Post by
Clemxb7 on Jun 17, 2022 11:03am
WOW Full on panic.
When Biden (and SFB's) badmouths oil they are just misdirecting. EXON is raking in the money right now however they lost $20 billion in 2020. All the time they were losing money they kept investing. If they do impose a tax it would be really anti-west and anti-cpaitalism. It would also do more harm than good.
The oil sands could grow a lot though Biden and SFB's won't let it. You need pipelines.
I just sold some common and bought some leaps Jan 2024. I never thought we would see $44 again. I didn't go all in because this is crazy. Still we should bounce from $44.
This week’s oil report was actually quite bullish. SPR is releasing 1.1 million barrels a day. They can’t keep that up. Imports were way up too. Cushing is near record lows.
So the plan is to crash the economy so that oil comes down where the economy will start to expand and oil will go back up? You’re in the same place you were to begin with?
Why are fools in charge of everything?
Comment by
Chad123 on Jun 17, 2022 12:11pm
Yup, that is the plan. When the Fed said they will do everything to fight inflation, that is what they meant. Even bring the economy to recession. But don't worry. With the election coming up at year end, they will stop raising rates....maybe even go back to QE. Monkeys could have done a better job in the US and Canada.