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Icetoad 🍕 🎩 🐈
@icetoad.eth
In terms of economics, we are going to see oil shoot up to around $120/barrel if/when Iran attempts to close the Strait of Hormuz. If you have a large vehicle then you may want to keep the tank topped up....
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@BestCryptoTwits
@bestcryptotwits
nope. wont blow past $90 until 2026 bro
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Icetoad 🍕 🎩 🐈
@icetoad.eth
If those constrain the flow of oil through the straight we will blow well past 90
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@BestCryptoTwits
@bestcryptotwits
nah fam, doubt
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Icetoad 🍕 🎩 🐈
@icetoad.eth
Well, every economist is saying $100+
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@BestCryptoTwits
@bestcryptotwits
you believe economists lmaooooo economists have no clue how much petroleum Iran, Iraq, Lebanon, Saudi and Dubai are gonna unleash on to the market when they scramble for arms budgets they are left in the dark on purpose
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Icetoad 🍕 🎩 🐈
@icetoad.eth
Also, Iraq and Saudi Arabia are essentially protected by the USA, so they don't need arms budgets. Lebanon isn't a significant producer of oil. Dubai isn't a country.
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@BestCryptoTwits
@bestcryptotwits
so oil will range between $70 and $90 all year, mhm some things never change
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Icetoad 🍕 🎩 🐈
@icetoad.eth
I'll bet you 100 $USDC that it goes over $90 by the end of 2025. Deal?
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@BestCryptoTwits
@bestcryptotwits
Hahahaha i dont have any USDC, ill go for $1
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Icetoad 🍕 🎩 🐈
@icetoad.eth
I don't want your dollar. I will just point at you and say I told you so when it happens.
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