The Strait of Hormuz crisis has cut off nearly a billion barrels of oil from the global market and demand is starting to crack. Asia is rationing fuel, Europe is bracing for what comes next.
A few more weeks of this and we’re looking at the 1973 crisis all over again.
Source: Bloomberg
🇺🇸 The Iran war is handing America a level of energy dominance it couldn't have achieved any other way.
U.S. crude exports hit a record 5.2 million barrels a day last week.
Europe now gets over a third of its jet fuel from U.S. refineries.
Oil investors are cashing out at the fastest pace in 17 years. $USO is up +91% year-to-date, one of its best runs this century. But April has seen -$900 million in outflows, putting it on track for its largest monthly withdrawal since 2009’s -$1.2 billion record. The trade ran +100% from January to early April. Now the early winners are walking out the door. When the smartest money in a trade starts leaving at record speed, the rest of the market should pay attention. Source: Bloomberg
Life event that changes all: Horse riding accident in Zimbabwe in 1993, a fractured skull et al including bipolar anxiety, chronic fatigue …. co-morbidities (Nietzche 'He who has the reason why can deal with any how' details my health history from 1993 to date). 17th 2017 August operation for breast cancer (no indications just an appointment came from BreastCheck through the Post). Trinity College Dublin Business Economics and Social Studies (but no degree) 1997-2003; UCD 1997/1998 night classes) essays, projects, writings. Trinity Horizon Programme 1997/98 (Centre for Women Studies Trinity College Dublin/St. Patrick's Foundation (Professor McKeon) EU Horizon funded: research study of 15 women (I was one of this group and it became the cornerstone of my journey to now 2017) over 9 mth period diagnosed with depression and their reintegration into society, with special emphasis on work, arts, further education; Notes from time at Trinity Horizon Project 1997/98; Articles written for Irishhealth.com 2003/2004; St Patricks Foundation monthly lecture notes for a specific period in time; Selection of Poetry including poems written by people I know; Quotations 1998-2017; other writings mainly with theme of social justice under the heading Citizen Journalism Ireland. Letters written to friends about life in Zimbabwe; Family history including Michael Comyn KC, my grandfather, my grandmother's family, the O'Donnellan ffrench Blake-Forsters; Moral wrong: An acrimonious divorce but the real injustice was the Catholic Church granting an annulment – you can read it and make your own judgment, I have mine. Topics I have written about include annual Brain Awareness week, Mashonaland Irish Associataion in Zimbabwe, Suicide (a life sentence to those left behind); Nostalgia: Tara Hill, Co. Meath.
canisgallicus 