RT @ericnuttall: President Trump: "we run out of reserves in about 4 weeks." We have for months said that tank bottoms would be hit by ~ Ju…

This is probably false because everybody told me there was lots of demand destruction

RT @HFI_Research: Based on the API vs EIA running error, API was supposed to be more BEARISH than EIA on crude for this week. Because API…

The Trump / Iran deal is even worse than previously reported.

$JPM changes view on oil, says prices should be near $130 / barrel now and will have no choice but to spike above $150 / barrel within the next 4 weeks. thestreet.com/latest-news/jp…

The Israeli Air Force has begun striking targets throughout Iran, according to Channel 14.

Moments ago, CENTCOM forces shot down four Iranian one-way attack drones that were launched toward the Strait of Hormuz. The attack drones posed an immediate threat to regional maritime traffic. U.S. forces subsequently struck Iranian coastal surveillance radar sites in Goruk and on Qeshm Island to defend against further attacks. American forces remain vigilant and postured to respond to unjustified Iranian aggression in self-defense.

🚨 Iran has reportedly launched multiple drones toward the Strait of Hormuz, with a U.S. official claiming to CNN that at least four were shot down by American forces. Explosions and air defense activity have been reported near Iran’s Kharg Island in the northern Persian Gulf.

News: Iran has launched multiple drones towards the Strait of Hormuz, according to a US official.  At least four Iranian attack drones have been shot down by US aircraft, per same official.  US official says they suspect these one-way attack drones were targeting commercial vessels transiting regional waters or U.S. forces operating in the vicinity.

IRAN HAS LAUNCHED MULTIPLE DRONES TOWARDS THE STRAIT OF HORMUZ-CNN

Security Alert: Exercise Increased Caution in the Middle East. Due to high tensions in the region, the security environment remains complex and can change quickly.  We remind U.S. citizens in the Middle East of the continued need for caution and encourage them to monitor the news for breaking developments.  The State Department Travel Advisories for Bahrain, Israel, the West Bank, Jordan, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates remain at Level 3 – Reconsider Travel.  Iran, Iraq, Lebanon, Syria, Gaza and Yemen remain at Level 4 – Do Not Travel. Potential for Hostilities: U.S. citizens should know the location of the nearest shelter in the event of hostilities. Enroll in the Department of State’s Smart Traveler Enrollment Program (STEP) mytravel.state.gov/s/step. STEP enrollment connects you to the U.S. embassy or consulate, so you receive the latest security updates.  It also makes it easier for the U.S. Embassy or consulate to contact you in an emergency. Read full message here: il.usembassy.gov/security-al…

Elon deserves to be in prison for life

Turns out ts is too expensive to replace us 😭

Ladies and gentlemen, WTI right now is $96.40, up $2.65. The US dollar is $1.39 Canadian. Therefore the Edmonton light oil price presently is approximately $134/Bbl. Every Canadian oil stock currently is valued by the market by at least 25% below their fair value. Time to buy!

Forget oil demand destruction... the next stop is outright shortages. Morgan Stanley says no oil demand destruction below 120 dollars a barrel, and Axios together with the Trump administration will never allow that price to hold for long. They’re crushing oil with fake‑news headlines in the middle of the biggest supply shock ever, which only fuels demand instead of reducing it.

Hardest hit sectors of economy are those directly targeted by Trump. Aluminum, lumber, and auto. So if you don’t understand this you’re too stupid to be an MP, Roman. Resign.

Same bullshit

A week later and still no Iran deal. Excited for all the🚨🚨🚨 oil market manipulation leaks we'll get to read today!

Unique among the G7, Canada has the misfortune of sharing a 9,000 km border with the tariff happy superpower that buys 72% of its exports.

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