I deal in reality.My currency is information. Massive amounts of information we collect and distill down to its essence. The facts Just the fats mam!
I have a indicator i follow. Its called the nervous Nellies. You know our secret we average in and fuck them in the ass. I pick market tops and bottoms most of them times when the nervous Nellies lizzaed out. It never fails! I do not bother fighting them any more. Sure do what YOU think and see how much you make. Why hire a expert only to lose your balls at the exact time you need to double down………
Oil Demand Destruction they are hiding from you
U.S.
U.S. oil demand has fallen to 14.4 million barrels a day, the lowest in data going back to 1990 and a drop of more than 30 percent from pre-crisis levels. EIA forecast the hit to oil demand will be 16.7 million barrels a day this summer. A number of U.S. refiners, including HollyFrontier and Marathon Petroleum, cut run rates by 30 percent.
India
Crude demand in the world’s third-biggest consumer has collapsed by as much as 70 percent as India endures one the planet’s largest infections rates according to officials at the country’s refiners. Consumption could average about 50 percent below last year’s levels. That’s 3.1 million barrels a day of lost oil demand, according to data compiled by Bloomberg.
China
Oil refineries in China, the world’s biggest crude importer, had increased processing rates to near last year’s average levels last month. That glimmer of hope to a global market reeling from the virus has vanished as China lockdowns have started again and record breaking fluds are shutting down what is left of their economy. Meanwhile, processing at private refiners, known as teapots, have started to shut down again with China loading of Russian crude have collapsed.
In Spain, one of the countries hit worst by the disease, oil product demand fell by 23 percent in March, according to Bloomberg NEF. Air and road fuel consumption were the most affected, with gasoline and road diesel falling by 35.5 percent and 26.5 percent respectively. Demand for kerosene, predominantly consumed in the aviation sector, fell 42.5 percent as aircraft remained grounded across much of the country. Spain has extended its lockdown again closing the Catalina region once again
Italy
Italy, which with Spain imposed some of Europe’s harshest restrictions on movement, is strarting to consider lock down again. Retail fuel sales have plunged 85 percent, according to service station union estimates. And Toursim is non existant. The country’s refiners risk permanent supply-chain disruption as companies stockpile crude and reduce production, industry lobby FederPetroli Italia said.
U.K.
Sales of gasoline and diesel in the U.K. were down by 66 percent and 57 percent respectively, as of March 31, according to the U.K. Petrol Retailers Association. Britain’s top supermarket, Tesco, said gasoline sales were down. With a 2 week quarantine on people entering England its hard to see where a significant recovery in demand will occu.
Netherlands
A survey of Dutch car dealers, driving schools and transport companies revealed that respondents had lost almost half of their revenue because of the coronavirus and about 80 percent may need to seek additional credit within three months. “The Netherlands really has come to a standstill,” said Bovag spokesman Tom Huyskens. “Only those that really need it are driving, filling up their tank, but otherwise traffic has pretty much stopped.
In Closing:
If we kill the cats we will stop the plague… No No NO its the magic shot. Give me another 2 billion and we will finish the 3rd phase of clinical trials and everyone will get the magic shot. In the mean time we get the daily new infections count and for whom the bell tolls the number of people sent up the river as in DEAD. For the record the economy is in a nose dive. And if it was not for the daily dose of vaccine joy gel the DOW would be on new record lows. Sooner or later the body count catches up with the altered reality as in their is no proven vaccines and those in studies are with SMALL populations only work on HIGH REPEATED doses. Oh i am sorry in the fine print they mention “Booster Shots” ……. And the part about ALL coronaviruses mutate and they have not come up with an effective vacine despite the countless billions spent on the YEARLY flu shot that is on average 25% effective for 6 months. Remembr the coronavirus 19 to 30 times more infections then the flue. Like a aerosol virus spreads like TB and if you take their watered down numbers this plague is ten times at least deadlier.