$100 oil

[Anonymous No.15594340]

Why the hell did I read this on Pol and not here? GET YOUR SHIT TOGETHER BIZ

>https://oilprice.com/Geopolitics/International/100-Oil-Drone-Strikes-Halt-Half-Of-Saudi-Crude-Production.html

>>Half of Saudi Arabia's oil production has gone offline following a surprise drone strike.
>>Drones attacked Abqaiq facility in Saudi Arabia and the Khurais oil field run by Saudi Aramco early Saturday morning, the kingdom's interior ministry said, sparking a massive fire at a crude processing plant essential to global oil supplies.
>>The closure will impact nearly 5 million barrels of crude processing per day, affecting 5 percent of the world's daily oil production. And while Aramco is confident that it can recover quickly, if it can't, however, the world could face a production shortage of as much 150MM barrels per month. An outcome which could send oil prices into the triple digits.

Battle plan? I bought into SLCA at about $10.30 as a technical trade and now the fundamentals just got better. How does this affect petrodollar, the Sino-US tradewar? WAS IT REALLY THE ILLUMINATI?!?!?!

[Anonymous No.15594353]

>>15594340

[Anonymous No.15594354]

Does this mean I should buy LINK?

[Anonymous No.15594377]

>>15594340
>Why the hell did I read this on Pol and not here?
Because you don't check the catalog >>15591596

[Anonymous No.15594383]

>>15594340
Good thing I only ride bikes.

[Anonymous No.15594391]

>>15594340
> because, obviously, biz doesn't know shit
> buy high sell low

[Anonymous No.15594393]

You'd have to be literally retarded to think it's the Iranians, which is what the US is asserting. It's probably going to be a swing and a miss on another gulf of tonkin incident.

[Anonymous No.15594401]

>>15594377
keked and checked

[Anonymous No.15594408]

>>15594393
don't speak about politics or some dumb mod will ban you

[Anonymous No.15594420]

>>15594340
Priced in.

[Anonymous No.15594426]

> Serious argument
> Real business
> No shitcoins
> Some politics
The thread can be erased any moment now.
I can hear retard jannies arguing with the indonesian mod

[Anonymous No.15594464]

>>15594408

Whether or not this leads to war in the Persian Gulf is going to have a bigger impact on the price of oil than the bombing of oil wells.

[Anonymous No.15594475]

>>15594420
An attack over the weekend is already priced in?
>>15594377
That thread is shit, it generates no ideas. Buy SLCA, a silica mining company that creates proppants for fracking.
Here is the 10Q if you want fundamental analysis. Earnings come out in a month.
>https://ussilica.gcs-web.com/sec-filings/sec-filing/10-q/0001628280-19-009284
Chart is below, you will regret not buying.

[Anonymous No.15594476]

>>15594340
Buying some UWT on Monday.

[Anonymous No.15594507]

>>15594475

If you want to figure out who's profiting and how, check to see who's been stockpiling recently. I guarantee you that somebody in the know has gotten greedy.

[Anonymous No.15594518]

>>15594340
nothing is going to happen, screencap this

[Anonymous No.15594563]

>>15594476
Buying market and out where? $24? Swing trade or long hold?

>>15594518
We have a trade war between a net importer and a net exporter of oil. OPEC+ has been looking at looking at cutting production, now this allows the (((Saudi's))) some political ammo against their enemies. No way this doesn't cascade through the economy in the short term.

>>15594507
See my comment above for a first look reason as to why. Anything you want to expound upon?

>>15594464
Either you buy this or you don't. I have been betting on rising prices in oil and gas through my SLCA position, which is my mining and my oil and gas sector position, loosely.

[Anonymous No.15594596]

>>15594563

I don't believe that the US will invade Iran on this flimsy of a pretext. I am prepared to believe that the Saudis could easily fool themselves into thinking that they can beat the Iranians in a war and would false flag themselves to simultaneously manipulate the oil market while giving them an excuse to fight Iran.

I'm inclined to buy US defense stocks because they're going to make a killing supplying the Saudis. US probably won't get involved in anything but an advisory capacity. Not at this stage.

[Anonymous No.15594618]

>>15594475
Could this be bullish for renewable energy companies too?

[Anonymous No.15594620]

>>15594475
>being this new
No one wants your over abundant, over priced oil, Muhammad. Staging some attacks isn't going to do anything.

[Anonymous No.15594636]

>>15594596
Trump doesn't like war, he kicked out bolton.
This can be a hit from the deep state, to force burgers into some sort of local war.
Every president in US has to start AT LEAST a local war.

[Anonymous No.15594653]

>>15594596
Oh, I think that Saud wanted to decrease production while claiming political advantage, with more an emphasis on destroying their Yemen problem.

>>>15594618
In the long run. But don't forget due to its conductive properties silver benefits from everything related to renewable energy. Look at leveraged ETFs or physical silver.

>>15594620
Post tits, you have to be a woman to be this retarded. Or post hand.

[Anonymous No.15594677]

US imports of oil are at near all time lows, getting close to 1970's levels, this won't affect the US oil prices that much, what it will do is hit Europe and Asia pretty hard, pretty sure the last time there was a Saudi outage it pretty much only affected Europe and Asian prices.

[Anonymous No.15594690]

>>15594620
I'm not new, and i can spot when someone is telling random "priced ins"

[Anonymous No.15594706]

>>15594636

>Trump doesn't like war

He doesn't have the stomach for taking blame for it if it goes wrong.

>hit from the deep state

They wouldn't have used drones. The deep state isn't that dumb.

>>15594653

It gives them a number of political and economic cards to play. I would say that no Western strategist would think that the Saudis are going to roll into Tehran alone and win that fight, but by reputation the Saudi military is a special kind of stupid.

[Anonymous No.15594725]

>>15594563
>>>15594563
>We have a trade war between a net importer and a net exporter of oil.
Factually wrong
>OPEC+ has been looking at looking at cutting production, now this allows the (((Saudi's))) some political ammo against their enemies.
true, but the it will give the Saudis no leverage
> No way this doesn't cascade through the economy in the short term.
It will not, just fear mongering and Saudi owned propaganda outlets drumming up while above 50% of the population don't give a shit. And as the majority of the voters don't give a shit, politicians whose power depends on the voters, wont give a shit either

[Anonymous No.15594740]

>>15594690
>>15594636
>>15594596
Based poster over here. Asking actual questions. Any defense companies you like for this situation

>>15594725
If you don't know that the US is a net exporter of oil and China is a net importer you need to educate yourself, you are behind the power curve in this conversation.

[Anonymous No.15594757]

>>15594677
Short uso,long brent

[Anonymous No.15594762]

>>15594677
Not really. US certainly will not give two shits about the oil. The most would be considerations by the hawks to use it as an excuse to strengthen military presence in the reason, but with a voting year at the door, no way this will happen. Europe won't give a shit either, production and oil imports from the middle east are in constant decline and against saudi owned propaganda outlets the imports from Russia and Northern Africa are on the rise.

Asia on the other hand will have a bad day, but beside kwetsching and asking for support in the UN from the west wont affect anything

[Anonymous No.15594770]

[Anonymous No.15594776]

>>15594740
I'm well aware of this. What I calim is factually wrong is that retarded trade war narrative which is pure bullshit. China has no leverage. If one likes to give the conflict between China and the US a label I would call it beat the chink

[Anonymous No.15594777]

>>15594740

The Saudis are flying the F-35 right now in Yemen and it'll probably be what they use to bomb Iran if it comes to that. I'd be heavy on Raytheon right now, but the nature of military contracting is such that they all make parts and munitions for that shit. Hard to go wrong but I'd focus on Raytheon. It's probably the usual suspects of Raytheon, Lockheed Martin, and the rest.

[Anonymous No.15594781]

>>15594776

>China has no leverage

You're deep in the MAGA kool-aid aren't you?

[Anonymous No.15594801]

>>15594781
Tell me what leverage does China have? The US treasury bond bullshit? As long as the US is the global currency and military hegemon, china will just fuck itself dumping. If you mena the normie CNN narrative about chinese imports getting more expensive, that again will only fuck china and some US companies that outsourced their production to china. China currently stands there with its pants down while screaming and playing the big man

[Anonymous No.15594811]

>>15594383
Based and bikepilled

[Anonymous No.15594820]

>>15594677

>this won't affect the US oil prices that much
>what it will do is hit Europe and Asia pretty hard

Wouldn't that mean Europe and Asia would buy US oil to compensate and push the US price up?

[Anonymous No.15594838]

>>15594820
As I understand it the US limits the amount of oil it allows to be exported.

[Anonymous No.15594840]

>>15594801

I'm not in the habit of informing the ignorant when they assert their ignorant opinions as fact and demand to be proven wrong. If you choose to believe that China has exactly zero cards to play in international trade then you're a proud know-nothing.

>>15594820

It means a rise in the global oil price which is good for anyone who's been stockpiling or who can fill the supply gap quickly.

[Anonymous No.15594848]

>>15594340

This place is /pajeet/ and /shitcoin general/.

Reddit is fucking better than biz.

[Anonymous No.15594850]

>>15594840
>Ignorant
Chink eye detected

[Anonymous No.15594854]

>>15594340
I'm hearing 5.7 million barrels so actually 58% of Saudi production

[Anonymous No.15594869]

>>15594850

Go back to your circlejerk on /pol/.

For the record the US can wrangle concessions out of China and has more and better cards to play, but to suggest that China has no cards to play whatsoever is pretty fucking stupid. If your mind goes straight to the national debt instead of rare earth elements then you are, as I said, a proud know-nothing. Incidentally if you think that China dumping US bonds is a non-threat then you're a big know nothing.

[Anonymous No.15594886]

>>15594840
Burger here, China has 0 leverage and will eat the curb if they keep their little trade war going.

But I don't have to explain why to ignorants like you.

[Anonymous No.15594908]

>>15594869
> One single interesting thread in a sea of shit
> Go back
Fuck you nigger

[Anonymous No.15594909]

>>15594354
That deserves a (you)

[Anonymous No.15594912]

>>15594340

You guys need to learn to translate headline hype to English.

>Drone strike halts half of Saudi crude production

means Saudi Aramco closed a valve on an oil pipeline in response to a drone strike. They'll reopen it when they repair the damage. Until then, they'll just sell oil out of their storage tanks and refill them when they get their pipeline back online. lol maybe some sand niggers got burned alive.

[Anonymous No.15594915]

>>15594340
all you can do is long crude oil, like a bastard.

[Anonymous No.15594926]

>>15594869
Here, this is for you

https://io9.gizmodo.com/how-chinas-rare-earth-weapon-went-from-boom-to-bust-1653638596

[Anonymous No.15594934]

>>15594886
>>15594908

Man, I have to figure out how I can get into the game of fleecing MAGAtards out of their disposable income. Suckers this gullible are a resource.

[Anonymous No.15594942]

>>15594926
Go back

[Anonymous No.15594951]

>>15594869
I'm still waiting. What cards does China have? Rare earths is okay, but with Chinas one sided economic dependency very easy to get to. Putting such weight on the treasury bond threat is CNN tier retarded. It would hurt the US in the short term, but it would hurt China way more, they would fuck there most important export market and by extent themselves again do to their one sided economic dependency on exports to not fall into the China cycle. Not to mention the reactions from Uncle Sam they would provoke with such a move.

China is a non issue that gets pushed by US companies that outsourced their production that have much to lose when China goes belly up, but the US as a whole or the world doesn't care if China goes yet back again to unrests, insurgency and revolution

[Anonymous No.15594959]

>>15594951

>The sky is green prove me wrong lol no I'm not going to look outside dumb dumb

[Anonymous No.15594960]

>>15594934
btw, are you overly invested in companies that are basically dead when China gets fucked raw?

[Anonymous No.15594971]

>>15594942
Why? Because China is fucked?

[Anonymous No.15594984]

>>15594959
I'm still waiting. And if you argument is that a wealth transfer from China outsourcer to national producer would happen if China gets fucked, I wouldn't call that an argument, just a personal flavor and probably your own interests because you put your retirement money in globalist traitors

[Anonymous No.15595016]

>>15594762
>Not really.

Only Mongoloids start their sentences this way. Also, best way to assure no one reads your long winded bullshit.

Learn to interact with real people you worthless subhuman.

[Anonymous No.15595040]

>>15595016
> Only
Only Imbeciles start their sentec... wait

[Anonymous No.15595078]

>>15594934
>>15594959
Goddamn you're salty. America is under no threat from China in any way. What are they gonna do? Stop importing our medical equipment? They already maxed out their tariffs on the US. They are gonna have a livestock shortage soon from not buying our basedbeans, Brazil obviously can't meet demand. Their businesses are being starved to death by American tariffs and can't continue to be bailed out forever unless they inflate their currency to 0. Hong Kong is already up in arms and that seed will grow into a tree if they don't get their shit together. Now their oil prices are going to skyrocket, putting further pressure on their entire business sector.

Face it, China's fucked

[Anonymous No.15595120]

>>15595016
Way to address the points retard. You don't like what you read? Doesn't fit the narrative that is painted by Saudi and Chinese owned propaganda outlets in the west, does it? But well, they are the only ones who have a stake in this. Everybody beside the Saudis and Chinese profit from instability in that region.

[Anonymous No.15595916]

Death to America! Death to Israel! Curse the jews! Victory for Islam!

[Anonymous No.15595998]

>>15595120
>You don't like what you read?

Like I said, didn't read anything after the autitst red flag you left us all.

Now go sit in the corner and don't speak until spoken to.

[Anonymous No.15596018]

>>15595078
>producing economy can't beat a consumption consumer credit debt based eocnomy
ok

[Anonymous No.15596141]

>>15595916
Durka durka praise Allah

[Anonymous No.15596151]

>>15594340
>Why the hell did I read this on Pol and not here? GET YOUR SHIT TOGETHER BIZ
Wake up it’s just more fake news spread by linkers to pump before yet another steamy dump

[Anonymous No.15596166]

>>15595916
Do you hold LINK?

[Anonymous No.15596167]

>>15596018
And their largest consumer is making their goods unprofitable

[Anonymous No.15596213]

>>15594886
Non-retarded Burger here.

Nigga u dum.

[Anonymous No.15596293]

long drones short arabs

[Anonymous No.15596319]

>>15594340
>saudi arabia produces 12m barrels a day
>80m produced a day world wide
>saudi arabia loses 50% of its production
>world wide 7.25% decrease
Whats the big deal here?

[Anonymous No.15596777]

>>15594340
It's not going to do shit to the price. The US has so much shale we're basically energy independent and are fully capable of compensating for any global supply shortage while making bank doing it. Damn it feels good to be American.

[Anonymous No.15596786]

>>15596319
>7.25% decrease
7.25% price increase

[Anonymous No.15596809]

>>15594340
>Why the hell did I read this on Pol and not here?
Because you don't pay enough attention to geopolitics.

[Anonymous No.15596828]

>>15596777
>The US has so much shale we're basically energy independent and are fully capable of compensating for any global supply shortage while making bank doing it. Damn it feels good to be American.
This would be true if we were actually capable of moving the extra demand caused by drops in Saudi Arabia, much less what may erupt in the next week with Iran. There is only enough capacity in the existing terminals and tankers to accommodate the immediate future.
However, you are right that the US is unlikely to see any serious effects. UK/France/Germany/China/India/Japan though, will see some very pointed effects.

[Anonymous No.15596887]

>>15594706
We got a deep state specialist here guys

[Anonymous No.15596890]

>>15596213
hey retard
>>15595078
refute this.

I'll wait

[Anonymous No.15596918]

>>15596809
>Zeihan
This dude is a living, breathing meme. Come the fuck on anon, posting fucking Pol Pot would be more respectable.

[Anonymous No.15598010]

>>15595998
Damn the chinks and those invested in chinkies are pretty salty ITT. Looks like China is in for a repetition of the eternal chink cycle

[Anonymous No.15598057]

>>15594820
No, Europe would just ban cars and oil heating etc, that's the way they're going now with all the Greens hysteria, worshipping that retarded 16yo autist girl as a prophet and a saint. Not even kidding.

[Anonymous No.15598084]

>>15596319
>every barrel of oil is the same and costs the same to produce

Do the full scale energy-invested on energy-invested analysis and get back to me. losing 6m bpd of cheap quality crude is different than losing 6m bpd of shale or tar oil.

[Anonymous No.15598124]

>>15594840
>debating is beneath me

So basically, you’re full of shit and can’t substantiate your claim

[Anonymous No.15598415]

>Saudi Arabia’s stock market fell by 2.3% at Sunday’s open as the country grappled with weekend attacks on the heart of its oil production facilities in Abqaiq and Khurais.
>“A small $2-$3 premium (crude futures) would emerge if the damage appears to be an issue that can be resolved quickly, and $10 if the damage to Aramco’s facilities is significant leasing to prolonged supply outages,” Ayham Kamel, practice head for the Middle East and North Africa at Eurasia group, said in a research note Sunday. That’s up to 25 cents higher per gallon of gasoline.
>Saturday’s attack is the biggest on oil infrastructure anywhere since Saddam Hussein’s invasion of Kuwait in 1990.
https://www.cnbc.com/2019/09/15/saudi-stock-market-dives-crude-to-jump-after-attack-on-oil-plants.html

[Anonymous No.15598425]

>>15594393

Its houthis which are direct Iranian proxies.
Houthis are fucking based though.

This might be good for the growing us energy sector by the way, which had trouble with these low prices

[Anonymous No.15598539]

>>15598010
I totally read this whole thing

[Anonymous No.15598667]

zoomers better shine your army boots lol

[Anonymous No.15598758]

>>15594840
China has no leverage because anyone who goes to them for cheap labor can get the same thing in Vietnam or Malaysia or India or wherever else as soon as there's an incentive strong enough to overcome switching costs.

[Anonymous No.15598776]

this seems bad for bitcoin

[Anonymous No.15598834]

>>15594706
Expecting the chosen to fight their enemies is anti semitic anon. Of course all non pozzed middle eastern countries must be destroyed no matter the cost - financial and demographic - to White countries.

And not one drop of Israeli blood must be spilled.

[Anonymous No.15598930]

>>15594869
China uses Yuan to buy oil from Russia so that means Russia becomes a larger holder of yuan and the ability of China to expand its currency use shrinks. Bye bye silk road.
China gust got hit, so hard that they are now silent.