Money & Economics
- Thread starter bigredfish
- Start date
mat200
IPCT Contributor
- Jan 17, 2017
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in other news,
Trump Jr, joins the ranks of Elon Musk, Jeff Bezos, Mark Zuckerberg in Forbes Riches people in the world ..
mat200
IPCT Contributor
- Jan 17, 2017
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Why Oil Isn’t Going Back to $60 Anytime Soon
Hedgeye
AI Summary :
Energy analyst Fernando Valle argues that oil prices are unlikely to return to $60 Brent this year due to significant, long-lasting damage to energy infrastructure in the Middle East, even if geopolitical tensions subside.
Key Takeaways:
Infrastructure Damage: (0:29) The damage to key energy locations is severe. Qatar Energy estimates it will take 3 to 5 years to rebuild LG trains representing 17% of their capacity (0:46-0:53).
Production Disruptions: (1:05) Iraq has experienced backups at Basra, affecting over 4 million barrels a day of production, which will take weeks or months to normalize (1:06-1:20). Similar shutdowns have occurred in the UAE and Kuwait (1:28-1:39).
Supply Chain Issues: (1:46) Tanker traffic is disrupted, and exports of critical crop nutrients like potash and sulfur are delayed, which could impact global crop yields for the next 6 to 12 months (1:50-2:15).
Price Outlook: (2:20) While oil might not stay above $100 if peace is reached, returning to $60 is considered impossible for this year (2:55-3:05).
Hedgeye
AI Summary :
Energy analyst Fernando Valle argues that oil prices are unlikely to return to $60 Brent this year due to significant, long-lasting damage to energy infrastructure in the Middle East, even if geopolitical tensions subside.
Key Takeaways:
Infrastructure Damage: (0:29) The damage to key energy locations is severe. Qatar Energy estimates it will take 3 to 5 years to rebuild LG trains representing 17% of their capacity (0:46-0:53).
Production Disruptions: (1:05) Iraq has experienced backups at Basra, affecting over 4 million barrels a day of production, which will take weeks or months to normalize (1:06-1:20). Similar shutdowns have occurred in the UAE and Kuwait (1:28-1:39).
Supply Chain Issues: (1:46) Tanker traffic is disrupted, and exports of critical crop nutrients like potash and sulfur are delayed, which could impact global crop yields for the next 6 to 12 months (1:50-2:15).
Price Outlook: (2:20) While oil might not stay above $100 if peace is reached, returning to $60 is considered impossible for this year (2:55-3:05).
It's no where close to DJI consumer/prosumer drones in range, flight time and price, so they pivoted to supplying the military with 10x price.
And the scumbags won't have to worry about anyone investigating LOL
Volume in stock and oil futures surged minutes before Trump’s market-turning post
Early-morning futures markets are typically less liquid, which can make short bursts of buying and selling more noticeable than during regular trading hours. Still, the trades raised some eyebrows because whoever purchased a large amount of stock futures and sold or shorted crude futures at that moment made a lot of money just minutes later.
The U.S. Securities and Exchange Commission and the CME Group didn’t immediately respond to CNBC’s requests for comment.
Not good.
Like Gold, its all about liquidity... it always is
Like Gold, its all about liquidity... it always is
Sybertiger
Known around here
Sybertiger
Known around here
Hope you loaded up with gold just prior to the announcement....oh wait...
mat200
IPCT Contributor
- Jan 17, 2017
- 18,310
- 30,698
ah .. news from Pravda ..
how many cars is that ?
Umm .. it states ..
20 cars ..
400-450k each .. that's less than 10 Million ..
Based on what I can find .. looks like Bentley is having challenges selling cars this last year ..
In 2024, Bentley Motors reported global vehicle sales totaling 10,600 units, a 21.5% decrease from the 13,560 vehicles sold in 2023.
- Americas: 1,652 vehicles sold (30% of total sales), a 20% decrease from 2,065 units in the same period of 2023.
- Chinese Mainland, Hong Kong, and Macau: 1,311 vehicles sold (24% of total sales), a 13% decrease from 1,512 units.
- Europe: 1,054 vehicles sold (19% of total sales), a 21% decrease from 1,340 units.
- Asia Pacific: 679 vehicles sold (13% of total sales), a 29% decrease from 963 units.
- United Kingdom: 428 vehicles sold (8% of total sales), a 38% decrease from 688 units.
- Middle East: 352 vehicles sold (6% of total sales), a 33% decrease from 528 units.
and how much is Putin worth ??
FWIW I shut down my brokerage acct at JPM yesterday and went to cash