Fast around Manhattan. Proud owner of the Afroduck. Driving circles around Nürburgring in BMW M240i Cup in NLS & RCN with Adrenalin Motorsports. FIA Bronze 🥉
Nürburgring
Joined February 2009
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Adam retweeted
CCTV footage of Bugatti's chairman, Mate Rimac's personal Bugatti Chiron being stolen.
The car left Croatia, was driven through Slovenia and ended up in Austria where it eventually got recovered.
Adam retweeted
Is all crude - all the same? Nopes, below is an illustration that clearly explains why #Iran's crude and blends in particular is as sought after.. and for why it falls in the sweet spot.
- Medium Oil & High-Demand Use Cases: Iran is a main producer of medium oil (with an API gravity roughly between 20 and 40). This specific grade is highly valuable because its main use cases include the production of essential, high-demand transportation and industrial fuels like diesel, heating oil, kerosene, and gasoline.
- Light Oil & Petrochemicals: Iran also exports the Light oil category (API gravity roughly between 34 and 53). Light crude is easier and cheaper to refine into premium products like gasoline, petrochemicals, and oil diluents.
#IranWar #PersianGulf #OIL #OOTT
Tracing through three decades of #Venezuelan #OIL
The chart below illustrates Venezuela's average daily oil exports over nearly three decades. It highlights the transition from the high-capacity pre-Chávez peak in the late 1990s, through the nationalization of oil under #Chávez and early #Maduro eras, into the severe drop during the U.S. sanctions (2017–2022) where almost all oil exports where headed to China, and finally the recent 2026 export of oil to the U.S under the current illegal arrangement.
- Given the physical characteristics of heavy, sour Orinoco crude, which limits it for where it can be refined.
- Chevron's special licenses on U.S. Gulf Coast is one processing unit in the US.
Aug and Sep 2026 data show - a little over a million barrels of oil per day is being exported: US ~ 600K barrels and India + Europe also about ~ 600K barrels.
#OOTT
Adam retweeted
The oil industry has come out strongly against proposals to extend oil trading to 24/7, with lobbying and public letters to the CFTC urging it to block round-the-clock trading (and mentioning huge problems with margin calls as a key issue).
A couple of the letters below:
Adam retweeted
Senior Iranian Security Source: Trump Seeks To Return To Negotiations With Iran - Al Mayadeen
t.me/almayadeen/396052
Adam retweeted
Maritime traffic remains resilient
A total of 53 confirmed vessel crossings were recorded across the Strait of Hormuz and Bab el-Mandeb on 28 July, with 12 transits through Hormuz, an increase of 50% from the previous day, and 41 through Bab el-Mandeb, up 5%. Traffic through Hormuz remained highly concentrated, with 10 of 12 vessels using the Iranian Unilateral Scheme and none using the Hormuz Traffic Separation Scheme. In Bab el-Mandeb, the latest data identified 4 dark transits, 4 sanctioned vessel crossings and 8 shadow fleet movements, reinforcing that while commercial traffic continues, routing behaviour and vessel transparency remain the key indicators of operational, compliance and geopolitical risk.
Adam retweeted
Transit patterns diverge
#MarineTraffic data highlights diverging patterns across two of the world's most strategically important maritime chokepoints. Between 24 and 26 July, the Strait of Hormuz recorded 29 verified crossings, including 21 vessels exiting the Middle East Gulf and 8 entering. Routing remained evenly split, with 14 transits using the Iranian Unilateral Scheme, 14 classified as Route Undetermined, and one using the Hormuz Traffic Separation Scheme.
By comparison, Bab el-Mandeb recorded 100 verified crossings, with 51 vessels entering the Red Sea and 49 exiting. Ninety vessels followed the Traffic Separation Scheme, while 10 completed dark transits. Several vessels that had previously delayed or reversed course later completed their crossings, suggesting operators are continuing to assess risk dynamically rather than avoiding the route altogether.
Adam retweeted
Hormuz traffic falls as Bab el-Mandeb activity rises
Maritime activity remained uneven across the region’s key chokepoints on 23 July, with no new confirmed IMO attacks reported. According to #MarineTraffic data, traffic through the Strait of Hormuz fell to just six confirmed crossings, down 60% day-on-day. Five of the six vessels followed the Iranian Unilateral Scheme, highlighting the continued concentration of traffic along that route.
Meanwhile, Bab el-Mandeb recorded 49 confirmed crossings, including five sanctioned vessels, 11 shadow-fleet vessels and four dark transits. Several ships that had previously reversed course in the Gulf of Aden and Red Sea later completed their passages, while others remain on hold.
Adam retweeted
CME raises margins on Comex gold (again)
investinglive.com/commoditie…
Adam retweeted
If you’re wondering why asset prices are getting hit like gold down over 10% and silver down more than 30% in a day then listen to this Kevin Warsh clip.
He’s openly critical of QE and favors a tighter Fed balance sheet which means less liquidity across markets.
Adam retweeted
Watch Alex Honnold's 95-minute free solo climb of Taipei 101 in this motion-lapse recap, ending with an emotional embrace with his wife at the summit.
Adam retweeted
Gold miner Kinross going ahead with three organic growth projects in U.S. bnnbloomberg.ca/business/202…
Adam retweeted
The government can do anything to you—it had Tamara Lich sleep on a cold concrete floor in solitary confinement for four nights.
There’s this new religion called Reconciliation.
If you mindlessly follow it you get carrots…and if you don’t, you get sticks.
Adam retweeted
The BANK OF CANADA just said it out loud:
“Canadians must accept a lower standard of living.”
After a DECADE of Liberal madness
Third World Canada is HERE 🇨🇦💀
Hope that KID FREE LUNCH PROGRAM was worth it.
Adam retweeted
Japan Exchange Issues Warning on Gold, Platinum ETF Trading
jpx.co.jp/english/news/1030/…
Adam retweeted
NEW: Driver stops for gas in the middle of a high speed police chase and still manages to get away.
The individual was running from police after allegedly stealing a car.
The man was seen looking right into the camera of the police helicopter as he stopped to get some gas.
The suspect hit speeds of up to 100mph during the pursuit.
Eventually, the pursuit ended when the man ditched the car under a freeway overpass, out of sight of the chopper.
The driver was able to escape and is not in custody, according to ABC 7.
Insane.
