Short oil is the trade. We will soon have oil glut. Oil going to 60s and retail gas at $6.
I don't get it. Why less gas means cheaper oil?
Ahhh gasoline. That makes sense.
>>62528216>don't get it. Why less gas means cheaper oil?Oil refineries getting bombed. Which means less gasoline for public masses. At same time input to the refineries which is crude oil isn't affected. So you have too much raw input than the processing capability. So oil crashes and gas prices rise
>>62528196Americans are good at lowering oil prices
>>62528196alright well, this is not good for civilization. I think I should be buying more food
Bessent is a musician, he can print oil out of thin air.
>>62528241Dont really get the logic.
>>62528241Wow, I never thought about it, thanks. >>62528741Imagine crude oil as water and gasoline as coca cola. If you break dams, you lose water, so water value goes up and also coca cola value goes up, since it needs to buy water at higher prices. They are hitting coca cola, instead of dams, so now you have less coca cola available, thus coca cola's value goes up while you have still a lot of water that now coca cola can't buy as much as it did, because coca cola doesn't have the capacity to handle too much water anymore, thus water's value decreases.
>>62528241Gas will only rise for middle eastern the us doesn’t import gasoline
>>62528741I think he's saying low supply causes low demand. Classic biz economics.
>>62530387That means Iran is being dumb. This doesn't affect america
>>62528216>gas is made from oil>bomb refineries>can't make more gas>supply of oil exceeds demand for oil>too much oild on the market that's not being bought>price of gas goes up, price of oil goes down
>>62530615Only in Iran
>>62528241Yeah the same logic applies to russian refineries getting bombed, it also lowers oil price.>>62528741>>62530565Guys come one you cant be that stupid.
>>62531935This is the same as trying to explain to retards why electricity is cheaper during the night.
>>62530371this was legit helpful, thank you
>>62530615Sexo, that is all
