this is part of Trump's secret plan to stop climate change
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He's even bad at cronyism with receptive govts
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Yeah I understand Saudi Arabia is probably the cheapest place anywhere for oil. Yet I am shocked the market cap for ARAMCO is not lower since its IPO 6 months ago.
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To be clear this is the physical delivery forward contract for May, which expires tomorrow. So owners of these contracts are obligated to take delivery of oil next month and figure out how to transport and store it. Forward contracts June onwards are all >$20/barrel still.
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Retweet undone. But still...
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I got cheap gas today, so I guess a I’m fine until next month.
End of conversation
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