Trying my very best to make some money *Posts are speculation, not financial advice*
British Columbia, Canada
Joined January 2025
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Unfortunately, there is no demand destruction - and the buffers are gone!
reuters.com/business/energy/…
Well well well, just bought some $AAL puts expiring in January - with these crude prices we should start to see airlines start to crumble a fair bit unfortunately
WOMP WOMP WOMP - Cracks grow larger
BREAKING: Ukrainian drones have just struck Russia's Syzran oil refinery, with multiple fires burning across the complex, hours after Trump claimed on Truth Social that Ukraine had agreed not to hit Russian energy targets, that Russia had agreed likewise, and that the world's diesel price rise "is mostly caused by the Russia/Ukraine War, not Iran."
Syzran runs about 170,000 barrels per day, roughly 3% of Russia's refining capacity. US diesel hit a record $6.23 a gallon today.
No matter what they say - the price of oil will need to move up. I believe in the next few months we’ll be seeing a violent move upwards.
People are preparing for the biggest TACO ever Sunday evening - I, on the other hand believe there will be escalation beyond comprehension.
Both parties are baked into corners, with midterms around the corner - both parties are in an existential battle.
