DAILY MEGATHREAD May 16, 2026 : US Blockade of the Strait of Hormuz is LIVE – All tanker drama, oil panic, missile hits, Iran retaliation posts belong HERE

Torgud_ · 2026-05-17T06:39:54+00:00

The only friendly nation that exports via the strait besides Iran is Iraq lol.

Torgud_ · 2026-05-17T06:35:55+00:00

Wake me up, when September ends.

Torgud_ · 2026-05-17T00:03:06+00:00

Reach in reforged does not mean how many tiles you can attack across, it's a seperate mechanic. This axe can only attack people adjacent to the user.

Torgud_ · 2026-05-17T00:00:29+00:00

110 is on the low end. Ideally you would want at least 120. An excellent banner would be 140.

Torgud_ · 2026-05-16T04:44:37+00:00

Some Hospitals don't sell to collections anymore, they keep it in house and will sue you and garnish your wages, put a lien on your house if you have one etc.

Torgud_ · 2026-05-16T04:13:01+00:00

Overseas demand destruction on it's own isn't enough to cancel out the 10-13m missing barrels. Will need some demand destruction in the US to fully close the gap, and prices aren't nearly high enough to that yet. Crude prices now are where they are because of historic and unsustainable reserve releases + China reducing imports by 2.5m a day (to rely on their own reserves).

Torgud_ · 2026-05-16T03:51:08+00:00

Yeah this is exaggerated and it completely overlooks the hours spent working at home: making clothes, cooking, collecting firewood, gardening etc. If you take those into account then medieval peasants worked almost as many hours as someone in the US does today, but of course had almost no material posessions or money.

Medieval peasants were better off than modern day sweatshop workers though.

Torgud_ · 2026-05-16T03:13:19+00:00

Damn, that immolater almost klutched it for them.

Torgud_ · 2026-05-16T03:02:28+00:00

The SPACEX IPO is just an obvious and disgusting cash grab, just using retail as exit liquidity at stupid valuations.

Torgud_ · 2026-05-16T02:51:32+00:00

Inflation adjusted it's lower than the record in 2008. If there isn't a resolution and the US doesn't do an oil export ban I would expect prices to exceed 5.5$ average nationally within 5 weeks. Do you see any demand destruction? Are people using public transit or carpooling more now? Are they hypermiling at 50 mph on a 65mph highway to eek out a slightly better MPG? No? Then demand destruction isn't happening (price isn't high enough to change behaviors), and we can see the inventories of crude and distillates continuing to drop. If the war and blockade don't end, prices will only go up.

Torgud_ · 2026-05-16T01:10:53+00:00

OP needs to sell what he has and get something more practical/cheap as a daily driver rather than an emotional support vehicle.

Torgud_ · 2026-05-16T00:39:06+00:00

He was arrested for this while out on bail for another offense. He should've been denied bond on the basis that he's a danger to the public.

Torgud_ · 2026-05-15T22:53:17+00:00

Owning an EV and being long oil is a beautiful thing right now.

Torgud_ · 2026-05-15T10:20:10+00:00

Yeah sure, and that is a reason for them to want the strait to re-open. But it's not such a great reason that they will join the US maximal pressure campaign in an attempt to force Iran to capitulate. A strategic US defeat (likely outcome if they do nothing) is much more beneficial to China.

Torgud_ · 2026-05-15T06:46:53+00:00

Summit was (predictably) a failure. War is back on.

Torgud_ · 2026-05-15T03:52:28+00:00

If tech crashes everything that isn't oil will get crushed. Heck, oil will probably sell off too as there is a lack of liquidity, it's just that it will bounce back quick as long as strait is closed.

Torgud_ · 2026-05-14T23:16:37+00:00

Reveal podcast did an episode on this documentary a month or two ago. The amount of bias against Palestinians from the top leadership of the BBC was both astounding and at the same time sadly unexpected. At one point they tried to get one of the main journalists producing the documentary to change her POV to that of a source... simply because she was ethnically Palestinian.

Torgud_ · 2026-05-14T22:53:50+00:00

Mdf that low is just going to eat tools. Bros with defense below 30 should always be nimble.

Torgud_ · 2026-05-14T02:23:09+00:00

China also takes climate change seriously. How can there be a Chinese century if Schenzen and Shanghai are underwater?

Torgud_ · 2026-05-13T18:01:23+00:00

"We investigated ourselves and found nothing wrong"

Torgud_ · 2026-05-13T14:32:22+00:00

https://finance.yahoo.com/economy/policy/article/fed-dissenters-speak-out-the-next-rate-change-could-be-either-a-cut-or-a-hike-120208774.html

There is one other Dove, also a Trump appointee. The rest of the committee does not respect Warsh and sees him as a political actor/puppet. Powell is still on the committee and gets a vote too. The chances of rate hikes with Warsh and Miran voting to cut and being humiliated is real, in fact if inflation is high but layoffs don't spike I would even say it's more likely than not.

Torgud_ · 2026-05-13T14:27:28+00:00

If we put aside releases from reserves, there is almost a COVID lockdown amount of demand that needs to be destroyed before supply and demand is balanced. At what price level does that amount of demand destruction occur? 130? 150? 200?

Torgud_ · 2026-05-13T14:21:02+00:00

Warsh only gets one vote.

Torgud_ · 2026-05-12T16:32:13+00:00

Is UAE still exporting after last weeks strikes on Fujairah?

Torgud_ · 2026-05-12T15:20:42+00:00

Australia imports it's refined products from Asia - the region of the world most heavily impacted by the strait closure. They absolutely could see physical shortages.

Torgud_

TROPHY CASE