Zero Hedge: “NEWS”
Tendy’s Fortunate Son: “Otters notice how generous you are.”
ABOUT OIL:
CONTANGO: when the spot price is LESS THAN the futures price.
BACKWARDATION: when the spot prices is MORE THAN the futures price.
THE EQUILIBRIUM PRICE: when the futures price and the spot price balance and overlap.
Oil is currently in BACKWARDATION.
In MARCH of 2020, it was in CONTANGO.
FUN FACT: it’s nearly IMPOSSIBLE to find SPOT PRICES for OIL on the WWW right now. VERY VERY BURIED … wonder why?
This source is “okay”, but doesn’t really tell me what Japan is paying, specifically – probably uses simple arithmetic mean to obscure the extremities of everywhere BUT the USA: https://countryeconomy.com/raw-materials
FRED (US consumption data and its manipulation OBSCURES real and specific world spot prices): https://fred.stlouisfed.org/series/WTISPLC
Just Gone: https://planetarystatusreport.com/?p=28300
How’s the weather: https://planetarystatusreport.com/?p=28293
LAST FOOD: https://planetarystatusreport.com/?p=28287
They FEEL GREAT SADNESS as they punch you in the face: https://planetarystatusreport.com/?p=28283
A little treat: https://planetarystatusreport.com/?p=28280
Reap it: https://planetarystatusreport.com/?p=28274
I curse: https://planetarystatusreport.com/?p=28239
Turn it up, turn it down: https://planetarystatusreport.com/?p=28222
You can’t torture them: https://planetarystatusreport.com/?p=28333