-At the end of the first full day of commodities training the price of a barrel of oil rose 13%.
-A Saudi official said repairs to Abqaiq and Khurais will take weeks, not days.
-Oil reserves are extremely high. The Saudis and Amerikans are awash. That will enable everybody to weather the shortfall. So no gas lines at the pump.
-The risk premium is already baked in, however. $2-$3 more per barrel is going to be the new normal. Gasoline will cost an estimated .25 more. Unless things go sideways. Another attack; "locked and loaded" von Clownstick shooting.
This is the first Middle East crisis for Trump. The Middle East is complex, everything is intertwined, and Trump has made it significantly more dangerous. As he always does he will look out for number one, himself. The oil price rise could nudge the economy closer to recession heading into the only thing he cares about, his reelection year. His disapproval ratings are SO. HIGH. that any big fuck up from the guy who hasn't accomplished shit for three years would make him a goner. Recession, definitely. But how does he respond to this. He's locked and loaded but if he shoots Iran is going to shoot back. The harder he shoots the harder Iran will shoot back. American lives in the region will be on Trump's tab heading into 2020. Americans are sick of having troops in the Middle East and Trump has failed to deliver on his promise to end the war in Afghanistan and bring the troops home. No Americans were killed Saturday. The Fifth Fleet was unharmed. If Trump shoots, on whose behalf will he be shooting? Saudi Arabia's. That's not a good look now, is it? If Trump shoots for the Saudis and Iran shoots back at the Fifth Fleet you can start printing those posters now, Lame Duck Trump. Yesterday, Trump suggested a formal defense treaty with Israel. What if Trump shoots at Iran and the Iranians shoot back at Israel? It's complicated and Trumpie doesn't do complicated. You know how the Mid-East is, you make one wrong move and the whole thing could blow. You got Donald J. Trump driving the bus bubba, how you feeling wrong turn wise? Trump is driving with only November 2020 in his field of vision.
"Does my base want me to hit them? Okay, I'll hit them."
"Does my base want a bunch of American casualties? Okay, I won't hit them"
"But if I don't hit 'em my base will think I'm a pussy. I better hit 'em."
"No, I better talk to the Iranians first. Gotta look statesmanlike and I know they want to make a deal. Oh, they say they don't want to talk to me but they want to talk to me, believe me! Why do I have to do all the thinking around here! Why do I have aides if I have to do all the thinking? Yeah, I said I'm locked and loaded, so what? I am loaded. I've got more money than you'll ever have! Put out a statement saying that's what I meant, I am loaded meaning I have lots of money. Do it!"
"Maybe I'll send the Iranians a letter like me and Kim did. Can the Iranians even read English? Fucking Arabs. What is that language they speak, Safari? Do we have any fucking Safari translators in this fucking town! Find me one!"
"I'll call Bibi, he fucking speaks English. But Bibi will want me to hit them. I like Bibi but with Bibi it's all about Benjamin! Nothing wrong with that! That's why I like Jews. I'm in it for Trump, he's in it for Benjamin! Maybe I won't call Bibi."
"You don't know what you're fucking talking about, the Iranians are Arabs, they're fucking Arabs! What are they then fucking Druids? And by the way, I'm the best friend the Arabs ever had!"
-A Saudi official said repairs to Abqaiq and Khurais will take weeks, not days.
-Oil reserves are extremely high. The Saudis and Amerikans are awash. That will enable everybody to weather the shortfall. So no gas lines at the pump.
-The risk premium is already baked in, however. $2-$3 more per barrel is going to be the new normal. Gasoline will cost an estimated .25 more. Unless things go sideways. Another attack; "locked and loaded" von Clownstick shooting.
This is the first Middle East crisis for Trump. The Middle East is complex, everything is intertwined, and Trump has made it significantly more dangerous. As he always does he will look out for number one, himself. The oil price rise could nudge the economy closer to recession heading into the only thing he cares about, his reelection year. His disapproval ratings are SO. HIGH. that any big fuck up from the guy who hasn't accomplished shit for three years would make him a goner. Recession, definitely. But how does he respond to this. He's locked and loaded but if he shoots Iran is going to shoot back. The harder he shoots the harder Iran will shoot back. American lives in the region will be on Trump's tab heading into 2020. Americans are sick of having troops in the Middle East and Trump has failed to deliver on his promise to end the war in Afghanistan and bring the troops home. No Americans were killed Saturday. The Fifth Fleet was unharmed. If Trump shoots, on whose behalf will he be shooting? Saudi Arabia's. That's not a good look now, is it? If Trump shoots for the Saudis and Iran shoots back at the Fifth Fleet you can start printing those posters now, Lame Duck Trump. Yesterday, Trump suggested a formal defense treaty with Israel. What if Trump shoots at Iran and the Iranians shoot back at Israel? It's complicated and Trumpie doesn't do complicated. You know how the Mid-East is, you make one wrong move and the whole thing could blow. You got Donald J. Trump driving the bus bubba, how you feeling wrong turn wise? Trump is driving with only November 2020 in his field of vision.
"Does my base want me to hit them? Okay, I'll hit them."
"Does my base want a bunch of American casualties? Okay, I won't hit them"
"But if I don't hit 'em my base will think I'm a pussy. I better hit 'em."
"No, I better talk to the Iranians first. Gotta look statesmanlike and I know they want to make a deal. Oh, they say they don't want to talk to me but they want to talk to me, believe me! Why do I have to do all the thinking around here! Why do I have aides if I have to do all the thinking? Yeah, I said I'm locked and loaded, so what? I am loaded. I've got more money than you'll ever have! Put out a statement saying that's what I meant, I am loaded meaning I have lots of money. Do it!"
"Maybe I'll send the Iranians a letter like me and Kim did. Can the Iranians even read English? Fucking Arabs. What is that language they speak, Safari? Do we have any fucking Safari translators in this fucking town! Find me one!"
"I'll call Bibi, he fucking speaks English. But Bibi will want me to hit them. I like Bibi but with Bibi it's all about Benjamin! Nothing wrong with that! That's why I like Jews. I'm in it for Trump, he's in it for Benjamin! Maybe I won't call Bibi."
"You don't know what you're fucking talking about, the Iranians are Arabs, they're fucking Arabs! What are they then fucking Druids? And by the way, I'm the best friend the Arabs ever had!"