How manipulative is CNN fake news?? Here's an example...

[Walt]

Prices are already coming down, Wally.

The price has been going up, it is now $103.86.

On the 9th, it went up to nearly $120, the next day it dropped to nearly $80, and now has been moving up until it is now $103.86.

The Strait of Hormuz is open to traffic

Transits have gone from an average of over 60 a day to less than 6 a day. None of the transits are significant amounts of oil. That is called "effectively closed."

Not all of the world's oil moves through that strait.

20% of it does, and there is no obvious long or even medium term replacement for that 20%.

172 is not 400

400 million barrels from multiple countries oil reserves, with 172 million coming from the US oil reserves for now. Other countries have oil reserves closer to the immediate need for oil, so they were cajoled into release oil on the promise that in the near future it would be replaced out of our oil reserves. That is not included in the 172 million, so we may be losing quite a bit more than 172 million.

 

[Matt Dillon]

gfm has not made a case.

CNN tells the facts, and gfm spins them.

They conveniently left out the bottom price at the end of the day, Fakey Jakey. That's dishonest reporting.

 

[Jake Starkey]

CNN notes that the price fell by the end of the day, yet was significantly higher than one the day started.

Trump and GOP/MAGA have created the same three inequity balances that caused the financial troubles of 2008-2011.

I am preparing once again to buy up property.

 

[Into the Night]

The price has been going up, it is now $103.86.

On the 9th, it went up to nearly $120, the next day it dropped to nearly $80, and now has been moving up until it is now $103.86.

Lie. Argument from randU fallacy. Current price is 97.20. It never went up to 120 on the 9th. Lying won't work, Wally. Source: NYMEX

Transits have gone from an average of over 60 a day to less than 6 a day. None of the transits are significant amounts of oil. That is called "effectively closed."

It is not closed, Wally.

20% of it does, and there is no obvious long or even medium term replacement for that 20%.

Of what, Wally?

400 million barrels from multiple countries oil reserves, with 172 million coming from the US oil reserves for now. Other countries have oil reserves closer to the immediate need for oil, so they were cajoled into release oil on the promise that in the near future it would be replaced out of our oil reserves. That is not included in the 172 million, so we may be losing quite a bit more than 172 million.

172 is not 400, Wally.

 

[Monad Portal]

Yep, and morons like lefty are perfect examples of their target audience. Lurchy is another perfect example, he struggles with too many words strung together like you find in articles. Headlines are about the limit for morons like him, and there are many Lurchy's out there.

is releasing oil from strategic reserves a great solution or is it stupid and short-sighted?

just admit you work for China, asseater.

 

[Walt]

Once again we are all dumber for Night contributing his denials to the board. Defending trump seems to require a lot of denial of reality.

On the 9th, it went up to nearly $120, the next day it dropped to nearly $80, and now has been moving up until it is now $103.86.

Lie. Argument from randU fallacy. Current price is 97.20. It never went up to 120 on the 9th.

These are just facts. On the 9th, Brent hit a recent high of $119.40(nearly $120), then the next day it hit post high low of $81.16(nearly $80). It has gradually gone up until at 6:59pm EST Friday 13th it was at $103.86. If you trade on an exchange that closes at 5:00pm EST, then the last price is $98.91. There are 24hour trading exchanges, which have the current price at $103.14. The 24 hour exchanges are more up to date, but have less liquidity, so we will have to wait until Monday 8:00am to be sure where it is between those two numbers.

https://finance.yahoo.com/quote/BZ%3DF/history/

It is not closed

You can keep arguing this, but it will not convince the reinsurers to let tankers go through the Strait of Hormuz.

400 million barrels from multiple countries oil reserves, with 172 million coming from the US oil reserves for now.

172 is not 400, Wally.

The 32 Member countries of the International Energy Agency unanimously agreed today to make 400 million barrels of oil from their emergency reserves available to the market to address disruptions in oil markets stemming from the war in the Middle East.

IEA Member countries to carry out largest ever oil stock release amid market disruptions from Middle East conflict - News - IEA

IEA Member countries to carry out largest ever oil stock release amid market disruptions from Middle East conflict - News from the International Energy Agency

www.iea.org

 

[Walt]

is releasing oil from strategic reserves a great solution or is it stupid and short-sighted?

It is a short term solution, so if trump can find a medium term solution, it makes sense. I am not seeing him even work on a medium term solution, so we are in real trouble.

So I probably agree with Monad.

 

[Monad Portal]

It is a short term solution, so if trump can find a medium term solution, it makes sense. I am not seeing him even work on a medium term solution, so we are in real trouble.

So I probably agree with Monad.

it's inevitable.

we are being rope a doped by the world.

fuck these people and their internal neocon globalist shit eating traitors.