Anthony Pompliano

I think this was the week that people realize that this isn't going away like it did last year in two parts.

One is again,

market's not throwing up it's just kind of going through this deleveraging phase where everyone's raising cash but they're getting rid of their market neutral positions and they're gradually taking things down and two this isn't going away quickly in terms of oil prices this will be the fourth week in a row where we're closing above ninety dollars and everyone's done with taco everyone's had enough of they know the drill

Friday, I threatened to do X. Monday comes before the open.

You know what?

We're going to extend it for five days.

We're going to extend it for two weeks.

I think people now are focused on the probabilities of boots on the ground and the probabilities of when is the straight going to open.

And none of those at this point are looking like good outcomes.

Well, the straight is the realization from people that they've now done their homework and they realize that even if magically it was open, it's still going to take a long time to get the back to where it was, where it considered to be truly open.

It just means that the shortages that we're starting to see around the world are

They're going to be here.

And these are real shortages.

This is COVID like problems.

And I think this is the scarier thing to me is most people in the US because they don't feel it and they don't see it.

I mean, they're out of diesel and gas in places like Australia and places like New Zealand.

Now, not completely.

But there's websites that show how many days left of inventory they have.

When China put up the ban on exports of refined products, this was weeks ago.

That was a warning sign.