Originally Posted by
Hotel Kilo
You keep saying this, but you're wrong. Are you an oil exec here in the US for your part time gig? That's not what they are saying. Again, figured you to be smarter than to buy into the panic.
Markets are pricing the end game already. You fail to mention that. They will continue to price that with maybe some bumps here and there, but overall the markets don't agree with your juxtapositions.
The dooming here really has reached a fever pitch. Almost bordering on the insane. I'll be happy to eat crow come fall. But I believe in what we are doing is the right thing and in the end, not far away BTW, this will make the world a more stable place.
No one is dooming. Dooming is expecting a global depression. I think that is unlikely because I believe cooler heads will prevail and an agreement is made in Islamabad. Supply chains are still cooked for a while though so prices on refined product will remain elevated for some time. So maybe a mild to moderate recession which is a much better than a global depression.
Please don't mention Hegseth who thought Samuel L Jackson's epic lines in Pulp Fiction was a real Bible verse
As far as the market, again you are staring at WTI and Brent Futures, which trade violently based on algorithms that read Bloomberg headlines within a split second of release. Many times those futures trade as a remarkable disconnect to the reality of the dated Brent/physical market.
If you want to take that as face value of what the market's are pricing in........Good Luck