Originally Posted by
word302
Lol man, I don't know what to tell you. Look up any expert in the energy industry, they're all saying the same thing. We usually only hear about the futures price because it's almost always within cents of the physical price. That hasn't been the case since the beginning of the war. Currently the futures price is being tabled a paper price and not even in the ballpark of the physical price. Never mind that we're depleting our gasoline stores be 4-8 million barrels/week. Diesel stores by almost as much. It's going to take more than a few months to recover from that. No we're never going to run out of gas here, but other countries definitely will and we are exporting a metric s-ton right now. We've also just recently received the last shipments of oil from the ME, the shortages haven't really even started yet.
I mean the straight was moving 20m a day, the pipelines to bypass it are probably moving half.
Other oil producers have stepped up with capacity creep.
Did they show you that storage is being depleted due to physical supply chain disruptions from 20m a day getting stalled or global demand is higher than global supply.
How come they aren’t investing in oil futures and running the price up if they are industry experts and know what’s gonna happen.
The people who do put their money in oil futures aren’t confident they are correct and they have the same info.
Iran is actively storing oil, it will go some where when/if a deal is signed.
Oil traders think someone will blink, may trump gets a good deal maybe a bad one, but no one thinks Iran will just flare off all their stored oil either way.