When are we going to admit there is overt price suppression? And what are we going to do when we find out it was due to MSTR not demanding their bitcoin be fully reserved by their custodians?
XRP is the CBDC
nostr:npub12rze589jx0gg6kslkjfl2gxxkhtlw73t5shyve5qrglrv6c2qflqejj7ns nostr:note1jgtrd2g8qvnxe5nmdvf2erayqrelkgjfvywped9zqk0ccqntkmksnszllc
There was a nostr post saying KSA was very much against the USA/Gaza news.
If they don’t like the Gaza announcement, Saudi Arabia should ape into bitcoin. A cool $100B purchase with an announcement of a $50B/mo DCA for the next year or until the USA adjusts course.
It is a natural gas asset with crummy profitability in a complicated part of the world. It’s not the reason anything is happening…things were happening in this conflict way before they discovered Leviathan Field.
Let’s focus the attention on those things. The natural gas story is mostly incidental…
**Undiscovered
**Mean field size
**Subsalt (difficult to image)
**Offshore (expensive to develop)
**hot climate (no domestic market for gas)
**”small” individual reservoirs (no way to aggregate economically to justify export infrastructure)
It’s small, biogenic methane in a hot part of the world. There is nothing exciting - volume nor profit - about these resources.
You can say whatever…the natural gas story isn’t really relevant other than it’s Israel bullying Gaza from having claim to a crummy asset with no clear way to monetize.
Nah … Gaza can’t afford the price of natural gas to pay for the cost of developing the resource and building a power plant to turn it into electricity.
I’m pretty familiar with this.
To keep the Palestinians from having contractual legitimacy with a global contractor.
1 TCF is not very big at all. The US has a lot more than 700 TCF. Also the Mediterranean gas is offshore and so expensive to develop and it is biogenic so it is completely dry methane (no NGLs which are usually valuable). Natural gas resources are not a part of this conflict.
I’m the exact opposite. Takes all kinds. You’ve impacted more people, though.
I believe diminishing returns is the narrative that is disproven this cycle. Corporate, institutional investor, and nation state adoption is a whole different time of capital allocation level and investment duration vs. retail. Whenever the supply shock comes, it should be dramatic.