Locator: 50378WTI.
Share prices of oil majors plummeting. War will end soon.
Tea leaves:
- one last major B-52 sweep this weekend;
- major announcement Monday or Tuesday; mission accomplished;
- US stands down; defensive stance only;
- US awaits Iran’s response;
- US no longer considers the strait its problem;
- those who need the strait? It’s now their problem;
- WTI settles into a $90 - $100 trading range;
- truly fascinating.
- this war will continue indefinitely.
Breaking, 6:41 p.m. CT: Trump says the US will have "nothing to do" with the Strait of Hormuz once the special military operations in Iran concludes.
This seems to me to be very good news for US drillers.
It seems to suggest that the price of oil will remain in a trading range of $90 - $100.
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The Book Page
My book today: Like a Rolling Stone: A Memoir, Jann S Wenner, September 13, 2022.
Notes here.
This is absolutely fascinating.
From the notes:
So, Jann Wanner, my almost exact contemporary but being older by five years (born 1946), he was a generation older than I -- the first love of my life and my wife of 50 years -- both born 1949 ...
the Beatles, Vietnam War, etc., during his coming of age years, just after graduating from high school and starting college at Berkeley -- meanwhile -- I was still in middle school, transitioning to high school.
Most fascinating: Jann Wenner's first 20 years of life in northern California and then southern California were areas that I came to know very, very well in 1973 and later years.
It's also interesting, in anyone's life, how a fork in the road or a short five-year period of time -- for me -- WWII -- the Korean War -- the Vietnam War -- USC School of Medicine -- Bitburg AB, Germany -- can change everything that follows -- forks in the road.
Wow, wow, wow -- never quit reading; one never knows what one might find.
