Screwball

Because this is what Bibi and all the Israel money bought and paid for.

I'm more worried about a mushroom cloud due to the crazy ****ing people running our world.

Apparently I forgot the link. Again from 1993 and kind of long. The Oil Crisis 20 Years Later : The World’s Petroleum Tiger has Been Tamed--for Now.

Off topic, kind of. I was doing some research on the oil shock of 1973, which was one of the times things got all ****ed up, and if there might be anything to learn for today. This could probably go in the history thread, but it fits here. Long article by the LA Times written in Nov. 1993. 20 years after the 73 embargo. Fun to read the narrative from then.

Reports of ships getting blown up in the strait earlier today. WTI crude back around $93 as I type this. Brent around $98 and change. Pump price hitting the streets here in Cornhole. I'm sure other places too. The CPI report was not good, and what we are seeing here won't show up in those reports until months down the road. Nothing will get any cheaper in the near future. That doesn't even account for the supply chain disruptions. That won't end well. Maybe they need to blow more **** up. A global depression will make things cheap again. 🙂

I knew a rich guy who lived in Florida. He would occasionally run into Ted in the Keys. Said he was just like everyone else, and a ball to talk to. But if you brought up baseball he was done. I don't blame him for that. Dude was pretty good. 🙂

Markets are happy happy today. Crude (WTI) trading at the $81-82 dollar range. Now from the what to believe or not file about the Strait; Iran to allow only Chinese vessels through Strait of Hormuz amid escalating conflict - MSN Iran sells lots of oil to China. Then there is this. Statement from Maersk;

I would have to dig, but I have a stock certificate from the early 1900s of some energy company in West Virginia. Might have been coal. I searched and couldn't find anything. You never know... Like I said up-thread, there were small pumps around here. Only needed maybe 500 sq/ft. close to the road. The farmer loved it too. I thought they smelled neat.

Not at all. It probably depends on who you (or anyone) follow and believe. Then again, who DO you believe? Like my point above, all this on headlines? Things are fixed? What to believe? I don't know. Wish I did. We are not alone. From WolfStreet: Crude Oil WTI Plunged by 24%, Back Below $88, from $116 Overnight. Gasoline Futures -16%. Manic Speculation Unwinds by Wolf Richter • Mar 9, 2026 • 8 Comments The Futures Market is where the Imbeciles go nuts. I was hoping he had something about where all this might go from here, but he doesn't unless I missed it. But his point is valid.

I would be curious of what Mbps you get.

The popular ETFs are for the most part pretty good if you are an active trader. Stay away from the levered ones. I read a thing the other day when crude was up big, the levered ETF was getting about 60% return on the price of crude itself (we can't buy crude). Another way those things **** you over along with overnight re-balancing. Any ETF will have shrinkage. But so does everything else. We are up against the pigmen of wall street who live for separating us from our money, and are very good at doing so.

What a wild day (and night). This is not how a normal market should trade. Moves like this are nuts. Some made a killing, some went broke. Imagine the margin calls. The retail guys holding levered crude ETFs probably have a gun to their head. Did headlines move the markets this much, or did we un-blow up ****?

G7 to take 'necessary measures' to support energy supplies - BBC This has calmed the oil markets. We'll see how long it lasts. WTI back down to $92 and change.

Blowing **** up doesn't help. It reminds me of John McCain singing bomb bomb Iran. Be careful of what you wish for. Go back to the PNAC people, and their imperialist view of the world. This is nothing new. It's about oil, minerals, money, and greed, but I repeat myself. Elastic has nothing to do with ****.

No chart porn, but this is wild. Crude futures over $118 at 10:30ish.