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Originally Posted by Beech Dude
(Post 4022852)
Sounds good. Call your Rep and Senator and get that 25th Amendment going I guess.
--Out-- |
Originally Posted by CBreezy
(Post 4022855)
Said by someone who doesn't understand the 25th amendment.
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Originally Posted by Name User
(Post 4022672)
Korea supplies something like 70% of west coast jet fuel, now that Korea isn't getting crude, no jet fuel for the west coast.
If anything it's the opposite, seems some powerful people with deep pockets are keeping a lid on commodity prices somehow. Even with recent upticks in production from other places, we are at least 5 million barrels a day short. Oil should be trading in the $200+ range by now. I wouldn’t examine it too closely because a lot of it is shipping efficiency during periods of tight margins. 20% SOH number is already dated because Saudi has a huge pipelines that can pump crude west across the country but it still needs to be loaded on ships, so normally cheaper to not pay to pump crude from one port to another port. Please explain how 5m barrels per day shortage jumps oil to $200, when average consumption was 106m bpd @$60 per barrel. There has never been a period in history where the world consumed 101m bpd at $200 price point index. |
Originally Posted by OpieTaylor
(Post 4022870)
The gulf coast supplies some of Caribbean and SA.
I wouldn’t examine it too closely because a lot of it is shipping efficiency during periods of tight margins. 20% SOH number is already dated because Saudi has a huge pipelines that can pump crude west across the country but it still needs to be loaded on ships, so normally cheaper to not pay to pump crude from one port to another port. Please explain how 5m barrels per day shortage jumps oil to $200, when average consumption was 106m bpd @$60 per barrel. There has never been a period in history where the world consumed 101m bpd at $200 price point. |
Originally Posted by Beech Dude
(Post 4022848)
Every President in history has said something offensive or in poor taste. No one is perfect. Im not defending Trump's tweets. I agree, hes an idiot most of the time with it and honestly we'd all be better off if he stopped. Head examined? Because I don't go into a tizzy over an asinine tweet or something an elected official said that could be offensive? Alright. Ill call a doc and ask him if being too mature can be cured.
But hey, Trump is the only politician to ever say something stupid, I forgot. "I mean, you got the first mainstream African-American who is articulate and bright and clean and a nice-looking guy. I mean, that’s a storybook, man." -- Former Pres. Joe Biden. "Strategery." -- Former Pres. G. W. Bush "I did not have sexual relations with that woman." Former Pres. Bill Clinton
Originally Posted by OpieTaylor
(Post 4022870)
The gulf coast supplies some of Caribbean and SA.
I wouldn’t examine it too closely because a lot of it is shipping efficiency during periods of tight margins. 20% SOH number is already dated because Saudi has a huge pipelines that can pump crude west across the country but it still needs to be loaded on ships, so normally cheaper to not pay to pump crude from one port to another port. Please explain how 5m barrels per day shortage jumps oil to $200, when average consumption was 106m bpd @$60 per barrel. There has never been a period in history where the world consumed 101m bpd at $200 price point index. Like I wrote previously, we were down 20 mbd but production other countries have increased production to lower that to about 5 mbd deficit. This has nothing to do with total consumption, because supply and demand were relatively equal before. Now, they are not. Of interest, just a 3 mbd deficit caused the huge price increase back in mid-2000s. I'm not talking about the gulf coast, I'm talking about the west coast of the US, who get the lions share of their jet fuel from Korea. This is not just a Europe or Asia problem anymore. |
Originally Posted by Beech Dude
(Post 4022839)
Are we murdering our citizens for protesting?
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Originally Posted by OpieTaylor
(Post 4022870)
20% SOH number is already dated because Saudi has a huge pipelines that can pump crude west across the country but it still needs to be loaded on ships, so normally cheaper to not pay to pump crude from one port to another port. Please explain how 5m barrels per day shortage jumps oil to $200, when average consumption was 106m bpd @$60 per barrel.
The Saudi East-West pipeline system (Petroline) which has been damaged to some extent by Iran can transport up to 7m bpd, though in early 2026, about 2m bpd was being used, leaving some spare capacity, but the Red Sea port of Yanbu can only handle about 5m bpd. So that is an additional 3m bpd and the UAE's Abu Dhabi Crude Oil Pipeline (ADCOP) is now pumping near its max of 1.8m bpd up from its normal 1.0m bpd. So that would mean an additional 3.8m bpd or about 20% of what typically goes through the Strait of Hormuz (20m bpd). And if the Yanbu crude heads south it has to go by Yemen and the Houthi’s. |
Originally Posted by OpieTaylor
(Post 4022870)
Please explain how 5m barrels per day shortage jumps oil to $200, when average consumption was 106m bpd @$60 per barrel.
There has never been a period in history where the world consumed 101m bpd at $200 price point index. |
Originally Posted by Judge Smails
(Post 4022845)
He is the President of the United States. If you are chalking up posts alluding to genocide as just another “stupid tweet” you need to have your head examined. It’s pathetic how low the bar has been set and what is deemed acceptable rhetoric by an alarmingly large percentage of Americans.
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Originally Posted by Name User
(Post 4022625)
Fake news, I was assured my many on here just one month ago Iran would capitulate in just a few days and the admin would insure tankers to allow their continued passage.
Now not only is that not coming tho fruition but the admin itself is blocking the straight. You just can't make this stuff up. |
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