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Any of the econ experts want to chime in on the above? Why would Bolton's dismissal/resignation lead to a sudden drop in oil like that? Considering Bolton's penchant for war (especially in the ME) wouldn't oil stay stable (or go up) if he left as the odds of war/military action drops? 

 

Or is that not the wager they're making? 

Just now, 3rdnlng said:

Look closer at that graph. It dropped about 2% from the day's high but not the day's start.

 

100% :beer: 

 

I was just surprised it went down at all rather than going the other way considering Bolton's news triggered it. 

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5 minutes ago, Deranged Rhino said:

Any of the econ experts want to chime in on the above? Why would Bolton's dismissal/resignation lead to a sudden drop in oil like that? Considering Bolton's penchant for war (especially in the ME) wouldn't oil stay stable (or go up) if he left as the odds of war/military action drops? 

 

Or is that not the wager they're making? 

 

100% :beer: 

 

I was just surprised it went down at all rather than going the other way considering Bolton's news triggered it. 

You've got it wrong. When tensions rise the price of oil will rise with the idea that tensions may cause interruptions to supply.

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2 minutes ago, Deranged Rhino said:

Any of the econ experts want to chime in on the above? Why would Bolton's dismissal/resignation lead to a sudden drop in oil like that? Considering Bolton's penchant for war (especially in the ME) wouldn't oil stay stable (or go up) if he left as the odds of war/military action drops? 

 

Or is that not the wager they're making? 

 

100% :beer: 

 

I was just surprised it went down at all rather than going the other way considering Bolton's news triggered it. 

 

My take is that Bolton's departure is a possible signal of more stability to come in the region. It's the instability of the region that leads to oil price explosion fears. The more stable, the less variable the supply (not accounting for OPEC decisions).

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15 minutes ago, Deranged Rhino said:

Any of the econ experts want to chime in on the above? Why would Bolton's dismissal/resignation lead to a sudden drop in oil like that? Considering Bolton's penchant for war (especially in the ME) wouldn't oil stay stable (or go up) if he left as the odds of war/military action drops? 

 

Or is that not the wager they're making? 

 

100% :beer: 

 

I was just surprised it went down at all rather than going the other way considering Bolton's news triggered it. 

 

War increases risk.  Risk increases price.

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Trump Flirts With $15 Billion Bailout for Iran, Sources Say

Trump says he hates the Obama-era nuclear deal with Iran. But he’s toying with a French proposal to get the Iranians to comply with it: a $15 billion line of credit to Tehran.

Published 09.11.19 

ERIN BANCO,

 

 

lol, pallets of money anyone? ? He might pay them to get back into the Obama deal, oh boy, that's rich! 

 

Please God make this happen! 

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4 minutes ago, Tiberius said:

Trump Flirts With $15 Billion Bailout for Iran, Sources Say

Trump says he hates the Obama-era nuclear deal with Iran. But he’s toying with a French proposal to get the Iranians to comply with it: a $15 billion line of credit to Tehran.

Published 09.11.19 

ERIN BANCO,

 

 

lol, pallets of money anyone? ? He might pay them to get back into the Obama deal, oh boy, that's rich! 

 

Please God make this happen! 

 

I'd be shocked if Trump went for that without significant revisions to the agreement such as longer/lower enrichment levels and a variety of peace related commitments. 

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16 minutes ago, keepthefaith said:

 

I'd be shocked if Trump went for that without significant revisions to the agreement such as longer/lower enrichment levels and a variety of peace related commitments. 

We know why Bolton resigned now. So this looks serious. 

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https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKBN1VZ0C9

 

Reuters reported on July 31 that Hamza had been killed, citing a U.S. official with knowledge of the matter. But Saturday's statement represents the first time the U.S. government has confirmed the operation.”

 

Trump Confirms Osama Bin Laden’s Son Is Dead

 

"Hamza bin Ladin, the high-ranking al-Qa'ida member and son of Usama bin Ladin, was killed in a United States counter-terrorism operation in the Afghanistan/Pakistan region,” Trump said in a statement”

Edited by Hedge
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