Very reassuring. Haha 

The market was having none of it.

grayruby

He's been yoyoing the price of oil and stocks since the war started, while his buddies and family front run. Nothing new. His predecessors did it too.

Central bankers used to involve "open mouth operations," ie _talk_ the stock/bond markets to where they wanted them. Orange man doing that for oil...?

denlillaapan

I just heard somewhere that California imports 40% of its oil?

It’s certainly better to be a net exporter right now

Undisciplined

> “Their leaders, most of them, **terrorist regime, they led,** are now dead.”

> “They, **leave it to your imagination,** but they can’t believe what they’re seeing…”

> “We took them out, **we took them all out** so that no one would really dare stop them…”

> “And one year we’ve taken a dead and crippled country… **and made it the hottest country anywhere in the world by far**…”

> “It’s known as **the nuclear Iran,** and they didn’t know what was coming.”

Just read the sentences.  Maybe the market priced in a U.S. President who lacks the ability to resolve his own sentences real time.

Yermin

If you nuke the supply, the solution is to nuke the competing demand too. Simple.

optimism

Already begun: https://open.substack.com/pub/shanakaanslemperera/p/the-architecture-of-bypass

What's really interesting is looking at the currencies of countries like India. They have to pay high oil prices, AND the oil is priced in US dollars. There will probably be more of an effort to end the petro dollar, but that's probably a long way off.

siggy47

https://saifedean.substack.com/p/escalating-from-suez-to-waterloo?

Solomonsatoshi

Politics_And_Law

econ

Great speech by Trump last night.


CNBC says WTI is now over $112 a barrel.