Unintended Consequence
@UnintendedCons5
The annual change in global atmospheric CO2 concentration since 1958 (when it started direct measurement) vs annual change in human CO2 emissions is moderate on a 65yr scale and poor on a 10yr scale. Trillions go into this relationship. Why? No causation w/o correlation
"Swimming in crude" Except visible days cover is the lowest on record and YTD backwardation highest in a decade outsied of Russia war. TIresome narrative. Where are the barrels? Its not the "Chinese SPR" - the boogeyman.
COLUMN: The seasonality of the oil market has changed dramatically over the last two decades. While in the past (and until ~2015) annual peak demand was set in 4Q, now it's 3Q which sees the highest consumption. That matters a lot this year | #OOTT bloomberg.com/opinion/articl…
Who bought it? Tricky procurement at that refinery.
In rare move, #California steps in to find buyer for Valero refinery to avoid closure, sources say - Rtrs #OOTT
Real numbers
#NorthDakota: May oil production was at 1.113mbpd, down by 61kbpd or 5.2% m/m, down 86kbpd or 7.2% y/y Pipeline authority #OOTT
Welp. That’s a big deal. Maybe a week or two to restart. Maybe a full line purge needed.
An excessive level of organic chlorides has been found in some Azeri BTC cargoes, disrupting loadings, several industry sources told Reuters on Tuesday. #oott lse.co.uk/news/high-leve…
No shit IEA (and GS and more) are far too low on demand estimates 👇 Someone alert @JavierBlas when he’s done swimming in his oil pool.
Lol Conan. Personal fav
A Moment Conan O'Brien will hold onto for a very long time
Hahahaha - never
"President Trump will introduce 100-percent tariffs against all countries that continue to purchase Russian oil - including China, India, and Brazil, which together account for about 80% of Russia's energy exports," said Senator Lindsey Graham on Fox News
No one believes this.
Lindsey Graham: Here’s what I would tell #China, India and Brazil. If you keep buying cheap Russian oil… we will tariff the hell out of you and we’re going to crush your economy #Ukraine #UkraineRussiaWar #Russia #oott
I haven't been through the Bee in a minute. Good stuff
Biden’s Teleprompter Assures Nation It Approved All Autopen Decisions buff.ly/OatDBPw
Haha - sad but true
Republicans Celebrate $9 Billion In Spending Cuts After Passing Bill That Adds $3 Trillion To National Debt buff.ly/zUR0X3F
2H25 Canadian heavy diffs have moved substantially weaker of the past several days. It means more heavy supply to Cushing and USGC (the IJT is in the money); higher Canadian exports despite low storage. This will alleviate some of the Cushing and DSW tightness.
Haha ouch.
Meanwhile… the arrogance and ignorance of Europeans is unrivaled. Broke, living off those “ignorant American southerners” to feed them, provide defense and dollars so their welfare states remain intact while the world uses them as a glorified Club Med filled with sissies who…
Market share isn’t a real thing.
OPEC Is Playing The Long Game | OilPrice.com #OPEC is pursuing a long-term strategy to increase its market share and is unwinding production cuts, with oil prices remaining strong due to factors beyond OPEC's direct control. #OOTT oilprice.com/Energy/Crude-O… #oilprice
Its a real point.
This cannot be right. Aren’t we told that Europe is the new heaven for investors?
Hahahahaha
U.S. OIL DIRECTED RIGS FALL 2 TO 422, NEW CYCLE LOW, DOWN 13% THIS YEAR. #OOTT
Where are they drilling in New Mexico thats not part of the Permian?
