RE:U.S. Senate is now DEMOCRAT....bullish for OIL....I suggest that the only influence Biden has over the oil price is if he decided to ban fracking in the US which he's said he won't do. The oil price is almost entirely at the mercy of the Saudis and Ruskies who are always negotiating oil price truces but are always screwing each other anyway. When one or the other gets fed up they open the spiggot and oil crashes and then they pretend to negotiate another deal. The price of oil is the biggest contrivance on the planet.
Anyway, the price of oil like the price of gold is almost irrelevant when you are talking about a truly world class discovery and an asset with a life span of 50 + years or maybe 10 commodity cycles. Investors and the Major oil Co.s won't give a shite what the price of oil is if we announce a significant discovery and shareholders of RECO will be bought out long before we get into another upward or downward oil cycle.
The only thing retail needs to do is watch closely and the moment we know that a discovery has been confirmed you buy it until your nose bleeds. It's going to take everyone else some time to pull the trigger and first mover advantage goes to retail who can access the play and react accordingly.
It won't be long now so stay focused and GLTA.
Hiddensecrets wrote: Senate runoff was given to two Democrats which means that they now control the Senate, Congress and Presidency.
It is means peace around the world with BIDEN as he mends the fences and increases commerce.
It means a very bullish environment for oil as nations enjoy a time of prosperity and exchange.
A higher price for oil, means greater interest in our project from partners.
MPO