EXCEPT US NO ONE IS MAKING THE INVESTMENTS NEEDED, AS NO ONE IS SURE HOW LONG THE OIL DEMAND WILL LAST.... ALREADY IN ABOUT TWO-THIRDS OF THE WORLD, SOLAR IS COMPETITIVE TO POWER FROM NATURAL GAS... AND PRICES COMING DOWN CONTINUOUSLY...UNLESS A FUSION NUKE POWER IS INVENTED...OIL DEMAND WOULD CONTINUE... NATURAL TENDENCY IS FOR THE PRICE TO GO UP
I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 128k in a short period of time .This comment serves as motivation for all those who have invested and continue to invest in cryptocurrencies with so many losses, do not give up, cryptocurrencies can change your life. Do your best to connect with the right people and you will surely see changes.
The investing side is concerned because US Production gets exported. Those economies are struggling. US Refining depends on imported heavy crude from Mexico, Canada mostly.
Short squeeze will aid the rise
Goldman said the same thing last year and were dead wrong. This year most likely. Devon Energy is dirt cheap.
China is slowly raising their "import" quotas again. It's a start. Just raised it again recently. Not by much though.
Regards -
Yes Devon is dirt cheap. And why is it dirt cheap, did we miss something?
Correct
Its all those darn EVs keeping oil down. They dont even realize how fun it is to make a huge cloud of smoke as you shift into first gear!!
So Drill Baby Drill from Trump is not in the cards now? I'm expecting lower fuel prices and thus, lower stock prices for these companies.
......... Correct. Never was a forward moving plan. Just campaign talking points.Though, oil will not hit $100.00 during his "final" term.
Regards -
Re: Drill Baby Drill
That would destroy the US producers.
Regards -
@@MarkJensen-se8nn , "Final" term - Yea I know.
Shameless marketing segment
EXCEPT US NO ONE IS MAKING THE INVESTMENTS NEEDED, AS NO ONE IS SURE HOW LONG THE OIL DEMAND WILL LAST.... ALREADY IN ABOUT TWO-THIRDS OF THE WORLD, SOLAR IS COMPETITIVE TO POWER FROM NATURAL GAS... AND PRICES COMING DOWN CONTINUOUSLY...UNLESS A FUSION NUKE POWER IS INVENTED...OIL DEMAND WOULD CONTINUE... NATURAL TENDENCY IS FOR THE PRICE TO GO UP
Heads up, Goldman has some oil ETF positions they want to dump on your ass
when oil price does up, everyone is bearish, now everyone thinks its bullish because its upp.loll!
I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 128k in a short period of time .This comment serves as motivation for all those who have invested and continue to invest in cryptocurrencies with so many losses, do not give up, cryptocurrencies can change your life. Do your best to connect with the right people and you will surely see changes.
The investing side is concerned because US Production gets exported. Those economies are struggling. US Refining depends on imported heavy crude from Mexico, Canada mostly.