Posts by gwentlarry@mastodon.social
 (DIR) Post #B4DhE4ikpgIF2ugbNg by gwentlarry@mastodon.social
       2026-03-13T16:16:59Z
       
       0 likes, 0 repeats
       
       @Nonilex The jump in oil prices is speculation and profiteering.20% of the world's oil and LNG passes through the straits of Hormuz. That means 80% doesn't …It takes 10-14 days for a tanker to travel from the Gulf to Europe or N America plus unloading plus, possibly, refining.The oil and LNG that's been sold in the last 2 weeks either didn't originate in the Gulf, was in storage tanks in Europe or N America or was in tankers already past the straits of Hormuz and in the Indian ocean.