Post by
geezer21 on May 05, 2022 1:55pm
Oil and Gas Supply Deficit
The oil and gas supply deficit is greater than what demand destruction can counter act. Expect oil and gas prices to keep rising.
The available pool of oil to meet demand is declining with taking Russian oil off the market, with oil production declining, with OPEC unable to achieve the increase in production they said would deliver over 6 months ago, and with Biden buying oil back to restock strategic reserves.
Hang on to your shares.
Comment by
pacer001 on May 05, 2022 3:03pm
Agree, geezer21. I can't believe the Biden administration wlll be replenishing the oil they are now drawing down with more expensive oil in the future thus driving up the price then!j
Comment by
BebeRebozo on May 05, 2022 3:12pm
You can't believe it? Have you never seen Democrats running a government before?? BEBE
Comment by
pacer001 on May 05, 2022 3:41pm
Yup I remember the clueless Carter Adminisration well: interest rates at 20 %, gold soaring, silver at $50 per ounce, food and gas shortages,etc. etc. I fear that we are on the same path.