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u/Tight-Stop-2379

r/CrudeOil r/oil
ADNOC Cuts Murban Crude Price to $101.48 as Hormuz Tensions Ease
▲ 7 r/CrudeOil+1 crossposts

ADNOC Cuts Murban Crude Price to $101.48 as Hormuz Tensions Ease

Am I crazy or going insane?

Murban Crude August constract on oilprice.com is 67.

The price paid for July is 101 according to ADNOC.

While hormuz is half open, it is difficult to comprehend the level of complacency.

I didn't bet on oil futures since the volatility was hard to stomach. Instead, I bet on biofuel types which the US govenment simply made companies to use more of it anyway. EU and South Asia shortage would be plus, at least that was the thought process.

Despite kinda knowing it... This is just blowing my mind.

Am I missing something?

https://oilprice.com/Latest-Energy-News/World-News/ADNOC-Cuts-Murban-Crude-Price-to-10148-as-Hormuz-Tensions-Ease.html

u/Tight-Stop-2379 — 11 days ago
▲ 4 r/oil

Humans as Renewable, AI as Fossil Fuel when resources have their limits

When I see how a human performs, one's performance is quite unpredictable. There are many conditions that needs to be met for quality. AI is like fossil fuel, one produces outcome with relative consistency as long as the prompt is done in certain manner.

Resources are limted.

When AI is used, it eats them constantly. Humans adjust to the environment.

Commodity supercycle is absolutely gonna happen. It won't be too different for oil in the long term, though minerals are probably easier to pinpoint to.

reddit.com
u/Tight-Stop-2379 — 11 days ago