Oil Price Increases After Biden Shuts Down Drilling Permits Again

[Terrel L. Shields]

While it won’t happen, the laughing idiot would be even worse

Yeah... Catch 22. We get an idiot or we keep the idiot we have. Some choice.

 

[George Hatch]

No worries in 6 to 8 weeks Biden may be stepping down as even his followers are now getting fed up

Bite your tongue. The longer and harder we let him twist in the wind the more clearly we'll drive home the point that the programs his handlers are pimping don't work.

 

[Elliott]

WSJ:
"HONG KONG—Chinese nickel titan Tsingshan Holding Group faces billions of dollars in trading losses, people familiar with the company said, after Russia’s war in Ukraine set off an unprecedented rise in the price of a key metal used in stainless steel and electric-vehicle batteries.

The paper loss stood at $8 billion on Monday, before violent moves in nickel prices led the London Metal Exchange to suspend trading in the metal on Tuesday, one of the people said. Late Tuesday, the exchange said it anticipates trading won’t resume before Friday.

Tsingshan couldn’t be reached for comment. Chinese media outlets reported the $8 billion loss earlier Tuesday."

 

[Charles West]

WSJ:
"HONG KONG—Chinese nickel titan Tsingshan Holding Group faces billions of dollars in trading losses, people familiar with the company said, after Russia’s war in Ukraine set off an unprecedented rise in the price of a key metal used in stainless steel and electric-vehicle batteries.

The paper loss stood at $8 billion on Monday, before violent moves in nickel prices led the London Metal Exchange to suspend trading in the metal on Tuesday, one of the people said. Late Tuesday, the exchange said it anticipates trading won’t resume before Friday.

Tsingshan couldn’t be reached for comment. Chinese media outlets reported the $8 billion loss earlier Tuesday."

Boy am I glad I didn't authorize that short play!

 

[IlliniApp]

Gas is $4.199 here with ag diesel $4.50.

 

[TerryRohrer]

Boy am I glad I didn't authorize that short play!

The Hunts only lost a billion and it took a decade or more to unwind. This was much more efficient!

 

[Terrel L. Shields]

Boy am I glad I didn't authorize that short play!

badly needed a straddle hedge

Gas is $4.199 here with ag diesel $4.50

We're in the $3.59 range up 20 cents in one day and diesel is just insane. I wish my diesel tank was full but is near empty.

 

[Charles West]

I paid $6.59 for Chevron prem today.

 

[Mejappz]

What did I tell you? If only I were good at predicting the winning lottery ticket as I am everything else.

Venezuela Releases Imprisoned Americans After Talks With U.S. (Published 2022)

The release of Gustavo Cárdenas, an executive at the U.S. branch of Venezuela’s state oil company, and Jorge Alberto Fernández came after Biden officials moved to thaw relations with Venezuela, long a steadfast Russian ally.

www.nytimes.com

 

[residentialguy]

Not sure if this was posted yet, but you all must see this!

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