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Captain Suave

Captain Suave

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The Saudis don't give public information on their capacity for obvious reasons, but the last I'd looked into it I thought it was reasonably well accepted that their maximum output is about 12.5B barrels per day, which is roughly their current production rate. I don't think it's a question of them being pissed, they just can't get any more oil out of the ground any faster. Setting up new wells takes years and stupid amounts of money, and everyone is reticent to invest given the industry's notorious boom/bust capacity cycles.
 
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Jysin

Jysin

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15minutes to CPI data for April.

Other news, NFLX downgraded to "sell" by Goldmans.
 
TJT

TJT

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Mist said:
He could seize and nationalize all US oil companies.
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There isn't much of a mechanism in the USA for forcibly seizing private enterprises like this. As much of a hardon as you get for it.
 
Sanrith Descartes

Sanrith Descartes

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Jysin said:
15minutes to CPI data for April.

Other news, NFLX downgraded to "sell" by Goldmans.
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There is a small chance all the bullshit the last couple of days will be a head fake but I doubt it. The administration lacks the imagination to try that. I expect CPI to blow donkey dick and they have spent the last couple of days preparing everyone.
 
Jysin

Jysin

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08:10 (US) Preview: May CPI data expected at 08:30 ET (12:30 GMT) **Consensus expectations:
- CPI MoM: 0.7%e v 0.3% prior; YoY: 8.3%e v 8.3% prior
- CPI (ex-food/energy) MoM: 0.5%e v 0.6% prior; YoY: 5.9%e v 6.2% prior
- CPI Index NSA: 291.694e v 289.100 prior; CPI Core Index SA: 291.945e v 290.455 prior

**Note: The Mar CPI YoY reading of 8.5% was the highest increase since 1981
- Range of analyst expectations for CPI seen between 8.1-8.5%
 
Sanrith Descartes

Sanrith Descartes

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Jysin said:
08:10 (US) Preview: May CPI data expected at 08:30 ET (12:30 GMT) **Consensus expectations:
- CPI MoM: 0.7%e v 0.3% prior; YoY: 8.3%e v 8.3% prior
- CPI (ex-food/energy) MoM: 0.5%e v 0.6% prior; YoY: 5.9%e v 6.2% prior
- CPI Index NSA: 291.694e v 289.100 prior; CPI Core Index SA: 291.945e v 290.455 prior

**Note: The Mar CPI YoY reading of 8.5% was the highest increase since 1981
- Range of analyst expectations for CPI seen between 8.1-8.5%
Click to expand...
I am calling 9+
 
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Jysin

Jysin

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Sanrith Descartes said:
There is a small chance all the bullshit the last couple of days will be a head fake but I doubt it. The administration lacks the imagination to try that. I expect CPI to blow donkey dick and they have spent the last couple of days preparing everyone.
Click to expand...
Had the same fleeting thoughts re WH pres sec talking an elevated print. Part of me thinks "underpromise, overdeliver?"

In that case, the sell yesterday would likely get bought violently if we come in under.

However, I am not so sure that is the case. Also keep in mind, this is a lagging indicator. These are April numbers. May oil / energy costs are higher, so just in case we get a lower print today doesnt mean "peak inflation" has actually occured. But that will be the media narrative, for sure.
 
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Jysin

Jysin

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08:30 *(US) MAY CPI M/M: 1.0% V 0.7%E; Y/Y: 8.6% V 8.3%E (highest annual pace this year and since 1981; above all analyst expectations)
- CPI (ex-food/energy) M/M: 0.6% v 0.5%e; Y/Y: 6.0% v 5.9%e
- CPI Index NSA: 292.296 v 291.694e
- CPI Core Index SA: # v 291.945e
 
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Sanrith Descartes

Sanrith Descartes

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Jysin said:
08:30 *(US) MAY CPI M/M: 1.0% V 0.7%E; Y/Y: 8.6% V 8.3%E (highest annual pace this year and since 1981)
- CPI (ex-food/energy) M/M: 0.6% v 0.5%e; Y/Y: 6.0% v 5.9%e
- CPI Index NSA: 292.296 v 291.694e
- CPI Core Index SA: # v 291.945e
Click to expand...
Fuckers. You know that shit is closer to 10
 
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Sanrith Descartes

Sanrith Descartes

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Mist

Mist

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TJT said:
There isn't much of a mechanism in the USA for forcibly seizing private enterprises like this. As much of a hardon as you get for it.
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Shooting a few oil executives for sitting on permits and other fuckery so they can price gouge would work equally well.

The banking crisis tells us that if you don't shoot a few people to make an example, that same shit'll just happen all over again.
 
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Big Phoenix

Big Phoenix

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Mist said:
Shooting a few oil executives for sitting on permits and other fuckery so they can price gouge would work equally well.

The banking crisis tells us that if you don't shoot a few people to make an example, that same shit'll just happen all over again.
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So explain, why didn't oil execs price gouge 3 years ago to get gas to $6+? Why did they let it stay under $2 and leave all that profit on the table?
 
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Fogel

Fogel

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Big Phoenix said:
So explain, why didn't oil execs price gouge 3 years ago to get gas to $6+? Why did they let it stay under $2 and leave all that profit on the table?
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Same reason Putin didn't invade Ukraine the previous 4 years. Because reasons!
 
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Tmac

Tmac

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Big Phoenix said:
So explain, why didn't oil execs price gouge 3 years ago to get gas to $6+? Why did they let it stay under $2 and leave all that profit on the table?
Click to expand...

Shouldn’t debate off-their-meds retards.
 
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