RE:RE:RE:RE:RE:RE:Enjoy all VET believers. my tag line is '$100 oil by Xmas' (2021)
mnztr wrote:
Its hard to steel yourself when the news is manipulated. When China released oil from its strategic stockpile, somehow it was spun as bearish. To me that was a FLASHING RED WARNING that oil was really tight. We have lost almost a whole year of E&D, and it has not REMOTELY ramped up to where it need to be as raising capital is hard in the current global warming panic. This is only gonna make the spike much, much steeper. The lack of shale oil dev, will also make NG much tighter in the Americas. People think the oil spike is here, not even close. I said oil >100 before, now I am thinking 150.