$120 a barrel

[AKIron]

[AKIron]

Did traffic pickup today?

https://www.csis.org/analysis/no-one-not-even-beijing-getting-through-strait-hormuz

You realize that was March 6th right?

[Busher]

Did traffic pickup today?

https://www.csis.org/analysis/no-one-not-even-beijing-getting-through-strait-hormuz

I like a respect the clarity and logic of most of your points.

I am not sure why you debate with some of these people though. Have you ever changed a brick's mind?

[AKIron]

Seems like some of you are sore it's not $120 a barrel like Eagler said. It's going to fall back to $65 a barrel before long and well on it's way. Don't worry, be happy. It's a lot closer to $65 now than it is to $120.

[CptTrips]

You realize that was March 6th right?

Yes, that's why I asked if traffic had picked up today.  As of 4 days ago it had dropped 94%. 

Are we back to 130 ships a day?

[CptTrips]

I like a respect the clarity and logic of most of your points.

I am not sure why you debate with some of these people though. Have you ever changed a brick's mind?

I'm not debating.  I'm just asking questions.

[AKIron]

I've read that many are passing through with their transponders off. So those who track the traffic at a distance do not know how many ships are going through the strait. There is no one left to threaten them. The US will escort if/when needed.

[CptTrips]

I've read that many are passing through with their transponders off. So those who track the traffic at a distance do not know how many ships are going through the strait. There is no one left to threaten them. The US will escort if/when needed.

I'm sure China will love for our navy to be tied-up doing crossing-guard duty in the PG when they go for Taiwan next year.

[AKIron]

Money speaks the loudest and is the point of Eagler's thread. Panic drove it up briefly. It's coming back down. It will come down further. Be glad.

[CptTrips]

I've read that many are passing through with their transponders off. So those who track the traffic at a distance do not know how many ships are going through the strait. There is no one left to threaten them. The US will escort if/when needed.

Would you be against lifting sanctions on Russia to export to moderate the price of oil?

[AKIron]

I'm sure China will love for our navy to be tied-up doing crossing-guard duty in the PG when they go for Taiwan next year.

I think China just learned their military hardware is not up to our standards.

[AKIron]

Would you be against lifting sanctions on Russia to export to moderate the price of oil?

Why do you ask?

[CptTrips]

Why do you ask?

Because I wonder if that is about to be suggested after the "perfect" phone call with Vlad yesterday.

I'm just curious on peoples stances before and after the announcement is made.

[DmonSlyr]

Who says we need to lift sanctions when we are officially opening a new $300B oil refinery in Texas.

[CptTrips]

Who says we need to lift sanctions when we are officially opening a new $300B oil refinery in Texas.

OK.

But if the suggestion was made, would you support it?

Anyway, I think we can agree. 

With our resources there would be no justifiable case for lifting sanctions on Russia to increase supply.  We will build our own in Texas.