> S&P 500, Nasdaq, Dow climbs 900 points as Iran says Strait of Hormuz 'completely open'. Crude down 12%. VP Spiro S/F/O!

Trump turns everything he touches into either shyt or a rape accusation

Spiro will be fine, cashing bloated special dividend checks in both Q2 and Q3.  Even if shipping restarts today it’ll takes weeks to unfuq the logjam and months for the global tanker fleet to catch up with the backlog and spot prices have barely dropped.

There was also this bit of good news for my Canadian producers:

“ Trans Mountain has launched a binding open season seeking more firm transportation (FT) contracts ahead of a phased expansion of the Pacific export pipeline. The open season comes amid higher oil prices tied to Middle East conflict and growing oil production in Western Canada.

The open season will run through June 2 for capacity between Edmonton and delivery points in British Columbia. Trans Mountain aims to lock in FT contracts covering ~80–90% of the system’s current 890 Mb/d of capacity. Following the close, the company anticipates filing an application with the Canadian Energy Regulator (CER) in 3Q26.

The open season precedes a broader expansion planned in two stages: a drag-reducing agent (DRA) project targeted for service in 2027, followed by infrastructure expansions, including ~30 km (19 miles) of 36-inch pipe between Darfield and McLure, BC, plus 11 new pump stations across Alberta and British Columbia. The two-staged expansion will add ~300 Mb/d by YE28, taking total system capacity to ~1.19 MMb/d.”


More direct export to the better paying Asian markets, totally bypassing the unfriendly U.S.

Tom Leykis wrote:

It's what he does as he has no way of making a living, and is proud of it.   Lenin called them "useful idiots", and killed them when their usefulness was over.

These facts are why the San Francisco Medical Examiner upgraded their vehicles from carrying ONE customer per trip, to now carrying 6.