Mark Dow - Latest News and Information
Technology Pulse
EMAIL DIGESTS
Daily
Every morning
Weekly
Tuesday recap
EMAIL DIGESTS
Daily
Every morning
Weekly
Tuesday recap
Technically, we have self-sufficiency, but it would be an expensive and lengthy process to re-work our entire distribution & refining system to tap into it. The internal distribution system (shipping, pipelines, etc) would have to be totally rewired to re-route what we export to other parts of the country that would normally import. And refineries would have to be built or retrofit to match the different types of crude they would receive.
As long as Iran still controls the strait of Hormuz, we’re gonna have issues. That’s really the bottom line here. By realizing it can control the strait (at least so far) Iran has gained strategic leverage relative to the outset...
Lower prices, lower yields, lower oil. Either that, or a new war in the Middle East. https://t.co/mnkr6zwlk9
Impulsive, overconfident, not thinking things through, being vulnerable to manipulation, and an overarching thirst for personal glory are terrible attributes in a decision maker.
Reminder, oil futures once traded at negative $42 a barrel. And if the meme stock traders get a hold of this thing who knows where it can go?
