Re:re: Americans willing to pay more for oilLoL this made me spit mine out to. First off they nothing for fuel just ask the Iraqies. Second Putin worth billions and if you think banning oil there is hurting a multi billionaire your head is on backwards. The only people being hurt here is the same ones and always the usual suspects. Sanctions are in place to drive prices for the masses get this straight. And money printing alone doesn't create inflation it's the velocity of the fiat currency itself. I believe Biden banned Canadian oil as well by turfing the keystone " hello " so imho everything we are seeing since 2015 is by a well laid out affair now this is a hands down ! I don't care how high or low things go. The way way I see things is that this will end very bad starting end Q2 so don't look for life lines. These exponential spikes will cause a recession maybe even a depression. Unsustainable IMHO. Time to buy was negative oil. Time to not buy is when your seeing the things we call madness ! Happy trading and Selling but I don't buy the backdrop currently and clearly being orchestrated period.
jmho as always