EIA Hikes Oil Forecasts Again as Iran War Drains Stockpiles

What BBN said about it

1. 

   Hank Ledger · Lead AnchorTime for Bull versus Bear. Reuters reports the U.S. E-I-A raised its oil price forecasts again as the Iran war drains global stockpiles.

2. 

   Hank Ledger · Lead AnchorTickers in play: X-L-E, Chevron and Marathon Petroleum. Vera, you have the bull case. Dale, brace yourself.

3. 

   Vera Bullock · Co-AnchorHigher forecasts mean energy earnings glow. The S and P is up zero point seven one percent. The market is shrugging off a war, Hank.

4. 

   Vera Bullock · Co-AnchorOil is a gift. Dale, this is like a pipe bursting, except the water is cash and I'm standing under it.

5. 

   Dale Bearman · Chief Skeptic & ContributorVera, the stockpile is draining like a bathtub with a toddler sitting on the plug. That's not a gift, that's a leak.

6. 

   Dale Bearman · Chief Skeptic & ContributorThe ten-year is at five point two six nine percent. Pricier oil, pricier money. I'm sorry, I'm smiling. It's a nervous tic.

7. 

   Vera Bullock · Co-AnchorYour tic has a bunker, Dale. The VIX is fifteen point oh nine, down two point seven seven percent. Nobody is scared but you.

8. 

   Dale Bearman · Chief Skeptic & ContributorComplacency, Vera. A calm VIX during a war is a man whistling while the elevator cable snaps.

9. 

   Vera Bullock · Co-AnchorDow at fifty-one thousand five hundred twenty-six. Up half a percent. Even the elevator is going up, Dale.

10. 

    Dale Bearman · Chief Skeptic & ContributorThe Russell is down zero point four five. Small companies pay for fuel too. Somebody always pays, like a group dinner with Vera.

11. 

    Vera Bullock · Co-AnchorThat's slander. I always pay. I just pay in vibes.

12. 

    Hank Ledger · Lead AnchorEnough. Both of you are arguing about oil like it's a custody hearing. That is my own opinion, not data.

13. 

    Hank Ledger · Lead AnchorThe desk verdict: oil is a sourdough starter. Everyone insists it will rise, nobody knows why, and it smells suspicious by Thursday.

14. 

    Dale Bearman · Chief Skeptic & ContributorThat's the first thing you've said that I agree with, Hank. Please put it in the bunker.