Erik Townsend 🛢️, Discover and Read the Best of Twitter Threads by @ErikSTownsend

Erik Townsend 🛢️

ErikSTownsend

1/ THREADI'm about to block 100+ people and thought I should first explain why.I'll start by retweeting someone I do NOT intend to block. This is a good example of

1/THREAD: EXACTLY *WHO* GOT SQUEEZED YESTERDAY?Goldman says it was retail futs accounts that got caught long and wrong yesterday, causing the epic -$40 print on $CL_K. I call bullshit. This

1/THREAD: EASTER OPEC+ CUT DEBUNKEDOk, it's official. OPEC+ has agreed to a 9.7mm bbl production cut. This thread will debunk the nonsensical reporting from the Financial Flintstones (cable networks) and

1/THREAD: THE V-SHAPED CRUDE DEMAND RECOVERY FANTASYI'm baffled by the popularity of this GS chart anticipating crude oil demand to recover just as quickly as it collapsed.Almost everyone seems to

1/THREAD: WHEN WAS IT CLEAR?Feb. 8, 2020: The purpose of this thread is to document and timestamp when it first became clear that nCov was likely to lead to a

1/THREAD: Ok MAYBE THIS "CUT" NARRATIVE HAS FARTHER TO RUN...Having been outspoken on why I didn't think a big KSA/Russia production cut would ever happen, I'm going to take the

1/THREAD: IS YOUR CHEST BURNING?Something is going on all over the world. It may or may not relate to #COVID19. It has to do with a BURNING SENSATION and TIGHTNESS

1/THREAD: WHY OPEC+ CUTS ARE IRRELEVANT AND MARKET OBSESSION WITH THEM IS IRRATIONALProduction cuts are only effective and meaningful when they achieve a balance between supply and demand.When this balance