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Monday, September 9, 2019

STORM CLOUDS FOR OIL

“Oil needs a clapper!”

Oil hanging onto the $57 handle on the delusional economic outlook of Spicoli, but
world oil demand is looking sicker by the day … OPEC in disarray, the Ruskies
cheating on production, and from the demand side the bogus “China trade deal”
becomes a bigger jke everyday they try too rally markets with bullshit headlines
… in other words, where’s the topside for oil given this?

Only problems via Iran keeps oil above the mid 50’s, but I don’t seriously consider
them a threat to world oil supplies for the very simple reason they like to live
… like most things in the Middle East, it’s bluster and bullshit on parade to either
feed your red meat support OR instill fear into your perceived enemies … it’s
simply a game.

Sad to say today, all 3 offshore brokerage houses I spoke with, won’t allow U.S.
citizens or residents to open accounts … “sure feels great being in the company
of North Korea, Iran, Syria, & Yemen, when it comes to being treated like pond
scum by the world financial community … thanks U.S. government for fucking up
practically every single thing you touch! … but, we’ll keep checking and trying to
find oil trading solutions that fit everyone.

Until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas


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