Tuesday, August 1, 2023

OMG! Let’s See If EIA “Confirms” Tomorrow — August 1, 2023

Locator: 45280OIL.

Link here.


My hunch: one of several things happens tomorrow — if numbers above are confirmed overnight:
  • the weekly EIA report is delayed;
  • the weekly EIA report is released with third paragraph redacted;
  • SecEnergy Granholm meets with Jim Cramer on CNBC at 8:00 a.m. to announce another record SPR release; says “all is well”; Cramer indicates Americans are back to traveling and says there’s always a bull market somewhere … and today it happens to be CVX and OXY;
  • SecEnergy Granholm announces that she would like to spend more time with her family;
  • Donald Trump is indicted and everyone forgets about oil;

Later, 4:47 p.m. CDT: the last one is off the table -- it's breaking now -- Donald Trump has been indicted. 

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