All the psychosis and delusions will only be jolted into reality when the U.S. Navy loses a destroyer from Iran drones and missiles. It is inevitable, IMO
Less, almost unreported, is the Russia/Ukraine war of energy. There is considerable damage being done to the "Shadow Fleet" used to bypass G7 price caps and international sanctions. Dozens of tankers and transport vessels have been struck in the Black Sea, the Sea of Azov, and even the Mediterranean. Currently, about 35% of the Russian population faces fuel restrictions. Stations have experienced multi-hour or multi-day lines, and Crimea declared a state of emergency, capping individual fuel sales. Moscow banned all diesel exports through late July 2026 and enacted an aviation fuel export ban through November. Russia, traditionally a massive exporter, has been forced to begin importing refined products from Asia. So there is a material effect on Russia's joule production and import/export markets.
Everyone on here is underestimating that supply is obviously leaking from other places. Price is trying to tell you something and you are not listening.
All the psychosis and delusions will only be jolted into reality when the U.S. Navy loses a destroyer from Iran drones and missiles. It is inevitable, IMO
Think about the Marine barracks massacre in Lebanon, or U.S.S. Cole explosion.
Less, almost unreported, is the Russia/Ukraine war of energy. There is considerable damage being done to the "Shadow Fleet" used to bypass G7 price caps and international sanctions. Dozens of tankers and transport vessels have been struck in the Black Sea, the Sea of Azov, and even the Mediterranean. Currently, about 35% of the Russian population faces fuel restrictions. Stations have experienced multi-hour or multi-day lines, and Crimea declared a state of emergency, capping individual fuel sales. Moscow banned all diesel exports through late July 2026 and enacted an aviation fuel export ban through November. Russia, traditionally a massive exporter, has been forced to begin importing refined products from Asia. So there is a material effect on Russia's joule production and import/export markets.
Everyone on here is underestimating that supply is obviously leaking from other places. Price is trying to tell you something and you are not listening.
How much from which places are compensating?
That’s the thing. Nobody knows. The math is the math obviously isn’t the right math.