Mar. 4 at 5:26 PM
$USO I haven't read the entire thread since the war started, but has anyone considered the possibility that the Iranian Islamic government falls and sabotages their oil export facilities.
This statement suggests they may do that: ""We will not allow the region's energy resources to fall into the hands of the enemy," said Brigadier General Ebrahim Yabari, advisor to the commander-in-chief of Iran's Islamic Revolutionary Guard Corps, after accusing the United States and Israel of launching attacks on Iranian territory."
Taking ~3 MMBPD crude exports off the world market for an extended period would be huge.
$CVX and
$DVN have barely budged since this war started and I'm not selling any more shares until there's a significant increase. Trump is doing everything he can to have his cake and eat it too, i.e. topple Iran's government and keep oil prices low by using taxpayer dollars to insure foreign oil keeps flowing through the Strait of Hormuz. But I'm holding my shares to bet against it
