>last night oil futures were nearing 120>reports of G7 will be releasing SPR>oil drops under 100>later find out that they never planned on doing it So they're just releasing fake news to make people panic sell?
>>61958562What's petrol gonna cost per liter in Europe when oil is $250 a barrel?
>>61958562Yes and no. The whole war is a psyop so that they can sell the oil reserves/venezuala raid oil at an insane markup before prices return to a more neutral stance
>>619585732 dollar per liter or 13 per gallon. US would probably be half but idk if modern society can operate with those costs? And if Iranians are destroying oil infrastructure, Arab states shutting down oil production which takes months to restart and ports are being bombed it might take long time for natural flow to restart. But idk why they lied about it though
>>61958593>l reserves/venezuala raid oilVenezuela oil infrastructure is decrepit and can barely hit 1 million while Hormuz is 20 million per day. And that million will need investments and years to even match UAEs production per day.
>>61958627The US has appropriated 80 million barrels of oil from venezuala since the new year. A clean 4 billion in additional value since the Iran conflict started, of course headed straight for private hands. We've only spent 100 billion in taxpayer money on Iran so far, a very efficient laundering ratio
>>61958703>The US has appropriated 80 million barrels of oil from venezuala since the new year. A clean 4 billion in additional value since the Iran conflict started, of course headed straight for private hands.And Hormuz makes 20 million barrels a day. So within this week we lost 160 millions of barrels heading into global oil market. Can Venezuela fulfill that gap for rest of global market? India , east Asia , South America and Europe? At best it can help stave off few cents off gallon in US not replace Hormuz.
>>61958562what's the purpose of strategic reserves when you do not use them in a scenario like this? do they think russia will invade them right after they burned through them or something?
>>61958725Fill the gap? I don't think you're reading what I'm saying. The US has reserve oil that it (read: private interests) wants to sell at a premium, and it has a convenient piñata that it can hit to make that happen in Iran. The oil price has been rock bottom for an extremely long time. The health of the global economy or whatever has not been, is not, and never will be the priority of the US government
>>61958562Buy the dip
>>61958770>The US has reserve oil that it (read: private interests) wants to sell at a premium, and it has a convenient piñata that it can hit to make that happen in Iran. The oil price has been rock bottom for an extremely long time. The health of the global economy or whatever has not been, is not, and never will be the priority of the US government>East Asia hit by energy crisis >electronic manufacturing needed for mass data center build up stalls or becomes increasingly expensive >AI companies either get in more debt or halt production So biggest growth sector so far has been tech and you're telling me they're willing to throw it all away for oil barons in Texas to sell expensive oil that will have little to no demand. Not only is oil scarcity bad enough Qatar makes helium used in semiconductor manufacturing so what will Taiwan use then to keep up with big demand for next gen chips.
>>61958562That fake news cost me over 10 grand.
>>61958573Some 'expert' here in Australia was saying that every $1USD per barrel that crude goes up we see an increase of $0.1AUD per litre at the pump.Fuel was around $1.70 per litre before the war and is now between $2 and $2.20 so seems to be holding true so far, but if oil reached $250 a barrel I'm sure this math would break down. But it would be $3.50AUD per litre at an absolute minimum.Fuel in Europe is usually more expensive than Australia, maybe due to taxes you guys impose or something. But $3.50AUD is €2.13 so don't expect to pay less than that if oil goes to $250.
>>61958837Frankly, yes. If the US had actual planning capability the oil price would not have spiked, such is the privelege of being the world reserve currency. Israel is their greatest ally, and they can slide in some backdoor deals while they're executing their god-given mission to bomb iran. I'm not saying this is a good idea or anything, but this is what you do when you're a billionaire who wants more billions
>>61958935Most of US economic growth is in AI for past few years. Most of these AI companies are owned and run by Jews like Ellison and Sam Altman. If they truly believed these things could become AGI and be smarter than any human combined they wouldn't have attacked Iran while risking the biggest private sector build up ever seen in US history. Plus Arab money is fueling this industry as well so not only are they hurting East Asian companies who make chips and parts needed but capital investment that keeps it going. Now we might see billions lost , companies default and bubble might pop if this goes on any longer.
>>61959019What does that have to do with trump's pocketbook? Given the track record, he (using a proxy) almost certainly shorted the shit out of whatever dips on rising oil prices. In the end this whole thing is a stunt, it'll be back to normal in a week. Remember, nothing ever happens. This is all a game being played with peoples' lives
>>61959019If Israel inadvertently kills the AI industry I will forgive them for everything, even 9/11.
>>61959081Iran will just roll over after their leader was killed , oil refinery destroyed and navy obliterated? The new leader had his whole family wiped out >>61959087There's secular diaspora Jews and religious Jews who want messiah.
>>61958856Has /biz/ never bought the top?
>>61959119The new leader will be compelled into compliance under threat of continuing decapitations of leadership, they understand that there is only one way to stop the hemorrhaging. The only thing which would cause the war to go long is if israel demands land such as it did with palestine
>>61959255Americattle are so stupid. Look up how many leaders in Afghanistan the usa killed and it accomplished nothing.
>>61959275I'm not american, and the goal in afghanistan was for the US to implement a mutated puppet government in constrast to Iran now where the goal is ostensibly just to kill a bunch of middle-easterners, bomb some sites, and leave
I'm impressed, they managed to suppress a +30% pump into a +3% one. Just on fake news.Now, really, I'm deeply impressed. Either by how they made it happen, or by how the fucktarded market believes that shit.
>>61959087You're a cheap whore, like nigger do you HEAR yourself? "If they jews stop molesting and violating me as hard then I'll get stockholm syndrome and forgive all the other heinous shit they've done that has caused the deaths of countless innocent people".The AI is just part of a bigger problem.
>>61959420market is essentially swayed by news even it's fake
BUY USO BEFORE IT'S TOO LATE GOYS
>>61959484I put in $7,500 on Friday. Let's ride.
>>61959142No I still made almost $9k this morning after selling but I would have been up around $20k on my options if it stayed around 20% up for the day.
>>61959420>betting against the market maker (US government) which can invent as many dollars as it needs to in order to move derivatives where they need to be to achieve geopolitical goalsUntil there are actual resource shortages, the US will not allow commodities to experience price discovery that would cause its interests to be undermined. Anyone making bets that the GM is going to lose because of “the rules” is hopelessly retarded. Markets are not governed by any rules like physical systems and once you stop seeing them as anything other than a RP scenario where the GM decides where they will go, you will continue losing money betting that the GM has to follow the same rules as players in the system. They literally announced they will be manipulating derivatives to keep the price contained and you think they’re just going to throw away global hegemony because of a line on a screen? Lol, lmao even.
>>61958593>the people in power can't be incompetent because that's too scary, so whenever they do something retarded i pretend that it's part of a genius secret plan that only i know about
>>61959625I would never suggest they were competent
