Ah okay. Guess the straight is gonna be closed again today then
noticed gas prices were down 40¢ from a few weeks ago. the volatility/swings have to present an incredible opportunity for capital formations doing arbitrage, like airline buyers, etc.
it has been absolutely insane watching the paper markets’ opportunism and the general political stabilization attempts of strategic reserve releases and announced “deals” contend with speculation and manipulation all under the tightening vice grip of actual material reality.
one can imagine how a scaffolding system has been constructed since the 1970s to extract value but also maintain some mechanisms of price stabilization controls subject to electoral pressure and capital discipline.
it has all come together, rather impressively, to continue extracting value and buy the administration a ton of time to get on top of the problem and carve out a strategy for fixing the material problem or mapping out a path to relieve electoral pressure.
i think we’re something like 100 days out from catastrophe still, which i think is unavoidable. probably no one expected an administration where no one understood how the machine works and just redlined it like it was a personal piggy bank for friends.
Yay for the environment!
So I guess the war will be back on in a few days then.
Mister Predisent Trunt, Sir, the enemy can read your highly secret truth posts.
They have oil. what do they need money for?
WE need money to BUY their oil.
Trump is an idiot.
Trump is an idiot, but we aren’t buying their oil. We are producing our own domestic oil to sell and then ‘buying’ cheaper Venezuelan oil that we are among the only ones who have the refining capabilities to process.
That said, while Venezuela’s domestic production has spiked (amazing what not being under direct sanctions and being able to import parts and engineering labor will do to your economy, it’s almost as if Venezuela wasn’t running a ‘mismanaged oil economy’ and just didn’t have the resources required to run it and grow capacity.), we are not importing enough to offset the oil deficit caused by selling off our domestic supply.
Even more of an issue, is that non-oil producing countries who did buy from Iran are absolutely beginning to feel the pinch as their reserves start to wane, which drives up oil prices for everyone and incentizes selling off our domestic stock further.
I get the feeling that Trump wants to OWN Iran’s oil resources. Get them in a choke hold long enough for them to cry “UNCLE”.
I have absolutely no idea what Trump wants out of this, and I have a distinct feeling that if you were to really talk to him about it neither does he.
This doesn’t have any of the flairs of any kind of rational imperialist policy. It reeks of stripping the copper out of the walls to turn a profit. And this is besides the fact that they can’t put Iran in a chokehold. They simply don’t have the manpower to mount a successful ground invasion, and they can’t dislodge the missile cities. It is effectively a stalemate, which means that the longer this goes, the more Iran wins because they actually live in the region, and are not expending as many resources, as well as the fact that Iran is not blockaded from the north or east, and able to still receive major shipments of critical supplies.
At this point, the only thing that is preventing this from ending is the fact that Israel will not stop bombing or invading Lebanon, which Iran has repeatedly drawn a red line on. Not Trump’s supposed lust for oil.
A clear indication that Israel and Trump are working together but not on the same goals.
Didn’t Iran already get a few billions?
“I don’t like how the consequences of my actions have played out, so I’m going to throw a temper tantrum to show the only power I feel as if I have!”
