RE:RE:Demand destruction already started:BayStreetWolfTO wrote: Yes, I heard one commentator say we need to see some demand destruction to avoid a bad spike. His feeling was we see enough demand destruction to keep us in the $120-$130 range without spiking to $150.
I guess we will see. China is really only starting to ramp up...
I much prefer to sit $100-$120 than spike to $150-180...
spurwing2 wrote: https://finance.yahoo.com/news/gas-prices-demand-destruction-already-started-says-strategist-195433877.html
120 would be a perfect sweet spot for a couple of years. Probably wouldn't cause any considerable demand destruction but the story on gas high because of lack of investment will continue to get told. Hopefully we see the wokeism and the lefties shrivel away. 120 from here thru to your June 30, 2023 date would be superb. No debt. 1.3B or so in fcf. 500M float. A buck+ a share in dividends implemented. It's all good