RE:At The Rate CPG Is Falling Could See Under $8.00 Totally agree !! Oil is 100 plus percent over the price needed to cover cap ex and divvy.
So today the big boys got some great deals from those who panicked.
Until , Russia is no longer being sanctioned , and there looking at some forgiveness , Europe needs a new supplier , and what is not being considered is who or What
country are the super Tankers that carry oil registered.
Because , as much as a re-shuffle can help Russia find a place for ifs oil , the tankers can't all be from Russia friendly countries , and therefore , sanctions will affect massively there ability to move oil to China or others.
Just a thought , I could be wrong.
but there truly will be a period where there is massive under supply , interest hIke's , inflation or not.
Oil in my opinion has support For now.
C