It’s a great day to buy gas
- Thread starter OopsICroomedmypants
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While we're posting about commodities , here's a good read..
https://finance.yahoo.com/news/chinas-rare-earth-grip-u-145500337.html?.tsrc=rss
https://finance.yahoo.com/news/chinas-rare-earth-grip-u-145500337.html?.tsrc=rss
The U.S. Military has now taken out the top two Oil Suppliers to China in the form of Venezuela and Iran. Venezuela oil will be headed to the U.S. and we need it bad since our strategic oil reserves never got refilled from a few years ago. Our gas production is roughly 75% of consumption right now. Two things can be true at once. This war with Iran is about China and Russia. It’s also about Iran. We just kicked China in the nuts because they are a net importer of oil.
Sounds great on paper don't it? A lot has to go right so we avoid kicking ourselves in the nuts in the process.
It also hurts Russia in their war in Ukraine. No more drones from Iran.
Filled my truck up this morning as I fully expect prices to go up. I'm hoping they can secure the Straight of Hormuz and get shipping lanes protected, and the spike will be small and short lived.
We don't have an oil problem We have a refinery problem. My understanding Venezuela oil will help with that. It has something to do with the type of oil that comes from there.
Yep, Zelensky is not going to say anything negative about this military action in iran. Iran's drone factories are about to get obliterated.
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