SAUDI ARABIA CAN BYPASS HORMUZ WITHIN DAYS, 70% OF WHAT HORMUZ DID.LMAO IRAN ACTUALLY LOST. OIL CRISIS IS NO LONGER POSSIBLE.https://www.barrons.com/articles/saudi-aramco-oil-prices-pipeline-hormuz-iran-395c4db2
>>61967634they can do from 5 million barrels a day, global supply of oil was 108 million and demand was 104 pre war since 21% of production comes from there now its 85.5 supply to 104 demand making it 90 does help but wont alleviate the main pressure, and this is without factoring in action from the Houthis
>>61967653the real short term risk to oil prices would be if the International Energy Agency goes through with the 'proposed largest release of oil reserves in its history'
>>61967657Yep. Even if OP is right, it wont stop these retards from fucking everyone over.
OH THANK GOD THE GOYIM FOUND A WAY TO DEAL IN THE REAL WORLD
>>61967657just the threat keeps the price down. If oil bulls were actually real niggas they'd call their bluff and squeeze them.
>>61967701The price of Futures contracts filter out 90% of retail so no giga Chad bulls
>>61967634But I thought the oil crisis is needed to strangle China? China won...
>>61967751that was such a retarded theory lmao, you can't squeeze out a country of one bilion people in a globalized world
>>61967751China isn't doing well right now, anon
>>61967634>BREAKING: DO NOT FUCKING BUY OIL>SAUDI ARABIA CAN BYPASS HORMUZ WITHIN DAYS, 70% OF WHAT HORMUZ DID.>LMAO IRAN ACTUALLY LOST. OIL CRISIS IS NO LONGER POSSIBLE.You Mossad niggas have been screeching and kvetching over people trying to squeeze the oil shorts all week lmao. Buy the dip, oil will squeeze over $250.
>>61967883>isn't doing well
>>61967634>Pipeline in the open desertLMAO
>>61967634it amazes me after like 50 years of threats they still go through this iran cucknal trillions of oil but they cant build pipes?
If Iran can target military bases, it can target pipes.
>>61967634an oil pipeline capable of transferring the volume seen by the strait of hormuz would take years to build. it would also be an easy target for missiles and drones.
>>61967657>JUST IN – The International Energy Agency (IEA) is reportedly set to recommend releasing oil from strategic reserves due to the Iran war, with over 100 million barrels expected to be released in the first month.well there's that
