you would think but not with whats going on with the economy. the fact there is such little demand and they keep having to do price cuts tells you everything about the economic depression we are in
Even if there is a shortage (which there isn’t) it doesn’t matter. The global economy will collapse within the next 8 months after all the expected rate cuts. Demand for oil will fall like a cliff
Oil stocks look bearish on the monthly chart. A Mideast war could cause a short squeeze. Needs to happen soon though, Oil is finally closing below the 200 weekly moving average.
My limited understanding is Iran is on the verge of making a nuclear weapon, has a contentious relationship with its people, is now making money selling oil, and does not want a significant conflict with Israel or the USA. They would instead continue with a proxy war while working with Russia and make economic trouble with trade to the west.
I know the feeling as my portfolio was 90% oil/gas in FALL 2020. That thesis was based on worldwide covid economic recovery. Then the war in Ukraine happened and threw it off. I dwindled it down to 25%, but it's now back up to 35% as I re-entered energy services last month. I'm not rooting for more warfare at all, but the ever increasing usage of energy.
Such a war would only start after guyana is up and running or US shale steps on the gas pedal. They did not blow up nordstream until they could ship LNG across the atlantic. Let us see if this gets autodeleted. Some current keywords results in instadelete.
Philip's wide speculations sounds like a "Three card Monty" of what ifs. The straight of Hormuz could close tomorrow and the U.S./Canada would not miss a beat to provide it's total hydrocarbon needs, for the U.S.
Overall politics, in my opinion, I see the world choosing up who they are going to partner with if there were a World War 3. Like I said, "just an opinion".
Excellent interview David, subbed. If Israel & Iran go for each other I think the economics of it would be devastating for Israel due to asymmetric cost of drones already in massive stockpile [if Philip has it right], vs a hi-tech (i.e. expensive) airforce. Plus the fact Israeli leadership has to maintain complete / near-complete protection of the homeland, at same time US support is weakening and the volume of the air threat could dramatically increase.
The earlier Iranian limited missle strike was prevented with help of Jordan, UK, etc including their fighters stopped many of them in addition to US. That help is not there now, I think. At least no one has stated that in these gov'ts what I have seen. I don't think it's only Turkey. Several other NATO members are critical of Israel and EU is not so keen to help Israel with ICJ's recent advisory opinion; EU policies prevent helping occupation & human rights violations. Israel is walking on thin ice from EU POV. EU is not like the US gov'ts even if lot of differences among countries.
Any clown that focuses on Russia and Ukraine being the risk of nuclear conflict and not the rogue state that is Israel is hard to take seriously....they are no longer a rational actor.
Will Israel and Iran go to war?
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I think it's already started
Our oil is not what we make gasoline out of. We trade our light crude for heavier Mideast oil
And they’re running out too.
For now. New refineries are coming soon.
Much of our "oil" is also natural gas, which provides energy, but does not fulfill many industrial needs.
RUclips ads are the Effing worst.. so many
Feels like a calm before the storm.
Great guest, thanks for your hard work as always, David.
Great Guest!
David Lin haircut indicator .... Buy !!
It is getting old, dont you think?
Gave me a chuckle...I find it tiresome when the comment section blows up because of some hot analyst
No. It's not
Nothing happens without oil, Nothing especially food these days
What a weird war. Both sides reporting and forecasting their actions. More like a coordinated theater.
Most of the Iranian attack was stopped by the US, not Israel's "iron" dome.
Exactly
Shouldn't oil be more than $76 a barrel already considering all that has been going on?
you would think but not with whats going on with the economy. the fact there is such little demand and they keep having to do price cuts tells you everything about the economic depression we are in
@@user-im6fy4qp6mthere may also be concerns that OPEC+ may unwind some of their production restrictions
Good interview David
Even if there is a shortage (which there isn’t) it doesn’t matter. The global economy will collapse within the next 8 months after all the expected rate cuts. Demand for oil will fall like a cliff
Oil stocks look bearish on the monthly chart. A Mideast war could cause a short squeeze. Needs to happen soon though, Oil is finally closing below the 200 weekly moving average.
Stop the war
My limited understanding is Iran is on the verge of making a nuclear weapon, has a contentious relationship with its people, is now making money selling oil, and does not want a significant conflict with Israel or the USA. They would instead continue with a proxy war while working with Russia and make economic trouble with trade to the west.
Imagine studying this stuff day in and day out. Sounds awful.
I know the feeling as my portfolio was 90% oil/gas in FALL 2020. That thesis was based on worldwide covid economic recovery. Then the war in Ukraine happened and threw it off. I dwindled it down to 25%, but it's now back up to 35% as I re-entered energy services last month. I'm not rooting for more warfare at all, but the ever increasing usage of energy.
If the Ukraine Russian war is any indicator, missiles and drones make an airforce no matter its size, limited in its application
Such a war would only start after guyana is up and running or US shale steps on the gas pedal. They did not blow up nordstream until they could ship LNG across the atlantic.
Let us see if this gets autodeleted. Some current keywords results in instadelete.
15 warships in the area powderkeg
David, can you ask the guests about sugar, I care less about mideast mud, the sugar price multiplied like crazy and shelves are empty
Philip's wide speculations sounds like a "Three card Monty" of what ifs.
The straight of Hormuz could close tomorrow and the U.S./Canada would
not miss a beat to provide it's total hydrocarbon needs, for the U.S.
uh, no idiot.
No country can just instantly ramp up oil production. It takes years
Overall politics, in my opinion, I see the world choosing up who they are going to partner with if there were a World War 3. Like I said, "just an opinion".
Excellent interview David, subbed. If Israel & Iran go for each other I think the economics of it would be devastating for Israel due to asymmetric cost of drones already in massive stockpile [if Philip has it right], vs a hi-tech (i.e. expensive) airforce. Plus the fact Israeli leadership has to maintain complete / near-complete protection of the homeland, at same time US support is weakening and the volume of the air threat could dramatically increase.
The earlier Iranian limited missle strike was prevented with help of Jordan, UK, etc including their fighters stopped many of them in addition to US. That help is not there now, I think. At least no one has stated that in these gov'ts what I have seen.
I don't think it's only Turkey. Several other NATO members are critical of Israel and EU is not so keen to help Israel with ICJ's recent advisory opinion; EU policies prevent helping occupation & human rights violations. Israel is walking on thin ice from EU POV. EU is not like the US gov'ts even if lot of differences among countries.
No worries. Kamala will fix everything
😂
Big green day for Gold incoming
Lol Ukraine tried to blow up a nuke power plant. Dude read the news
👍
Incredible how you guys can talk easily about the effect of a global war on the stock market ... 😢
Wwstern talking heads are pathetic. If you think Israel stands a chance against Iran it means if you also believe Ukraine/NATO could defeat Russia
🎳
Philip BS. Limited global knowledge 😅
Incorrect
Any clown that focuses on Russia and Ukraine being the risk of nuclear conflict and not the rogue state that is Israel is hard to take seriously....they are no longer a rational actor.
Power to Iran and the resistance
@@ComommonlyCensored if you don’t know the answer to your stupid question then you must be a Zionist Israhelli