Yet another war, this time with Iran

[SLD]

Wow, it's way worse than I thought:

We haven’t lost 6 KC-135’s. We lost one. I think his numbers are off. But we have blown through a lot of expensive ammo.

 

[SLD]

So Trump will pull out of NATO tonight. This is just bizarre. The cornerstone of our security is gone. He’s a Russian agent.

He can't do it on his own.

Says who? Words on paper can't right wrong actions if there is no authority to enforce those words. The rules simply don't apply to this prick.

This is why we desperately need dems to get off their ass and retake congress in November.

There might be too much time between the "election" and now. I'm still not sold the election is even happening. The GOP is acting like nothing matters because there will be no consequences.

Yeah, this cocksucker can effectively redeploy U.S. troops to destroy NATO without congressional approval. He can effectively end it without formally doing so.

I just hope that Germany, France and Britain will stand up to Putin in Eastern Europe.

 

[barbos]

Wow, it's way worse than I thought:

We haven’t lost 6 KC-135’s. We lost one. I think his numbers are off. But we have blown through a lot of expensive ammo.

Satellite pictures disagree with you

 

[Colonel Sanders]

Whatever the case, if the intended purpose was to take the public's attention off the Epstein files, it's been effective. However, the public's minuscule ability to pay attention to anything once it's over will be able to refocus on Trump's Pervert Island adventures. It's seamy and disgusting, so it actually will stay in the cycle. Thus, Trump has to either end his unpopular and destructive tantrum in Iran, which will then bring Epstein back, or he can continue with the Iran "war" which should destroy the GOP in November*.

*As always, I'm not confident that we'll have legitimate elections in November.

 

[barbos]

The way the war is going dems should win but what's the point if they can't get enough votes to send orange shit and his war criminals/insider traders to prison?

 

[ZiprHead]

A guy on LO'D a couple nights ago said we are approaching the end of the pre-war oil we purchased and we should get ready for the prices to skyrocket.

 

[pood]

So Trump will pull out of NATO tonight.

Where are you getting this?

 

[ZiprHead]

Trump will be making a speech tonight. Lawrence O'Donnell makes a good case it will be Trump announcing his surrender of the war.

 

[bilby]

A guy on LO'D a couple nights ago said we are approaching the end of the pre-war oil we purchased and we should get ready for the prices to skyrocket.

Then that guy knows zippo about how oil prices work.

The price of oil is determined in a futures market - the headline price per bbl is what you will currently pay for oil to be delivered in a couple of months time.

That is to say, if supplies are going to dry up in the near future, that fact has already been built into the price.

Most oil future delivery contracts are held by people who have no intention of having any oil delivered to them. They sell the delivery contracts to a refinery when they come due, and hope that on that date the contract is worth more than they boight it for. If they are left holding them on delivery day, they are in deep shit, because they have no oil handling facilities to recieve the shipments, and if that happens, they will have to pay someone who does have such facilities to take the oil off their hands.

That happened when COVID hit, and oil prices went negative - a bunch of futures traders couldn't find buyers for their contracts, so they 'sold' them at negative prices, ie paid someone to take the surplus even though they didn't really want it.

 

[ZiprHead]

A guy on LO'D a couple nights ago said we are approaching the end of the pre-war oil we purchased and we should get ready for the prices to skyrocket.

Then that guy knows zippo about how oil prices work.

The price of oil is determined in a futures market - the headline price per bbl is what you will currently pay for oil to be delivered in a couple of months time.

That is to say, if supplies are going to dry up in the near future, that fact has already been built into the price.

Most oil future delivery contracts are held by people who have no intention of having any oil delivered to them. They sell the delivery contracts to a refinery when they come due, and hope that on that date the contract is worth more than they boight it for. If they are left holding them on delivery day, they are in deep shit, because they have no oil handling facilities to recieve the shipments, and if that happens, they will have to pay someone who does have such facilities to take the oil off their hands.

That happened when COVID hit, and oil prices went negative - a bunch of futures traders couldn't find buyers for their contracts, so they 'sold' them at negative prices, ie paid someone to take the surplus even though they didn't really want it.

I was mistaken. It wasn't Lawrence O'Donnell's show. It was Ari Melber's show and the person I was referring to is Nobel Prize winning economist Paul Krugman.

 

[Jimmy Higgins]

A guy on LO'D a couple nights ago said we are approaching the end of the pre-war oil we purchased and we should get ready for the prices to skyrocket.

Then that guy knows zippo about how oil prices work.

The price of oil is determined in a futures market - the headline price per bbl is what you will currently pay for oil to be delivered in a couple of months time.

That is to say, if supplies are going to dry up in the near future, that fact has already been built into the price.

Most oil future delivery contracts are held by people who have no intention of having any oil delivered to them. They sell the delivery contracts to a refinery when they come due, and hope that on that date the contract is worth more than they boight it for. If they are left holding them on delivery day, they are in deep shit, because they have no oil handling facilities to recieve the shipments, and if that happens, they will have to pay someone who does have such facilities to take the oil off their hands.

That happened when COVID hit, and oil prices went negative - a bunch of futures traders couldn't find buyers for their contracts, so they 'sold' them at negative prices, ie paid someone to take the surplus even though they didn't really want it.

I was mistaken. It wasn't Lawrence O'Donnell's show. It was Ari Melber's show and the person I was referring to is Nobel Prize winning economist Paul Krugman.

I'm wondering if this is less the oil price as much as the oil supply. We have the oil that was already working its way into the system and the pausing of oil from the Gulf States would start making itself noticed now. THAT can impact oil prices. I think we are starting to reach a point of issue for Asia, but we have a month or two until we start noticing issues.

 

[Jimmy Higgins]

Just as a reminder, the President is an idiot!

The U.S. military has given the president a plan to seize nearly 1,000 pounds of highly enriched uranium in Iran that would involve flying in excavation equipment and building a runway for cargo planes to take the radioactive material out, according to two people familiar with the matter.

The complex plan was briefed to the president in the past week after he asked for a proposal, they said, as were its significant operational risks.

Trump’s request for the plan, previously unreported, signals his interest in contemplating what would be an unusually sensitive and high-stakes special operations mission. The administration’s consideration of such an operation was first reported by the Wall Street Journal.

That isn't a special op mission... it is a full engineering mission.

 

[crazyfingers]

Just as a reminder, the President is an idiot!

The U.S. military has given the president a plan to seize nearly 1,000 pounds of highly enriched uranium in Iran that would involve flying in excavation equipment and building a runway for cargo planes to take the radioactive material out, according to two people familiar with the matter.

The complex plan was briefed to the president in the past week after he asked for a proposal, they said, as were its significant operational risks.

Trump’s request for the plan, previously unreported, signals his interest in contemplating what would be an unusually sensitive and high-stakes special operations mission. The administration’s consideration of such an operation was first reported by the Wall Street Journal.

That isn't a special op mission... it is a full engineering mission.

But Trump said that it was oblitherated! I don't get it. Trump doesn't lie!

 

[Don2 (Don1 Revised)]

Can we send a special ICE team with Bogino and Mullins? Let all those bastards take each other out.

 

[bilby]

A guy on LO'D a couple nights ago said we are approaching the end of the pre-war oil we purchased and we should get ready for the prices to skyrocket.

Then that guy knows zippo about how oil prices work.

The price of oil is determined in a futures market - the headline price per bbl is what you will currently pay for oil to be delivered in a couple of months time.

That is to say, if supplies are going to dry up in the near future, that fact has already been built into the price.

Most oil future delivery contracts are held by people who have no intention of having any oil delivered to them. They sell the delivery contracts to a refinery when they come due, and hope that on that date the contract is worth more than they boight it for. If they are left holding them on delivery day, they are in deep shit, because they have no oil handling facilities to recieve the shipments, and if that happens, they will have to pay someone who does have such facilities to take the oil off their hands.

That happened when COVID hit, and oil prices went negative - a bunch of futures traders couldn't find buyers for their contracts, so they 'sold' them at negative prices, ie paid someone to take the surplus even though they didn't really want it.

I was mistaken. It wasn't Lawrence O'Donnell's show. It was Ari Melber's show and the person I was referring to is Nobel Prize winning economist Paul Krugman.

Then he needs to revise his basics regarding commoditiy futures trading.

 

[Jimmy Higgins]

Can we send a special ICE team with Bogino and Mullins? Let all those bastards take each other out.

The Trump Admin sends the toughest, bestest, most manly men to save America and defeat Iran.

Mullins, Hegseth, RFK Jr, Kid Rock, the A-Hole Team.

 

[ideologyhunter]

Those are the only warriors we got who can mutilatize Iran.

 

[Don2 (Don1 Revised)]

They'll all go wearing jeans and no shirts like RFK Jr to get the uranium. Sounds good to me.

 

[barbos]

So, looks like Trump is chickening out. At least for now.
I wonder what is the longer term damage is going to be from this little excursion.

 

[Jimmy Higgins]

Trump went on TV to say nothing new?