Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Https://oilprice.com/Energy/Crude-Oil/US-Eyes-Tighter-Sanctions-On-Irans-Oil-And-Gas-Exports.html
Good morning Ggp, yes a nice problem to have indeed:-)
Hi Ggp good analysis there, just over 2 weeks to go till Q3. Hopefully there’ll some good news the Market to like to push SP even higher. I can only hope!
Https://oilprice.com/Energy/Crude-Oil/All-Eyes-On-Iran-For-Security-Of-Oil-Supply.html
B’s all-time high 2841 (closing price) made on 21/05/2018 it’s getting close, it doesn’t seem that far away now.
Who’s feeling rich now at this current price, let me hear you scream! Enjoy the good feeling cos you decided to risk your money, this is your reward so enjoy fellow shareholders.
Ha Ha Ggp you cracked me up, have a glass for me please.
Have a good weekend all!
Well hello 27 it’s good to see you again, Nomad1 it was only last month we were talking about it but who knew miracles will come this soon. I’m not complaining about it are you :-)
Hi Ggp interesting thoughts on the debt per capita but no if the Republicans have their way, they’ve been moving migrants to Democrats held areas since Biden became President.
Without the Dollar hegemony, would anybody be trading in Dollars with that much debt in the first place I wonder.
New Day and new Month starts tomorrow so let’s see what the SP holds for us!
Https://oilprice.com/Energy/Crude-Oil/Saud-Arabias-Oil-Gamble-Pays-Off-With-95-Brent.html
Hi Ggp thank you and good afternoon to you, I agree and it seems only the US get away with it with over $30T (that’s with a T) in debt and only Fitch downgrade it in August (only the second time in history after S&P downgrade in 2011). I don’t think any other country will get away with it for this long, do you remember the Euro debt crisis in 2010.
On Opec+ meeting I just found this article “all rumours and whispers”, I think they will stick to the current cuts at moment but I could be wrong cos i’ve been wrong b4. So let’s see what Wednesday brings.
https://uk.investing.com/news/commodities-news/opec-panel-unlikely-to-tweak-oil-policy-at-weds-meeting--sources-3173395
Hi Ggp I just heard on the news that the Spending Bill has just passed the house for a 45 days extension bill and now moves to the Senate. So hopefully it will be signed in time and there won’t be a shutdown and a panic in the Market on Monday.
Also thank you for the article, I look forward to Wednesday to hear what Opec+ decides.
Russia tweaking the ban and creating more loopholes, I guess cutting off the hand that feeds you is not a good idea.
https://uk.investing.com/news/commodities-news/russia-makes-minor-tweaks-to-its-fuel-export-ban-3165881
Hi Ggp thank you, exactly my thoughts and wanted to share the interesting articles asap when I saw them earlier. Us PIs need all the good info we could find to make an informed decisions for risking our own money.
Yes I agree your thoughts on Recession that’s how it looks to me too but I hope i’m wrong. Yes the US election is only just over a year away now (05/11/2023),and I wonder how Opec+ will act if OP are still who ever wins.
The De-Dollarisation is an interesting subject indeed and it wouldn’t have happened if Richard Nixon didn’t make a deal with the house of Sauds in 1974-75 and guaranteed their security instead of using a basket of major currencies which would have been still in use now if it didn’t happen. And to me it would be still useful since commodities are international thing.
I hope they’re wrong to me that would certainly confirm a Recession, because oil prices that high would lead to higher Inflation, increasing Interest rate and tightening credit market that will have longer impact on the economy.
https://oilprice.com/Latest-Energy-News/World-News/JPMorgan-Analyst-Sees-Energy-Supercycle-With-Oil-As-High-As-150.html
Oil net long contracts
https://www.ft.com/content/bb1ac712-2f58-4eb8-bf87-a372ceedd07e