Discover and read the best of Twitter Threads about #oott
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#crudeoil! Rare for this kind of move to take place without a headline or data release, as was the case. 
Extremely wild week in oil. No public news behind today's -200 tick straight down move. #OOTT
Here comes the hindsight narrative: zerohedge.com/news/2018-07-0…. Sounds legit. Though the probability of Saudis unilaterally agreeing to add another 1mmb/d is close to zero.
WEDNESDAY MORNING: Once again. Too much to explain, so best to sum up.
First off, #OPEC and its rapidly disintegrating deal, and Trump's part in that as well. #OOTT #Iran
First off, #OPEC and its rapidly disintegrating deal, and Trump's part in that as well. #OOTT #Iran
Impact of the Petro-Yuan (w/ Gold settlement option) contract still to be seen; first Yuan contract settles in September 2018. As @Ole_S_Hansen notes, trading volume of the Petro-Yuan oil contract continues to build. A developing story. #OOTT #PetroGold
The Yuan/Gold settlement oil contract China has launched will fundamentally impact the Petro Dollar's dominant status. Out comes the mallet.
cnbc.com/2018/05/17/tru… #oott #oil
cnbc.com/2018/05/17/tru… #oott #oil
Russia has been receiving physical gold payment from China for oil for years.
President Trump can see where this is inevitably going globally.
Out comes the mallet.
zerohedge.com/news/2018-05-1…
#oil #oott #gold #petrogold
President Trump can see where this is inevitably going globally.
Out comes the mallet.
zerohedge.com/news/2018-05-1…
#oil #oott #gold #petrogold
$DO | Is close to completing its nearly 2yr inverted H&S bottom. The stock is up 30% since we first covered it in Feb macro-ops.com/withering-wage…. Its got a solid BS & is trading at just over 5x FCF.
I'm longer term (6m+) bullish oil but still think we see a sizable retrace soon.
I'm longer term (6m+) bullish oil but still think we see a sizable retrace soon.
$USO typically performs well later in the cycle, especially on a relative basis.
Earnings for the sector are strongly trending higher.
(thread) Quick thread to expand on Chris' point below. People always get into trouble because they confuse Peak Oil and the Peak Oil Debate. In other words, they confuse what Peak Oil IS and what Peak Oil MEANS. #OOTT
On the former, there is and always was just one definition for Peak Oil Supply: the "max rate of oil production." It's not good, or bad, it's a number. That's all it is.
This is important because argumentation starts with common definitions and terms. Since oil is finite. a max prod rate is certain. That's why you're either with us on team "finite" that thinks Peak Oil = real. Or team abiotic oil that doesn't. The choice is yours.
