Half of Saudi Arabia’s production destroyed
09-17-2019, 11:36 AM
#33
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Originally Posted by Vital Signs
Down goes oil.
We've likely already deployed anti-drone weapons systems such as the LMADIS to protect oil fields in the area. The USS Boxer used the LMADIS system to take down an Iranian drone earlier this summer.
09-17-2019, 12:17 PM
#35
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Originally Posted by iahflyr
So oil shot up ~15%, then went down ~5% today. It’s still up ~10% over Friday. ’m willing to bet that over the next month it stays at this level, if not drift a bit higher.
Floating storage hit a 2 year high in May and oil futures are currently in backwardation. Backwardation is NOT a normal state for futures and portends a price drop on the spot markets. Floating storage is a technique used by speculators to profit when oil's in (normal) contango. So that floating storage is going to shrink significantly until oil goes back to contango.
Not to mention that there's a huge worldwide oil supply glut. And we're now in the time of the year when oil demand decreases - summer is the high demand time.
09-18-2019, 07:24 AM
#38
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Originally Posted by badflaps
Anybody else here think Iran was lured into a trap?
The drone and missile debris are of Iranian origin.
09-18-2019, 11:35 AM
#39
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Originally Posted by Andy
No. Iran's government's been aggressive in the region for quite a while now.
The drone and missile debris are of Iranian origin.
The drone and missile debris are of Iranian origin.
09-18-2019, 11:47 AM
#40
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Originally Posted by JimLaheyTPS
Is that confirmed from our intelligence? Like the same intelligence confirmation of WMD’s in Iraq right?
badflaps - no....I don't think Iran lured into a trap.
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