dimon says something good, that's good. But when he says something bad, that's also good. Because trump.

Got it.
Jeeper79
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No Spin Ag said:

amercer said:

There have been some interesting articles recently about the "TACO equilibrium". Basically traders have baked in the idea that Trump won't let it get too bad and thus haven't bid oil prices up to what they would have just based on current events. It's a fragile equilibrium though, as noted by the oil CEOs who are saying that real inventories are getting very very low.

Hopefully there is a deal soon and we don't find out what happens if wall st decides that TACO isn't a thing anymore.

This makes all the sense in the world, but from a different angle from Trump.

I honestly believe that since Trump loves to see himself as the savior, whatever it is he's going to do to end this, he'll do right before the 4th.

He thinks in terms of headlines and great TV, and what greater headlines than something like, "I ended the Iran war (yes, he started it, but still) and now the country will be better off for it (it was before he started the war, but still), PLUS, throw that in with the 250th celebration...

I mean, it couldn't be scripted better than that. I mean, if that's what ends up happening, it's not too far-fetched to think these last few months were meant to be made for TV.

I could be wrong, but then again, this is Trump, so I could also be right.
Makes a lot of sense to me. Also makes me wonder what concessions he'll have to make for that to happen. Getting that "win" before 7/4 could make for an expensive deal.
tysker
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flown-the-coop said:

For Diamond to be cautiously pessimistic with Trump at the helm then I read that as a boom. But really, I only heard a comment about it in passing and admittedly did not watch.

You doomsday kittens should play the short side and clean up.

I tend to think we will be treading in high cotton as the summer carries on.

So should I consider your post to be a lie or bull *****
You can't even get the guy's name correct. Why would we trust anything you ever post again?
flown-the-coop
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Jeeper79 said:

flown-the-coop said:

For Diamond to be cautiously pessimistic with Trump at the helm then I read that as a boom. But really, I only heard a comment about it in passing and admittedly did not watch.

You doomsday kittens should play the short side and clean up.

I tend to think we will be treading in high cotton as the summer carries on.
So when Dimon says something good, that's good. But when he says something bad, that's also good. Because trump.

Got it.

Or because underlying economy is incredibly strong.

If you glass looks better empty, more power to you.
flown-the-coop
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tysker said:

flown-the-coop said:

For Diamond to be cautiously pessimistic with Trump at the helm then I read that as a boom. But really, I only heard a comment about it in passing and admittedly did not watch.

You doomsday kittens should play the short side and clean up.

I tend to think we will be treading in high cotton as the summer carries on.

So should I consider your post to be a lie or bull *****
You can't even get the guy's name correct. Why would we trust anything you ever post again?

You trust what other posters say? Because the Iran threads are nothing but lies and Iranian propaganda.

I said I overheard and obviously did not pick up on his overall pessimism.

And Diamond is a big tome TDS sufferer. Thats just a fact. He and Jerome Powell spend lots of quality tome together in the all male sauna at club no sacks.
Logos Stick
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wti is now $87 and falling...
Jeeper79
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flown-the-coop said:

tysker said:

flown-the-coop said:

For Diamond to be cautiously pessimistic with Trump at the helm then I read that as a boom. But really, I only heard a comment about it in passing and admittedly did not watch.

You doomsday kittens should play the short side and clean up.

I tend to think we will be treading in high cotton as the summer carries on.

So should I consider your post to be a lie or bull *****
You can't even get the guy's name correct. Why would we trust anything you ever post again?

You trust what other posters say? Because the Iran threads are nothing but lies and Iranian propaganda.

I said I overheard and obviously did not pick up on his overall pessimism.

And Diamond is a big tome TDS sufferer. Thats just a fact. He and Jerome Powell spend lots of quality tome together in the all male sauna at club no sacks.
He's a financial expert among experts. It benefits him to give correct financial outlooks and advice. Somehow, you see that as a slight against your hype man.
flown-the-coop
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Jeeper79 said:

flown-the-coop said:

tysker said:

flown-the-coop said:

For Diamond to be cautiously pessimistic with Trump at the helm then I read that as a boom. But really, I only heard a comment about it in passing and admittedly did not watch.

You doomsday kittens should play the short side and clean up.

I tend to think we will be treading in high cotton as the summer carries on.

So should I consider your post to be a lie or bull *****
You can't even get the guy's name correct. Why would we trust anything you ever post again?

You trust what other posters say? Because the Iran threads are nothing but lies and Iranian propaganda.

I said I overheard and obviously did not pick up on his overall pessimism.

And Diamond is a big tome TDS sufferer. Thats just a fact. He and Jerome Powell spend lots of quality tome together in the all male sauna at club no sacks.
He's a financial expert among experts. It benefits him to give correct financial outlooks and advice. Somehow, you see that as a slight against your hype man.

Diamond is a biased tainted idiot who only speaks to benefit his agenda and pocket.

Experts are nothing more than guys with a microphone.
tysker
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flown-the-coop said:

Jeeper79 said:

flown-the-coop said:

tysker said:

flown-the-coop said:

For Diamond to be cautiously pessimistic with Trump at the helm then I read that as a boom. But really, I only heard a comment about it in passing and admittedly did not watch.

You doomsday kittens should play the short side and clean up.

I tend to think we will be treading in high cotton as the summer carries on.

So should I consider your post to be a lie or bull *****
You can't even get the guy's name correct. Why would we trust anything you ever post again?

You trust what other posters say? Because the Iran threads are nothing but lies and Iranian propaganda.

I said I overheard and obviously did not pick up on his overall pessimism.

And Diamond is a big tome TDS sufferer. Thats just a fact. He and Jerome Powell spend lots of quality tome together in the all male sauna at club no sacks.

He's a financial expert among experts. It benefits him to give correct financial outlooks and advice. Somehow, you see that as a slight against your hype man.

Diamond is a biased tainted idiot who only speaks to benefit his agenda and pocket.

Experts are nothing more than guys with a microphone.

Do you hold the opinions of the guys on, say, Fox Business Channel to the same standard?
Danny Vermin
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3.47 at Murphys in Burleson this morning.
Less Evil Hank Scorpio
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flown-the-coop said:

If all Trump cared about was the midterms, we would have never started this in the first place.

To even fathom is in a better shape economically is comical. I posted a chart showing their clear decline. Meanwhile, all economic signs in the IS are "go for launch".

I used to be on the same page as you wrt China is nearing financial implosion, but I now think that I have consistently underestimated how powerful a totalitarian regime is. Market forces don't work the same way when you have a gun pointed at the populace.

I do think this whole thing was an escalation of the financial war on China, but I'm not sure we can hurt them enough. The world is addicted to their manufacturing, and their control of prices and currency make it hard to really make them blow up.
flown-the-coop
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tysker said:

flown-the-coop said:

Jeeper79 said:

flown-the-coop said:

tysker said:

flown-the-coop said:

For Diamond to be cautiously pessimistic with Trump at the helm then I read that as a boom. But really, I only heard a comment about it in passing and admittedly did not watch.

You doomsday kittens should play the short side and clean up.

I tend to think we will be treading in high cotton as the summer carries on.

So should I consider your post to be a lie or bull *****
You can't even get the guy's name correct. Why would we trust anything you ever post again?

You trust what other posters say? Because the Iran threads are nothing but lies and Iranian propaganda.

I said I overheard and obviously did not pick up on his overall pessimism.

And Diamond is a big tome TDS sufferer. Thats just a fact. He and Jerome Powell spend lots of quality tome together in the all male sauna at club no sacks.

He's a financial expert among experts. It benefits him to give correct financial outlooks and advice. Somehow, you see that as a slight against your hype man.

Diamond is a biased tainted idiot who only speaks to benefit his agenda and pocket.

Experts are nothing more than guys with a microphone.

Do you hold the opinions of the guys on, say, Fox Business Channel to the same standard?

I think I'll stick with the Kudlow over whatever dolt msm and Chase bank is doling out.

Hope that helps you understand finance better. best of luck to you.
 
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