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bucolic_frolic

(56,069 posts)

2. The storage cushion is fudgy.

Reply to LymphocyteLover (Original post)

Thu Jun 4, 2026, 07:52 AM

22 hrs ago

Saw some stats and generally all countries have drawn down about 25% thus far. Then they said they can't draw all the way to the bottom because the sludge is down there. Sounds like they don't really know what's at the bottom, might depend on how long it's been stored, the year of the first fill. Shouldn't that stock be rotated? Maybe this war is the excuse.

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If the Strait of Hormuz doesn't open soon, as seems likely, there will be a massive economic crash [View all] LymphocyteLover 22 hrs ago OP

The shit is on the wing orangecrush 22 hrs ago #1

The storage cushion is fudgy. bucolic_frolic 22 hrs ago #2

President Bone Spurs had a plan to get out of Vietnam. Emile 21 hrs ago #3

Daddy's not buying his way out of this one. dem4decades 21 hrs ago #4

From another perspective cachukis 21 hrs ago #5

there's definitely been some adaptation... but still a lot has been kept afloat by the reserves that are likely to run LymphocyteLover 16 hrs ago #27

No question. One of my worries is the takeover of cachukis 15 hrs ago #31

Absolutely. I totally agree on all those points. The stock market is particularly a mess IMO LymphocyteLover 15 hrs ago #32

Have invested mostly in real estate over the last cachukis 15 hrs ago #34

Why would " Diesel goes first"??? Melon 21 hrs ago #6

800,000 to 1.2 million SamuelTheThird 20 hrs ago #11

It's one country. Multiply across all oil producing Melon 12 hrs ago #41

Yes, but the key is how long the strait stays closed and how quickly the reserves run out LymphocyteLover 16 hrs ago #28

Diesel is often made from mideastern crude while gasoline is made from US crude JT45242 15 hrs ago #30

Completely wrong. GreatGazoo 21 hrs ago #7

lol@your link SamuelTheThird 20 hrs ago #10

You ignored all the numbers to nitpick about semantics GreatGazoo 19 hrs ago #15

Are America's strategic reserves at a 40 year low right before the summer season? SamuelTheThird 19 hrs ago #19

Traders in Singapore, Beijing and Mumbai aren't duped by whatever Trump says GreatGazoo 14 hrs ago #36

This message was self-deleted by its author LymphocyteLover 15 hrs ago #29

Futures Are Not Delivery modrepub 13 hrs ago #39

"futures price contracts probably isn't a good predictor of actual future prices" -- meaning spot prices, yes GreatGazoo 10 hrs ago #42

Appreciate your insight as I'm an admitted economic idiot. I can see where Exxon would be trying to "warn" Cheezoholic 17 hrs ago #21

Futures lock in a price right now GreatGazoo 16 hrs ago #22

Admittedly, Im no expert or even amateur...but SamuelTheThird 14 hrs ago #35

Since oil is sold as futures there is more profit when buyers panic about the future GreatGazoo 14 hrs ago #37

All hinging on a deal that isn't going to happen SamuelTheThird 14 hrs ago #38

Last week Exxon Mobil warned that oil inventories will fall to record low levels in coming weeks LymphocyteLover 15 hrs ago #33

Demand destruction WSHazel 21 hrs ago #8

"one of the key reasons that Trump started this conflict was to increase energy prices"-- agree LymphocyteLover 16 hrs ago #25

And it's all part of the plan... 2naSalit 20 hrs ago #9

Excellent summation. Kid Berwyn 20 hrs ago #12

I don't think the Strait of Hormuz never reopening is going to happen, but it will not reopen without a major shock ToxMarz 19 hrs ago #13

Agree. Thanks for the link. LymphocyteLover 16 hrs ago #24

Kick dalton99a 19 hrs ago #14

MAGA does the full collapse kairos12 19 hrs ago #16

First the bastids want to grift off it, if they can. GreenWave 19 hrs ago #17

But I thouight it would be open in two weeks. AverageOldGuy 19 hrs ago #18

That's the point. Blue Full Moon 19 hrs ago #20

Unbelievably awful LymphocyteLover 16 hrs ago #23

It's happening now as we speak. marble falls 16 hrs ago #26

Remember that the UAE left OPEC a few weeks ago WSHazel 13 hrs ago #40