For once, I completely agree with this guy. I’m getting hard core buzz from my O&G buddies and all they can do is blink like calves in a snow storm. It is out of refiners hands - Completely!.. And the realization by the American public will be sudden.
Telling it like it is.
I like the way this guy’s perspective is being expressed.
Thanks, for the LINK!
Here we go again.
Here is another perspective…
The markets are not moving, Peter, because they have figured out what everyone else has:
These wars are ‘kayefab’ drama productions, staged by the MIC and allies within the political system.
When London, Berlin, Geneva, Paris, Beijing, Canberra and New Delhi break and come to the table with their heads bowed, The Iran escapade will end.
Notice, I have omitted Brasilia
https://www.reuters.com/world/brazils-lula-says-trump-unlikely-sway-upcoming-election-2026-05-07/
The Market Discounts Everything — Stock prices reflect all known information (economic, political, etc.). Charles Dow
Wars introduce massive uncertainty (military outcomes, economic disruption, resource allocation, inflation, etc.), but the stock market doesn’t wait for events to fully unfold.
stock prices already incorporate (or “discount”) all available information — including economic data, political developments, natural disasters, and geopolitical events like wars — at any given moment. The market acts as a forward-looking mechanism that aggregates the collective knowledge, expectations, and emotions of millions of participants.
As lockdowns spread, cases surged, and uncertainty peaked, the S&P 500 crashed ~34% from its February high to the March 23 bottom — one of the fastest bear markets ever. Volatility exploded, with multiple circuit-breaker days.
The market was simultaneously pricing in: massive demand destruction, business closures, unemployment spike, and corporate earnings collapse. He’s using the CNBC model of causation.
With massive demand destruction, ALL the shortages eventually became gluts.
If we’re lucky, can’t make any promises, we’ll get to watch this again as the next global virus starts to percolate. You run to Costco and stock up on toilet paper and paper towels (thanks for the shortages), you stop consuming because you’re locked down (Happy Days Here Again). The Fed begins to print, and while gold bugs are yelling Weimar, Weimar, like Covid, gold and silver doesn’t react to the QE, and tanks (again) setting the stage for the next rally.
Check a chart of every war since WW1, panic selling, followed by mad accumulation and parabolic moves.
Markets are rationale. He’s attempting to make a case that the causation mechanism is broken rather than seeing that the market is the causation mechanism, not the events. Me thinks he doesn’t trade markets too often.