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As Oil Soars, Trapped Hedge Funds Are Flooding Into Energy Stock Shorts And Hoping For A Selloff
Posted: Mon Apr 15, 2024 12:23 pm
by aja57
These hedge funds are nutz. As Jesse Jackson once said, "Keep hope alive".
https://archive.ph/0TLft
Re: As Oil Soars, Trapped Hedge Funds Are Flooding Into Energy Stock Shorts And Hoping For A Selloff
Posted: Mon Apr 15, 2024 3:00 pm
by dan_s
If WTI closes over $85/bbl, it sets that price up as a strong floor.
Israel is not going to allow Iran to go unpunished.
Today: "Asked if plans are in the works to increase pressure on Iran through additional sanctions after Saturday’s missile strike, the State Department said, “We are in ongoing engagement with allies and partners, including at the G7, on ways to increase pressure on Iran, but we cannot preview or detail measures under consideration.”
New York Post:
Earlier this month, a group of 13 Republican senators led by Senate Banking, Housing, and Urban Affairs Committee Ranking Member Tim Scott (R-S.C.) wrote a pointed letter to Treasury Secretary Janet Yellen and Secretary of State Antony Blinken calling for an end to such sanction waivers.
The senators called it “unfathomable” that the Biden administration believes that making the funds potentially available to Iran serves US national security interests.
“If we want to actually restore deterrence in the region, those funds should be placed further out of Iran’s reach, not closer,” the blistering letter said.
On April 9, the committee grilled Deputy Treasury Secretary Adewale Adeyemo about the “fungible nature” of the funds, which ostensibly are earmarked exclusively for humanitarian purposes.
Even Adeyemo said it is likely the funds have been used to finance “violent activity” before a cent of them reaches Iranians in need.
MY TAKE: Most of the Iranian oil goes to China. Biden does not want to piss off China. He also does not want higher gasoline prices this summer.
Re: As Oil Soars, Trapped Hedge Funds Are Flooding Into Energy Stock Shorts And Hoping For A Selloff
Posted: Tue Apr 16, 2024 12:15 am
by aja57
"Israel is not going to allow Iran to go unpunished."
Today: "Asked if plans are in the works to increase pressure on Iran through additional sanctions after Saturday’s missile strike, the State Department said, “We are in ongoing engagement with allies and partners, including at the G7, on ways to increase pressure on Iran, but we cannot preview or detail measures under consideration.”
The State Department will do nothing to Iran because oil and gas prices here are critical to Biden's (Obama) re election . In fact the Biden(Obama) WH is walking a tightrope with Iran and Bibi. After reading that the State Department gave a "tacit approval" of Iran's plan to attack Israel "within certain limits" along with the biggest news of the weekend that there is a strong geopolitical realignment with Israel, Jordan ,UAE ,Egypt and the House of Saud, Bibi now likely controls who the next US President will be in November. A retaliatory strike with destruction of Iranian oilfields will end the Iranian economy and the Biden's re election(Obama's 4th term) as soaring oil and gas price prices ignite hyperinflation. Frankly Bibi hates Biden(Obama) and I don't believe Bibi will let Biden (Obama) go unpunished.
Re: As Oil Soars, Trapped Hedge Funds Are Flooding Into Energy Stock Shorts And Hoping For A Selloff
Posted: Tue Apr 16, 2024 1:50 am
by Orindakid
Take out Kharg island and the Abadan refinery.
I visited Kharg in 1977 when I worked in Ahwaz, pretty easy target!!
Re: As Oil Soars, Trapped Hedge Funds Are Flooding Into Energy Stock Shorts And Hoping For A Selloff
Posted: Tue Apr 16, 2024 2:26 pm
by aja57
Between the dismal polling for Biden and the WH concern that Bibi will bomb Iranian oilfields, Podesta is telegraphing the next move..
https://twitter.com/zerohedge/status/1780292096588394682