Im in the Marine industry, where we use a lot of solvents and such. I was notified today that 27 of 29 refineries have been shut down in Texas due to pipes bursting from that freeze. They arel limiting our solvent usage and expecting shortages coming. Almost like a movie playing out called "The Death of The American Economy", wouldn't you say?
Funny, I didn't see this on the news. I had to look it up. You'd think they'd mention this as more than just a passing story. I guess there will be something bigger on the way, maybe an escalation, to help drive the Mid-East turmoil narrative.
The attacks started in late 2019 and targeted both Iranian vessels, and other ships with Iranian cargo, the report said, citing US and regional officials. Some of the alleged Israeli strikes, which took place in the Red Sea and other areas, targeted Iran-linked weapons shipments, the report said. The attacks did not sink the tankers but forced at least two of the vessels to return to port in Iran.
My mom sent me an article today that there might be a temporary toilet paper shortage because of lack of space on container ships + the ship blocking the Suez canal now. CNN has an article saying it could take days or weeks to dislodge it. Said 160 ships were waiting to pass.
I would say Bullish because the M.I.C will get ramped up. They want their piece of the TRILLIONS in government spending pie and I think now is the time for them to enter the fray.
Im in the Marine industry, where we use a lot of solvents and such. I was notified today that 27 of 29 refineries have been shut down in Texas due to pipes bursting from that freeze. They arel limiting our solvent usage and expecting shortages coming. Almost like a movie playing out called "The Death of The American Economy", wouldn't you say?
The pipes burst a month ago, but they shut down the refineries today?
They certainly did!
(my) next target to take profit with dow2 is about 32,800
>> Oil i expect lower, maybe 52 USD before it is skyrocketing. I'm with Greg to look for a big event to occur here.
S/R level? I'll start scaling in at $54.03
what does S/R means? Stop?
support/resistance
47.09
That's what I'm seeing too.
Funny, I didn't see this on the news. I had to look it up. You'd think they'd mention this as more than just a passing story. I guess there will be something bigger on the way, maybe an escalation, to help drive the Mid-East turmoil narrative.
Could take WEEKS to get cargo ship unstuck in the Suez Canal.
https://www.youtube.com/watch?v=LQih5OqA5kg
The attacks started in late 2019 and targeted both Iranian vessels, and other ships with Iranian cargo, the report said, citing US and regional officials. Some of the alleged Israeli strikes, which took place in the Red Sea and other areas, targeted Iran-linked weapons shipments, the report said. The attacks did not sink the tankers but forced at least two of the vessels to return to port in Iran.
Black Flag Event Incoming.. 3...2..1...
Crude is going to make up for a lot of lost time ........ $70 to $75 should hit fast ...
Hopefully.
My mom sent me an article today that there might be a temporary toilet paper shortage because of lack of space on container ships + the ship blocking the Suez canal now. CNN has an article saying it could take days or weeks to dislodge it. Said 160 ships were waiting to pass.
But isn't war fears initially bearish for stocks?
I would say Bullish because the M.I.C will get ramped up. They want their piece of the TRILLIONS in government spending pie and I think now is the time for them to enter the fray.
Normally during times of war, the markets skyrocket. However leading up to or fear of, i am not sure on. Anyone?
Auto hoax
Anyone buying oil this afternoon?
Nope. I'm waiting for price to drop more, then I'll start buying more USO calls.
Invesco (DBO) Etf for my IRA ....
I'm waiting.