[-] HarryLime@hexbear.net 76 points 1 month ago

Short positions in Brent crude oil futures by producers, merchants, processors, and commercial users are up to a record $193 billion.

These are the companies that physically produce, refine, trade, and consume oil, from major producers and refineries to shipping firms and industrial users.

Short positions have DOUBLED since the start of the year.

By comparison, the 2022 energy crisis peak was ~$155 billion.

By selling futures contracts at today's prices, producers are agreeing to sell their future oil at ~$100+ per barrel, even if the market price falls by the time they actually pump it.

This guarantees their revenue regardless of where prices go next, protecting their margins when prices normalize.

Oil producers are seeing unprecedented profitability.

29
submitted 1 month ago by HarryLime@hexbear.net to c/art@hexbear.net

fuck it posting greatest painting of all time

17
submitted 1 month ago by HarryLime@hexbear.net to c/art@hexbear.net
13
submitted 1 month ago by HarryLime@hexbear.net to c/art@hexbear.net
36
submitted 1 month ago by HarryLime@hexbear.net to c/art@hexbear.net
33
submitted 1 month ago by HarryLime@hexbear.net to c/art@hexbear.net
9
submitted 1 month ago by HarryLime@hexbear.net to c/art@hexbear.net
48
submitted 1 month ago by HarryLime@hexbear.net to c/art@hexbear.net
15
submitted 1 month ago by HarryLime@hexbear.net to c/art@hexbear.net
7
submitted 1 month ago* (last edited 1 month ago) by HarryLime@hexbear.net to c/art@hexbear.net
12
submitted 1 month ago by HarryLime@hexbear.net to c/art@hexbear.net
21
submitted 1 month ago by HarryLime@hexbear.net to c/art@hexbear.net
20
submitted 1 month ago by HarryLime@hexbear.net to c/art@hexbear.net
[-] HarryLime@hexbear.net 76 points 8 months ago

Wandering around aimlessly is a sign of dementia

[-] HarryLime@hexbear.net 77 points 10 months ago

Seeing reports that Iran launched the missiles before the ceasefire came into effect and they landed after. Buzzer beater missile attack.

If Israel responds, they break the ceasefire, and if they don't, they look weak. Very cheeky move by Iran, and it seems to indicate they feel they've won.

[-] HarryLime@hexbear.net 79 points 2 years ago

He thought all cheese was as delicious as the Wisconsin cheddar he had during his semester abroad in Iowa.

[-] HarryLime@hexbear.net 79 points 2 years ago

Congratulations to the PRC for lasting longer than the Soviet Union.

view more: ‹ prev next ›

HarryLime

joined 5 years ago