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Ferrous

@FerrousFriend

commodity trader, enjoy selling big boats full of grain

Joined September 2020
  • Tweets1.2K
  • Following495
  • Followers211
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Miilato (@litteralyme0) profile picture
Miilato
@litteralyme0Oct 28
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TTI
@TikTokInvestorsAug 23
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#gondola
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miilatoooo
@miiilatoJul 7
Christopher Moltisantimaxxing (wasting my potential, zero impulse control, searching for my arc, overthinking, quick to anger, taking everything personally)
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Miilato (@litteralyme0) profile picture
Miilato
@litteralyme0Jul 6
real
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#gondola
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*DATABRICKS TO LAUNCH TOOL TO HELP COMPANIES CAP AI COSTS: AXIOS
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Tanker bulls aren't even making arguments anymore they just look at you like this
Image from Nick Ristic (@ristic_nick)
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One of the cool things about owning puts is that as the market moves against you, you lose less and less money every day.
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Moe (@vvsmoe) profile picture
Moe
@vvsmoeApr 22
Replying to @naval @ctjlewis
Yes lemme buy pre-ipo startup bags at $1T valuation
Image from Moe (@vvsmoe)
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Bibawen (@asimbawe) profile picture
Bibawen
@asimbaweApr 9
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Iran’s toll is reportedly $1 per barrel for all oil passing through Hormuz (roughly $2 million for a VLCC tanker), to be paid in crypto -FT
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I lost $350k in less than 72 hours to altcoins.
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Bibawen (@asimbawe) profile picture
Bibawen
@asimbaweApr 5
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Three Anglosphere heads of government about to address their respective nations and stocks are up and Brent below $100/bbl. Hope springs eternal.
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Ferrous retweeted
Miilato (@litteralyme0) profile picture
Miilato
@litteralyme0Mar 30
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Replying to @JavierBlas
The crude math is easy. Prewar 14.8 mbpd crude (the 20 number includes products) through the SOH. Now 1.5 Iranian plus about 1 mpbd extra going through bypasses around UAE so total shut in around 12.3 mbpd. Now 5 mbpd exiting via Yanbu so total deficit 7.3 mbpd crude. Demand elasticity is at minimum -.1% for the globe though most academic studies put it at 2x that. Even at a conservative number the move in price from 65 -> 100 is 50% up so 5% decline in demand or about 5.2 mbpd. So total current shortfall at $100 is about 7.3 - 5.2 =2.1 mbpd. This is trivially made up by releases from global stockpiles of nearly 3 billion barrels. So no the price is not going to $150 or $200.
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Iran Says Ready to Let Japan Vessels Use Hormuz, Kyodo Reports Iranian Foreign Minister Abbas Araghchi said the nation is prepared to allow Japanese-related vessels to pass through the Strait of Hormuz after consultations between the countries’ officials, according to Kyodo News. Araghchi made the comments in an interview with the Japanese news agency on Friday, Kyodo said. Japan relies heavily on the Middle East for its oil-import needs. The war in Iran prompted the Asian nation to release oil from its reserves this month. (Bloomberg)
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EU FOREIGN AFFAIRS MINISTERS WILL DISCUSS POTENTIALLY A WIDENING OF THE EU ASPIDES NAVAL MISSION TO THE STRAIT OF HORMUZ- FT
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blockgraze (@blockgraze) profile picture
blockgraze
@blockgrazeMar 13
wow that looks bad quick, DCA the index
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