CRUDE!

Yeah.... Trump will surely remain mum when WTI heads for $70 and RB heads for $3.

 

Thanks. Depending on how Saudi dishes out the other 50%, this might in an unexpected way speed up trade dispute. Of course there is the Russians. The speculative angles are endless.

 

They got them from Iran. Textron built the factory back in the day to build helicopters. So yes they will be blamed. Google the city of Shahin Shahr. See if their chamber of commerce mentions what they do there.

 

The SPR probably needed drained and replenished with fresh stock anyway.

 

Probably going to be the 3rd island gap to the upside on the US daily RTH in less than 6 weeks. If I knew about pattern recognition, I might connect be able to connect the dots between crude price declines being followed with attacks in the Middle East, like with the tanker explosions earlier in the year. Before that it was something else. I wonder if some these guys have trading accounts? Grin.

 

that didn't take long:

 

Sources, on how much it actually produces vary from 1% in BBC to 10% in this vid.

 

One is a proxy for the other so it doesn’t matter which airstrip saw them off. This was set in motion the minute that the ridiculous $15B plan imploded when Bolton stormed out.

 

Crude can be stored forever, at least until it’s refined into distillates.

 

My dad was SAD and has been to HESA many times as a Textron employee.