This evening the president speaks And pundits have many critiques Meanwhile in Iran There’s no clear game plan As havoc, the president wreaks But right now, seems traders don’t care ‘Bout Persia or any warfare Instead, soft inflation Has changed the narration So, pundits, high rates now foreswear
Andy, it’s looking/sounding like the market doesn’t need the Iranian oil? As you pointed out everyone is find alternative exit strategies. And other producers are pumping more. Any thoughts on the other products that leave thru the SOH?
from what I have read, Helium is a big one. but one thing about the Ukraine war is that Russia can non longer decide to embargo things it can sell for money, so fertilizer seems sufficient. meanwhile, th US is self sufficient in He so another benefit here. Even Javier Blas at Bloomberg was writing this morning about how Iran has shot its gun for the SOH and workarounds are the norm now
Andy, it’s looking/sounding like the market doesn’t need the Iranian oil? As you pointed out everyone is find alternative exit strategies. And other producers are pumping more. Any thoughts on the other products that leave thru the SOH?
from what I have read, Helium is a big one. but one thing about the Ukraine war is that Russia can non longer decide to embargo things it can sell for money, so fertilizer seems sufficient. meanwhile, th US is self sufficient in He so another benefit here. Even Javier Blas at Bloomberg was writing this morning about how Iran has shot its gun for the SOH and workarounds are the norm now