Replies to post #13725 on Viewer's Choice

[littlejohn]

Cheap natural gas this time of year has

to be a hit to cash flow for the

oil/gas sector too...

If it is only about 2.50 on nymex future

price then it is usually dirt cheap for

Waha in Texas,,,like, like, pay to have

it transported away from wells...

There doesn't seem like there will ever

be enough price incentive on natural gas

to support more electric grid increase...


So we watch...LJ

[littlejohn]

Have you seen any info on Japan earthquake

and whether it impacted any biz

that may affect supply chain?...

https://www.accuweather.com/en/weather-news/battle-against-time-to-find-quake-survivors-as-japan-lifts-tsunami-warnings-and-death-toll-rises/1608685

so we watch...LJ

[littlejohn]

Oil price, the $68.60 bottom on cash oil

price on 12/12/23 could get

breached in January,2024...

https://www.barchart.com/futures/quotes/CLY00/interactive-chart

March,2023 was when China brokered

a deal between Iran and Saudi Arabia...

https://oilprice.com/Geopolitics/International/Beijings-Bid-For-Influence-in-the-Global-South.html

That deal implies that oil from Iran, Saudi

Arabia, and Russia should keep flowing

to world markets...

Unrest in shipping lanes targeting Israel

shipping shouldn't be surprising either...

And could slow some GDP randomly...

But it shouldn't affect majority of oil

flow from the bigger exporters...

Peon thesis, of course...

So we watch...LJ