RE:OIL shorters are working overtimeSadieLadyCO wrote: Cant Wait for somthing to happen...Oil fields in Saud attack, Russia openly cuts off Europe, Hurricanes in the Alantic, Covid restriction lifted in China, US openly states they dont see any signs of a recession.
OIL reserves are lower. OPEC cuts back....They want $100 oil.
Maybe my conspiracy theory in me coming out but, whenever oil looks like it's on an upward trajectory, China lockdown headlines start appearing.
The west seems on the ropes by begging for oil even from sanctioned countries. I have also wondered if an unexpected event would occur as a result such as attacks on infrastructure in a major producing country such as the Sept 2019 attacks that occurred Saudi Arabia.
As a side note, I was doing backflips this morning that we were up .02/share today. But during this writing we are now down .16/share. I think more options should be written for such a stellar performance. :) Lol