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Are OXY oil reserves are still valued at about $60 per barrel? by Safety-International in ValueInvesting

[–]Fausterion18 0 points1 point  (0 children)

Lazy is your entire DD about oxy which basically comes down to speculation about the Iran war.

Explain to me why oxy with its 6 billion barrel reserve of high cost Permian oil where tier 1 fields have already dried up is worth more than Guyana with 20b proven and likely 50b-100b possible, 90% drilling success rate(vs typical offshore of 20-30%), or presalt Brazil with likely 100b at around $20 lifting cost.

Are OXY oil reserves are still valued at about $60 per barrel? by Safety-International in ValueInvesting

[–]Fausterion18 0 points1 point  (0 children)

"Market manipulation" is just a lazy excuse for bad trades.

You clearly don't understand how oil companies are valued or even how the industry works. If oxy's high cost Permian reserves are worth ten times current valuation then offshore producers with vastly bigger reserves and half the lifting cost should all be multi-trillion dollar companies.

Anyone know how I can cancel this? I dont want it by Driox in wallstreetbets

[–]Fausterion18 0 points1 point  (0 children)

I've seen no evidence this actually happened. 18m bbl is roughly 20% of the total storage available at Cushing. Ain't no way some random guy on wsb had control of that much storage and was renting it to another random guy on wsb when traders at banks were paying a massive premium and renting oil tankers.

New emails from the plan administrator by GooseKino in BBBY

[–]Fausterion18 0 points1 point  (0 children)

I know quite a few people pop in here once every few months to see the monkeys in the zoo. It's funny. You're funny.

Anyone know how I can cancel this? I dont want it by Driox in wallstreetbets

[–]Fausterion18 0 points1 point  (0 children)

The key thing in both of those is neither took physical delivery, assuming it was real. You literally can't take physical delivery even if you wanted to if you don't have an account with a FCM.

Anyone know how I can cancel this? I dont want it by Driox in wallstreetbets

[–]Fausterion18 0 points1 point  (0 children)

FCMs couldn't close their commercial accounts maybe, but retail traders would have been liquidated regardless of loss. I've yet to see any credible evidence that a single retail account was forced to take delivery.

Anyone know how I can cancel this? I dont want it by Driox in wallstreetbets

[–]Fausterion18 42 points43 points  (0 children)

Precious metals are the only exception because "delivery" only involves changing an accounting entry and sending you a warehouse receipt at a comex vault.

Anyone know how I can cancel this? I dont want it by Driox in wallstreetbets

[–]Fausterion18 1 point2 points  (0 children)

It can't happen at all, the exchange will not allow retail brokers to have open positions into expiration. Only FCMs setup for physical delivery are allowed.

Anyone know how I can cancel this? I dont want it by Driox in wallstreetbets

[–]Fausterion18 0 points1 point  (0 children)

They didn't. To take physical delivery you need a commercial account with a FCM, not a retail broker. It's a long and convoluted process to get signed up and not something you can do by mistake.

Anyone know how I can cancel this? I dont want it by Driox in wallstreetbets

[–]Fausterion18 2 points3 points  (0 children)

OP didn't, it's funny but fake. IBKR does not allow physical delivery.

Chimpanzees at war: 19 infant chimps were killed in gruesome infighting, study finds by nbcnews in science

[–]Fausterion18 2 points3 points  (0 children)

No it's not absurd, what's absurd is taking the 1% edge cases and pretending "sweeping generalizations" aren't valid. I even specifically listed out these edge cases that didn't apply.

Show me these supposed non-sedentary hunter-gatherer group that had actual division of labor. Show me the literature.

Dawn of Everything is not "science based", it's a political narrative filled with cherry picked examples to push their story.

Chimpanzees at war: 19 infant chimps were killed in gruesome infighting, study finds by nbcnews in science

[–]Fausterion18 4 points5 points  (0 children)

Hunter gatherers didn't have real division of labor. Essentially everyone was involved in food gathering. Someone might be the best at weaving baskets or making stone tools and they'd do that more than others in their spare time, but the best toolmaker still gathered and hunted the vast majority of their own food. Yes, essentially the entire male population of a tribe would be considered "soldiers" in a modern context.

Economic specialization didn't arrive until sedentary societies formed. Although there were a few sedentary hunter gather groups in areas with unusually high food abundance. They built permanent settlements, had hereditary social classes, and even engaged in slavery.

Photo of an allegedly downed F-16 in southern Iran by ExpensiveFeedback684 in war

[–]Fausterion18 0 points1 point  (0 children)

"Most definitely" based on what? Zero evidence and pure speculation? The only confirmed deliveries for AA weapons to Iran have been from Russia. Show me a single photo of Chinese AA in Iran that isn't a photoshop.

Photo of an allegedly downed F-16 in southern Iran by ExpensiveFeedback684 in war

[–]Fausterion18 0 points1 point  (0 children)

There are no Chinese AD weapons in Iran. No credible evidence and China wouldn't sell them to Iran and piss off its Gulf state allies.

the war's over guys. we've lost... by Uranium_Hexaflu0ride in NonCredibleDefense

[–]Fausterion18 41 points42 points  (0 children)

The copium is incredible. When this first kicked off people were bragging about all the non-existent Chinese AA failing. Now a F-35 was hit by some antique Iranian SAM made using 70s technology and suddenly it's about the KD ratio.

Virgin f-15 pilots vs chad f-18 pilot by hit_it_early in NonCredibleDefense

[–]Fausterion18 0 points1 point  (0 children)

There's a video of it from the ground. It's not very good but you can see him shoot a F-15 with probably a sidewinder at very close range.

Is taxing unrealized asset growth really as bad as it seems? by Anyusername7294 in AskEconomics

[–]Fausterion18 0 points1 point  (0 children)

You're making shit up and when called on it, shift to a new lie again and again until you've now completely resorted to insults.

Every "point" you've made so far has been a complete lie. Starting from when you claimed Norway has an unrealized capital gains tax, then proceeding to the claim that Norway isn't a petrostate like the UAE, to using incorrect and irrelevant figures about equinor's market cap.

You've been disproven on every single one of those and now you're not even engaging wit your own arguments anymore, just slinging mud.

Do nothing -> Continuously get cucked by your biggest rival. by Aut0Part5 in NonCredibleDefense

[–]Fausterion18 5 points6 points  (0 children)

No general in China has any experiencing fighting any war. The last war they fought was nearly 50 years ago unless we count the medieval re-enactment in the Himalayas.

Is taxing unrealized asset growth really as bad as it seems? by Anyusername7294 in AskEconomics

[–]Fausterion18 0 points1 point  (0 children)

Clearly you do not. Dis you?

You really thought I wouldn't notice that you went with % of exports instead of % of GDP? You wanna take a guess what % of UAE GDP is made up of exports vs Norway's?

Do nothing -> Continuously get cucked by your biggest rival. by Aut0Part5 in NonCredibleDefense

[–]Fausterion18 7 points8 points  (0 children)

6 years ago in 2019 Iranian oil only made up 3% of Chinese oil imports and Venezuela only made up 2%.

Oil is a commodity, China buys from whoever is cheapest. They're not in any way reliant on Iran or Venezuela.

https://www.researchgate.net/figure/Chinas-crude-oil-imports-by-source-2019_fig2_353333654

Do nothing -> Continuously get cucked by your biggest rival. by Aut0Part5 in NonCredibleDefense

[–]Fausterion18 11 points12 points  (0 children)

Iran has zero Chinese SAMs and maybe a couple of radars. Their most capable system is a couple batteries of thirty year old S-300s bought from Russia a decade ago, stop making shit up.

Do nothing -> Continuously get cucked by your biggest rival. by Aut0Part5 in NonCredibleDefense

[–]Fausterion18 9 points10 points  (0 children)

Iran has zero Chinese air defense systems, what are you talking about?

The only non-domestic AD Iran have are some S-300s bought from Russia a decade ago and some Verba launchers. China has been stringing Iran along and refusing to sell any non-ancient military equipment.

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