RE:RE:Delivery costsmasfortuna wrote: Captain71 wrote: Crude down below $80 today. I realize it takes time to filter down to fuel prices but this good news for companies like STC.
Might see a turnaround here soon with anticipation of lower delivery costs and maybe I'll get my positive net income earlier than forecasted.
GLTA
Hey Captain, I am an oil bull. I wouldn't bet on oil getting much cheaper. Seasonality is here until February wher energy rises. If $75 is as low as oil goes, then watch out in February-June period... So don't count on it.
Oil could get cheaper as well as other commodities with an inflated US $ and a global recession. I think a lot depends on China's economy and when they will forego their covid free policy.
The US dollar will only get stronger if we look out until mid 2023 and by that point we may already be faced with some job losses and decreased demand for oil. My thinking is the next bull run for oil could begin in the second half of 2023 in which case it will do really well.