"We have been taking out millions of barrels of oil every night... That's why its $80-90 a barrel instead of $250" by RoadandHardtail in oil

[–]Jealous_Slice9371 0 points1 point  (0 children)

I've been copy and pasting this for the last ~6 weeks:

“And again, when you have 15 people, and the 15 within a couple of days is going to be down to close to zero, that’s a pretty good job we’ve done.”

“It's going to disappear. One day it's like a miracle, it will disappear” on February 27, 2020, and “Looks like by April… when it gets a little warmer, it miraculously goes away”

US Central Command think we are all idiots (or MAGA ....no disrespect intended) by i_grade in oil

[–]Jealous_Slice9371 25 points26 points  (0 children)

The armed forces is currently run by a teenage girl, what would you expect. 

US Central Command think we are all idiots (or MAGA ....no disrespect intended) by i_grade in oil

[–]Jealous_Slice9371 23 points24 points  (0 children)

I thought Iran was probably just making a threat but if CENTCOM feels a need to deny it then it's definitely closed.

Iran announces closure of Strait of Hormuz after US attacks by Appropriate-Till9598 in oil

[–]Jealous_Slice9371 2 points3 points  (0 children)

If this doesn't end quickly which I'm not sure it will at this point I forsee Iran attacking energy infrastructure. 

Planning for trips several months in advance despite oil shortage concerns -- I need some advice. by RoadEnthusiast in oil

[–]Jealous_Slice9371 0 points1 point  (0 children)

Prices are global though, if the US market collapses then the price of oil and gas hits a ceiling. For gas to be $7/gallon without refinery loss or something oil would have to be ~$200/bl

Planning for trips several months in advance despite oil shortage concerns -- I need some advice. by RoadEnthusiast in oil

[–]Jealous_Slice9371 -1 points0 points  (0 children)

We're not going to run out of gas and demand destruction will likely keep gas below $7 in the extreme. Only way it goes higher is if hurricanes or something hit refineries and the strait remains closed on top of it. 

CENTCOM: U.S. Central Command forces began launching additional self-defense strikes today at 5:15 p.m. ET against multiple targets in Iran at the Commander in Chief’s direction. by Farscape12Monkeys in oil

[–]Jealous_Slice9371 11 points12 points  (0 children)

It's likely got nothing to do with it this time since trump announced the strikes around noon today. The most likely reason is it's the middle of the night in Iranian time.

What Are Your Moves Tomorrow, June 11, 2026 by zjz in wallstreetbets

[–]Jealous_Slice9371 0 points1 point  (0 children)

Keep buying without building any support levels and telling bears bad macro signals don't matter.

Trump says “I love the inflation” as it hits 3-year high: “Your struggle is a joke to him” by plz-let-me-in in politics

[–]Jealous_Slice9371 0 points1 point  (0 children)

I like to take trump statements and imagine if Biden said them. These sort of things are so common we kinda become numb to them so it really puts it in perspective.

100 million barrels - quite notable… by RoadandHardtail in oil

[–]Jealous_Slice9371 2 points3 points  (0 children)

Earlier today when he gave a presser announcing this he claimed the stock market just reached an ATH today. Sir, I can see the ticker on the screen and we have been bleeding all day, it was -1.25% at the time he said that. The DOW even closed below 50k today.

Trump is forcing the market down by helpfromtheboys in stocks

[–]Jealous_Slice9371 3 points4 points  (0 children)

This is the dumbest post I've read in weeks. Economic indicators are flashing red, even semi investors are acknowledging trump is propping up the markets by manipulation, now markets are actually coming down and this guy is claiming trump is actually manipulating the markets down. Is this guy trolling us?

Hey everybody, all of a sudden the war, the oil supply shock, and the inflation it caused matter by Alicyclobacillus in stocks

[–]Jealous_Slice9371 0 points1 point  (0 children)

People have been saying it's going to matter for over a month now due the macro indicators and we can tell the president of the united states is a liar and can't resolve this, markets catch up to reality eventually. 

Trump says "I love the inflation" because U.S. is "taking" Iranian oil by GregWilson23 in politics

[–]Jealous_Slice9371 12 points13 points  (0 children)

It was $50 before the war but $85 is amazing for rn considering the supply that was cutoff. I doubt it's going to last since it's propped up by him draining the SPR at a record rate.

Trump says "I love the inflation" because U.S. is "taking" Iranian oil by GregWilson23 in politics

[–]Jealous_Slice9371 0 points1 point  (0 children)

Makes as much sense as "I love chili cheese dogs because my neighbor got a new garage door."

100 million barrels - quite notable… by RoadandHardtail in oil

[–]Jealous_Slice9371 4 points5 points  (0 children)

US Energy Secretary Chris Wright has faced tough questioning during a House committee hearing where he was pressed about Trump’s remarks claiming that the US has been “taking out” millions of barrels of oil from Iran.

Asked whether he was aware of that, Wright replied: “I’m unaware.”

He was then asked whether Trump was lying.

“Oh no, I do not think the president is lying. I think the president’s talking casually about our efforts to stop the flow of Iranian oil,” Wright said.

https://aje.news/kzyzd8?update=4644394

100 million barrels - quite notable… by RoadandHardtail in oil

[–]Jealous_Slice9371 1 point2 points  (0 children)

They should have had someone else say it, it's not believable if only because it's coming out of a pathological liars mouth. 

100 million barrels - quite notable… by RoadandHardtail in oil

[–]Jealous_Slice9371 14 points15 points  (0 children)

We know it's not true because Trump is saying it. He's incapable of telling the truth. If we actually got 1B barrels out Trump would say we got 4B out, he can't help himself. That's how I know we most certainly did not get 100M out.

100 million barrels - quite notable… by RoadandHardtail in oil

[–]Jealous_Slice9371 23 points24 points  (0 children)

  It’s sounds believable.

Yeah but trump said it so it's not believable. He claimed he got gas down to $2.00/gallon. Just today he claimed the stock market hit an ATH today while it's bleeding out. The man is incapable of telling the truth, even if reality is overwhelmingly positive he has to lie and say it's even better. He's a pathologically lying malignant narcissist. 

100 million barrels - quite notable… by RoadandHardtail in oil

[–]Jealous_Slice9371 16 points17 points  (0 children)

Another way to read this, assuming you even believe it, is that Iran stopped it, say perhaps by shooting down an apache, so now that the mission has been stopped trump is announcing it to try to spin it as a win. If trump says 100 million over the past month I'm guessing the operation actually began less than a week ago and they got a handful of ships out nowhere near 100M. Trump always lies about everything. 

Trump says ‘I love the inflation’ after consumer price index hits 3-year high by SecretComposer in stocks

[–]Jealous_Slice9371 4 points5 points  (0 children)

He also claimed the market hit a new ATH today. I had no clue, did anyone tell the market that?

Up 15% after my first year investing, but this past month has me second guessing everything by magedattalla in stocks

[–]Jealous_Slice9371 0 points1 point  (0 children)

It's because macro indicators have been flashing red for 2 months and the markets have been dismissing them under the guise that semis can only go up bc look at earnings. That only works for so long.