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Started By
Message
Iraq oil spigot turned off by unrest
Posted on 8/29/22 at 9:22 pm
Posted on 8/29/22 at 9:22 pm
Tomorrow I would expect to see a serious price rise in crude oil as the market becomes aware that the political strife in Iraq will cause the closure of some oil exports. Iraq has been shipping 4.5 million bbls a day this year compared to Russias 8.5 million bbls/ day. Iraq is a relatively large producer.
10
Posted on 8/29/22 at 9:28 pm to Trevaylin
My energy stocks are about to eat.
Posted on 8/29/22 at 9:29 pm to sawtooth
quote:
My energy stocks are about to eat.
Let’s go HAL!
Posted on 8/29/22 at 9:29 pm to Trevaylin
Truck nuts [on] off.
Posted on 8/29/22 at 9:30 pm to Trevaylin
What unrest? There hasn't been shite about it on tv or the web.
Other than the radio I haven't heard a thing about it.
Other than the radio I haven't heard a thing about it.
Posted on 8/29/22 at 9:33 pm to Trevaylin
Rising gas prices suck but usually get blamed on the current resident of the White House.
Posted on 8/29/22 at 9:36 pm to L1C4
US embassy in bagdad evacuated by helicopter today. 20 locals killed and 250 wounded. Kuwait told its citizens they had to evacuate. Green security zone breached.
White House spokes person sez there is no problem
This post was edited on 8/29/22 at 9:39 pm
Posted on 8/29/22 at 11:36 pm to Trevaylin
quote:
White House spokes person sez there is no problem
That lesbian also said there is no one walking across our southern border.
Posted on 8/30/22 at 12:38 am to 1BIGTigerFan
Biden has also drained the strategic oil reserve
Posted on 8/30/22 at 12:56 am to Trevaylin
quote:
Biden has also drained the strategic oil reserve
Biden strategically drained the strategic oil reserve. FJB = massive ROI for his investors.
Posted on 8/30/22 at 6:08 am to Trevaylin
quote:
White House spokes person sez there is no problem
I have a gif that illustrates the incompetency of this administration and its press Secretary:
Posted on 8/30/22 at 6:55 am to Trevaylin
quote:
Tomorrow I would expect to see a serious price rise in crude oil
Down almost 3 percent.
Swing and a miss
Posted on 8/30/22 at 8:46 am to j1897
Dammit. I went all in on oil based on this thread!!
This post was edited on 8/30/22 at 9:07 am
Posted on 8/30/22 at 8:49 am to LRB1967
quote:
Rising gas prices suck but usually get blamed on the current resident of the White House.
We were energy independent a few short years ago.
Posted on 8/30/22 at 8:54 am to L1C4
US bugged out of the Green Zone which coincided with Al-Sadr calling it a career
The people who supported him are now stirring up all kinds of shite.
The people who supported him are now stirring up all kinds of shite.
Posted on 8/30/22 at 8:59 am to Trevaylin
quote:
White House spokes person sez there is no problem
Bagdad Bob 2.0
Posted on 8/30/22 at 9:02 am to Trevaylin
Going to be interesting if gas prices start going back up towards $4.00/Gal.
Posted on 8/30/22 at 9:08 am to notiger1997
quote:
Dammit. I shorted oil based on this thread!!
I mean, i'm losing my arse today, for no real apparent reason.
Posted on 8/30/22 at 9:57 am to FATBOY TIGER
quote:
We were energy independent a few short years ago.
And we still are by the definition. We are a net exporter of total petroleum products. We were not, even under President Trump, unless I’m missing something in the data, a net exporter of just crude oil.
We briefly lost the title of “net exporter of petroleum product” in 2021, but we are currently, as of May 2022 (that’s the latest data I could find) back to being a net exporter.
This post was edited on 8/30/22 at 9:59 am
Posted on 8/30/22 at 10:22 am to ragincajun03
Why are we importing oil? We have to export a lot of it to be refined and then, turn around and re-import it as fuel.
quote:
Crude Oil Exports by Country
Saudi Arabia: US$161.7 billion (16.5% of exported crude oil)
Russia: $82 billion (8.3%)
Canada: $74 billion (7.5%)
Iraq: $72.1 billion (7.3%)
United Arab Emirates: $69.4 billion (7.1%)
United States: $41 billion (4.2%)
Norway: $40.2 billion (4.1%)
Kuwait: $36.3 billion (3.7%)
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