Viewer's Choice

[littlejohn]

Russia benefits with low demand, oil price pump

period going on now...

It makes it easier for them to get

a higher price on oil sales than

they should have been getting...

https://www.barchart.com/futures/energies

Oil price could easily be selling at up

to $10/bbl cheaper than it has been...

Russia and Iran oil sales for more weapons

are getting a boost...

Estimates are that Red Sea shipping delays

increase oil use 100,000 bbls. to 200,000

bbls/day now with longer routes...

The high side estimate seems unlikely

with world trade down now...

And Arab countries could poot an extra

200.000 bbls/day of production to build

a pickle ball arena if they wanted too...

Oil price could correct anytime lower...

VTLE $40 puts have been added...

Going with old faithful on that choice...

So we watch...LJ