Software 4.0 is loving computer because you love computer

Why is everyone saying the operational floor for Cushing is 20MM when we went down to 18MM in 2014? @Rory_Johnston does the floor change YoY?

Choose your boogeyman for oil bulls: 1. The algos 2. Market manipulation 3. Jawboning

I’ve never seen more AI slop than I’m seeing from oil industry talking heads. Entire Twitter threads and substack posts that are AI. Only one I’m seeing that’s legitimate analysis - not AI slop - is @Rory_Johnston

This is the best edit. No commentary. Just the sound of The Garden.

The Spurs know how to TAKE the lead, they just don't know how to HOLD the lead. And that's really the most important part of the lead: the holding

Had the Knicks lost that game Taylor Swift would’ve received a lifetime ban from MSG

The Knicks after Wu-Tang Clan performed at halftime

Guys we don’t need to see a prediction market graph to understand the Knicks had the greatest comeback in NBA history. Just watch the game.

Crazy how the Wu Tang Clan literally caused the greatest comeback in NBA history

How you know it’s really good

Wildly misleading. I thought this was sober analysis but it just seems like a minus sign in front of bulls.

If the US announced a 172MMbbl SPR release in March, and stated it would be released over the next 120 days, then why should the market be surprised by large weekly SPR pulls? @CommodMkt @Rory_Johnston @JavierBlas

Ok Fable is nuts

It’s shocking to see macro research completely polluted by AI slop.

The abundance illusion. Carter admitted the scarcity. It was honest. It was politically fatal. Every Administration since drew the obvious lesson: never admit to scarcity. Talk the price down. Release the reserves. Call it abundance and hope the problem resolves itself. It has worked for the past 50 years. 839 institutional investors. Record two-thirds expect oil prices to fall further. Even retail: oil ETF shorts exceed longs for the first time ever. The template is working. It has always worked. Until the buffer runs out. SPR 415→349mb. Global stocks drawing 6mb/d. That’s not supply responding to price. That’s inventory responding to price. And inventory, unlike production, has a floor. You cannot destock your way to energy security. See my latest note carlyle.com/carlyle-compass/…

.@robin_j_brooks does this count as a return to hostilities

API Inventory Moves 6/9 Crude -9.119 million (exp. -3.4 million) Gasoline -1.191 million Cushing -1.125 million SPR actual -7.9 million #oott #crudeoil #API #gasoline

Can someone explain to me why oil analysts insist on producing some of the worst visuals of all time? Like time series with 5 lines meaning nothing out of context? #ootd

the knicks need @HunterBiden for game 4 sitting front row

Prediction markets on the Strait of Hormuz tell you more about the share of traffic attributed to shadow fleets than they do about actual flows. The contract is decided by IMF PortWatch calls - they’re not tracking the ships without their transponders turned on.