Oil

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I did, it’s why I thanked him for adding some color but the point is the advantage and market only lean our way. You can argue magnitude all you want but the advantage only serves our purposes… USA!!!👍🏽😂😂🇺🇸🇺🇸
 
The type of coal or oil has significant impact on the producer’s fortunes.

Venezuela has one of the largest oil deposits, but their economy is crap partly because their oil is basically tar (extra heavy crude). In order to pump it through a pipe they have to add 30% dilutents which is mostly imported.

In comparison 70% of Saudi oil deposits is light crude and easily transported & refined into gasoline.

If Venezuela’s oil reserve was light sweet crude, they’d have been a more successful petrolstate, at least until the money runs out.

Appalachian coke coal requires special processing by coking plant operators like SXC and CLF. An increase in coke coal export to China may also lift their stock price in short term.

I believe the largest American coke coal refinery is now owned by the Japanese (Nippon Steel).
 
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irvinehomeowner said:
So funny that morekaos doesn't get that momo's comment doesn't really support his "China needs US for energy" manifesto.
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Back in 2020-early 2023 when China blocked AU coal imports, US stepped in the fill the gap. Companies like HCC’s stock tripled.

While China may not absolutely “need” coal from US, the sheer volume of purchase can change the fortunes of an Appalachian coal mining company in a big way.

 
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Why would I take bets on something that can be manipulated?

I bet you that I will use the word "pneumonoultramicroscopicsilicovolcanoconiosis" in a post on TalkIrvine before midterm elections.

Why don't you bet on something you can't control... like how long it would take the war to end? Think you lost that one several times.
 
irvinehomeowner said:
Why would I take bets on something that can be manipulated?

I bet you that I will use the word "pneumonoultramicroscopicsilicovolcanoconiosis" in a post on TalkIrvine before midterm elections.

Why don't you bet on something you can't control... like how long it would take the war to end? Think you lost that one several times.
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you never proposed that bet…I’m not manipulating oil prices just telling you what would happen..I did bet on that outcome…and won every time…. (which no one else thought would happen)🤦🏽‍♂️😆😆😆👍🏽🇺🇸
 
Dancing again... I would quote you but you said check back in 6 weeks... how long has it been?

It's been how many weeks since Trump said it's over and yet... we are still just in a 60-day cease fire (which has been breached a few times).

And how long will it take for gas prices to normalize? It's summer season and Big Oil will raise prices quickly but not the opposite direction as fast.

Doesn't really matter to me... I don't get robbed at the pump.
 
no Dance, that war was over roughly in the timeframe they outlined it’s why the markets reacted so positively. They were moving hundreds of millions of barrels of oil through there and nobody even knew it….but me. And gas prices are already down and going lower, everywhere except here because we’re idiots.😆😆
 
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i’m driving to Montana Wednesday with my family in our Suburban, I’ll keep you updated on how cheap the fuel gets as we get further and further away from California🤦🏽‍♂️😆😆😆👎🏽🦄🌈
 
morekaos said:
no Dance, that war was over roughly in the timeframe they outlined it’s why the markets reacted so positively. They were moving hundreds of millions of barrels of oil through there and nobody even knew it….but me. And gas prices are already down and going lower, everywhere except here because we’re idiots.😆😆
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Wow... talk about TDS. It wasn't even close to "6 weeks"... and it's not over yet.

Market reaction is irrational... if they were still moving so much oil, why did the prices jump? You can't have it both ways.

Your bias is so outrageous you I'm surprised you're allowed to drive because your vision is so impaired. :)
 
irvinehomeowner said:
Wow... talk about TDS. It wasn't even close to "6 weeks"... and it's not over yet.

Market reaction is irrational... if they were still moving so much oil, why did the prices jump? You can't have it both ways.

Your bias is so outrageous you I'm surprised you're allowed to drive because your vision is so impaired. :)
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Sure it’s over… just like Venezuela and Gaza…(don’t hear about them anymore do ya?). Prices spiked bc of fools who panic….its why I make people so much money (I can tell who the fools are)…ultimately, markets are the only rational arbiter of the truth…just look at EV company stock prices🤦🏽‍♂️😂😂😂🇺🇸💰💰
 
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irvinehomeowner said:
Market reaction is irrational... if they were still moving so much oil, why did the prices jump? You can't have it both ways.
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Exactly what I mean….The talking heads are all Idiots…the markets are the best arbiter of truth…👍🏽💰🇺🇸

"Experts" Quite Simply Don't Hold a Candle To Markets

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The recent oil-price plunge again reminds us that markets are smarter than experts. It’s not that markets are never wrong; however, when they are, they correct themselves. In contrast when experts are wrong, they can stay wrong for an extended period—and ironically, continue to remain “experts.” An Investopedia story in March captured the prevailing wisdom of experts in the U.S.-Iran conflict’s early days: Market watchers are increasingly pessimistic about a swift return to normal for oil markets…” The New York Times stated the world would “probably have to wait for weeks or longer to see meaningful improvement.” The reasons for pessimism were many. “Goldman Sachs analysts warned about “oil infrastructure damage and efforts to refill strategic oil reserves…” There was also “Iran's incentive to target infrastructure and halt trade in order to inflict maximum economic pain.” Observed the Atlantic in piece titled “Oil Prices Might Not Go Back to Normal Anytime Soon,” there’s “a big difference between reopening the Strait of Hormuz on paper and actually resuming the flow of oil through it.” Yet just over a week ago, the New York Times ran this headline: “Oil Prices Return to Prewar Levels, Four Months Later” and wrote in the article: “Oil prices have fallen to levels not seen since before the war in Iran started…” Now the “problem” appears to be not a supply shortage but a “glut.”

https://www.realclearmarkets.com/ar...ly_dont_hold_a_candle_to_markets_1193163.html

 
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