Tariffs...what to make of them.

these are all futures contracts -
the market sets the price, not the producer.

if the price comes down, they just let the future expire.

if the contract is not delivered upon, and force majeure is claimed, the producer just gives back the money.

it is a bit more complicated because of the global shipping and insurance -
but yeah, they are making a bunch for the delivered contracts - but they have to be delivered.
 
You have to ask yourself, who profited from American attacking Iran? I hate to say it but it’s Russia. Not only did trump remove the restrictions on buying Russian oil, but now Putin gets over $100 per barrel.
 
You have to ask yourself, who profited from American attacking Iran? I hate to say it but it’s Russia. Not only did trump remove the restrictions on buying Russian oil, but now Putin gets over $100 per barrel.
Well don't forget Iran too since we removed their sanctions as well. Oh and now they are getting a ransom from every ship they let thru the strait.

And of course lets not forget the good people at our oil companies.
 
Interesting factoid: the percentage of Iranians who support their regime and the percentage of Americans who support this war are about the same - ~30%.
 
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