After days of the strait of hormuz being closed and no victory in sight for the americans, oil prices are beginning to skyrocket
>>530040455I like to sniff my finger after playing in my ass for a few minutes. Love the smell of my own ass
>>530040455>skyrocketIf an extra 10% at the gas pump is making or breaking your budget you should probably be doing something more productive with your time than posting on 4chan.
>>530040455Based, maybe my oil future call options will 100x
>>530040797>an extra 10% at the gas pumpDiesel is already up 28%. Gas roughly 35%.
>>530040455People are still buying Q2 futures @ $76 pbl so there is a market expectation that this wont keep up.
>>530040455The price rises are still based on speculation. Real shortages haven't shown up yet. The Persian Gulf is the beginning of the supply chain. That oil has to work it's way through days and weeks of processing before it shows up for end-user consumption. That's when the real shortages will show up.We need a graph of how long oil takes to reach various endpoints after leaving the Persian Gulf. Such a graph will show when the real physical shortages, not just speculation about such shortages, will start to appear.
>>530040985>Q2 futuresForgot the pic.
>>530040985My futures (bought last monday) have a strike-price of $117.50.That will be hit pretty soon.
Oil will probably continue to climb in price since there's a WAR and also part of Iran's strategy was punishing everyone hosting the USA which is a legitimate strategy. Just do what economists hate and buy gas now.
>>530040455
>>530040455>>530040974It will never meaningfully come down at the pump again either, even when the crisis goes awayI'm tired boss
>>53004079723%, and it's been less than a week.
>>530040989The problem isnt refinement its getting the crude tankers through the straight. The fuel is ready. There arent shortages due to production.
>>530041065I mean obviously in the immediate term things are going to spike.
>>530041313Bessent has already resorted to begging China to buy oil from the US.Which China won't do unless it's SIGNIFICANTLY cheaper than Russian oil.
>>530041244It's so funny to talk to Americans. Absolute subhuman retards. I hope they get what they deserve. They'll keep trying to talk their way out of it with illogical rambling, but their hungry bellies won't listen.
>>530040455Plus oil was already underpriced before
>>530041405>>530041093>>530041116US only gets 2% of its oil from hormuzhttps://13wham.com/news/nation-world/fact-check-team-strait-of-hormuz-risks-explained-us-gears-up-to-protect-shipping-iran-israel-strikes-middle-east-oil-gas-gulf70% of imported US oil comes from Canada. Iran has no way to seriously effect US oil prices anymore. Hormuz clusterfuck just hurts Iran/China/Arabs
>>530040797>Its a small price to pay for Israel goy
>>530041405When people (from other countries) are pointing some problems in your country, usually the response are trying to be smug and saying america is superior ect, ect. Basically indian super power complex.
>>530041711Yes well supply chain disruptions always have knock-on effects. Restricting supply of oil in one region will shift that demand to seek it elsewhere on the planet.https://www.youtube.com/watch?v=g1Sq1Nr58hM
>>530041711Hey retard, China is the main manufacturer of the planet, we all rely on global economies now
>>530041844Nothing the US gets from China goes anywhere near IranAnd China will just buy somewhere else, it's not going to sink its own economy for solidarity with Iran
>>530041711>retard's first introduction to commodity marketsOil prices are global. The difference in different areas is due to shipping costs.There is no arbitrage in oil.
>>530041904You dont even understand how economies work, their oil comes from Hormuz, the entire economy is impacted by an increase in oil pricesSure, they have oil reserves and renewable energy sources, but it will have an impact and also give them an excuse to sell at higher prices
>>530041711Bitch where the fuck do you think the US imports all its goods from? Those planes and boats dont come when oil goes up too much.
>>530041711and you think canada will just keep giving you their oil for the old price when the chinks are willing to offer more to make up for their shortages?
