Cardinal Energy Ltd (Alberta) T.CJ

Oil surges as Iran prepares to launch attack on Israel:

[spurwing2]

https://finance.yahoo.com/news/oil-steadies-mideast-tensions-vie-232651975.html

[Quintessential1]

Iran?  Is that one of those oil producing members of OPEC+ other than Russia? No wonder oil is up. GLTA

[VeritasVern]

Wow this came out of nowhere! I can't believe the region would escalate into that, there was zero warning that would happen! So much for the BS no price premium to oil and no threat to the middle east. Or was it well understood the region was escalating out of control for a long time, following the script that was mentioned last week. And finally we should give credit to and mention the

[bows333]

I would disagree that this came out of nowhere. For the past year, studying news articles, it has been clear that Israel planned to take out Hamas first, Hezbollah second, and Iran third. Iran has just decided not to wait for Israel to finish with Hezbollah, so they moved now. The Houthis are a wild card. You can be certain that both Russia (a political ally) and China (a financial/oil supplier

[Quintessential1]

Remember when Russia camped on Ukraine's border for months and oil didn't go up until they actually invaded? This seems a lot like that considering Iran has been fighting a proxy war since March. No actual oil price rise until Iran attacks Israel without a proxy though.  Who'da thunk it? A 1/2 point FED rate cut certainly isn't hurting though. ;-) Doesn't Iran know

[VeritasVern]

The Russian buildup wasn't months but more like weeks besides the difference was that there wasn't a missile fired during that time. The West didn't think it Russia would invade at the time, downplaying the event and certainly the severity of what Russia was saying/warning about. And that appears to have been a great miscalculation as it caused the spike in oil prices and inflation

[Quintessential1]

Yeah the Rusiian build up started in November of 2021 and they didn't invade the Ukraine until the end of February 2022.  Sure it was like 12 weeks but newsflash fact boy thats 3 months.  If you can't even get the first line of your response  correct it kind of makes the rest moot. Hey guess when oil spiked....right when they invaded.  Just like now. CJ should be

[VeritasVern]

Sure Quint, the most important point is you can't even remember that Iran aready sent a barrage of missiles to Israel in April... so the precedence has already been established. That kind of makes anything and everything you have ever said baseless.

[Quintessential1]

I see so Iran attacks Israel oil spikes up then and the talks Israel down (as it was a retaliatory strike already) and oil levels off again.  It was also 5 months ago. Iran strike Israel now and oil goes up again but coincidence?  Geez dude talk about making baseless comments you can't even follow historic data accurately how were you ever expecting to forecast future events

[VeritasVern]

Tell us again how the shut in of oil rigs due to hurricane Hellene is a wash again???  Haha you don't even know basic principles of S&D relationships. What about Demented Biden, the missing in action, beach-goer, while wars escalates? LOL ;-)  GLTA

[Quintessential1]

Well gulf oil rigs suplly oil to US inventories so when they are shut in they don't.  Gulf exports remove oil from US inventories but ports are emptied of ships during hurricanes. No oil added and no oil removed is a wash.  Seems simple unless you're a simpleton. Are you? LOL anything else you'd like to backtrack on? GLTA   

[VeritasVern]

You are clueless, did you have to google that? lol So demand stays constant while production from rigs is halted. Demand is the same but supplies are down. Simple math: same demand, but less supply = higher prices. Right so let's shut in the rigs on a permanent basis and tell me if its a wash....LOL LOL Seems quite simple right - unless you are a moron in denile? Are you? You really need to

[Quintessential1]

Flat inventory does not indicate less supply or more supply or less demand or more demand. It indicates a wash.  Traders reflected it in flat pricng. Once again it's not you that is wrong.  It's the world. ;-) LOL GLTA