... something.
Paper Oil Blinks While Physical Supply Tightens.
So do military paper tigers of economy of derivatives and financial legerdemain. Again, what is "market", anybody believes this BS anymore?
- Oil market volatility is easing as traders adjust to geopolitical headlines, though prices still spike on major developments like failed U.S.–Iran talks and the Hormuz blockade.
- Despite calmer futures trading, the physical oil market remains extremely tight, with up to 10 million bpd trapped and spot prices surging far above futures.
- Ongoing blockades and supply disruptions are prolonging the crisis, pushing energy prices higher and delaying any meaningful market normalization.
The way economic system exists today it is unworkable due to both systemic crisis of the financial capitalism (euphemism for 21st century imperialism) and a financial "noise" of derivatives which have nothing to do with actual economy which provides livelihood for humanity. It is utterly broken and is unfixable. Just one example, the Speaker of Czech Parliament Tomio Okamura (he has Japanese roots):
The gist: without Russian resources we (Czechia) wouldn't be able to turn on lights, be that gas, oil or nuclear fuel for NPP in Dukovany. You see, reality is a bitch--in REAL war, in REAL economy, in REAL governance. Here is how it is reported in the news:
The leader of coalition party Freedom and Direct Democracy, Tomio Okamura, says one solution to high energy and fuel costs would be to take gas and oil from Russia. Speaking to TV Nova, Mr. Okamura – who is also speaker of the lower house – said this would allow Czechia to diversify its sources once again and to guarantee its energy security. This call has been rejected by members of the previous government, who ended Czech dependency on imports from Russia following its full-scale invasion of Ukraine. Ex-PM Petr Fiala called on current government head Andrej Babiš to disown talk of such “collaborationist” cooperation with Moscow.
No, no, no, Russia doesn't care if Czechs will have lights tomorrow or not, if they have enough to eat or not. It is too late to do anything about it. If Czechia (same as the rest of Europe) wants to maintain the standard of living somewhere around the level of 1960s--premiums for all those goodies from Russia could be made available if someone decides that staying warm in winter is more important than "democracy" and will prostrate itself in a front of Russia's energy giants, then maybe Russians will consider selling it all. If not--call Brussels and stay on the line, your call is very important to them.
