Current Affairs Ukraine

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Extreme discount? 🤣

A quick check suggests the discount is about $14 a barrel relative to Brent crude at the moment, which is a lot by historical standards. Russian oil is of relatively low quality, but the usual spread relative to Brent is a few bucks a barrel. It's fair to call it 'huge' or 'extreme' in context.

What is this naval war of which you speak?
China is building ships like mad. They want Taiwan back, but the Seventh Fleet is in the way. Put enough ships in play, and the US Navy has little choice but to capitulate rather than fight. It's that or end up in Davy Jones's locker, which isn't much of a choice.
 
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