Fundamentals Ok, let's play that game. 1 million barrels per day and 180 million barrels total. Biden expects gas to drop 35 cents per gallon. The wash of supply will snuff out the demand and keep oil prices well below $100. Who would have that during a war we might breeches $5 again. Sadly, it's going to happen. I expect more pain tomorrow based on fundamentals. The SPR is drowning the oil price. I can't honestly believe anyone on this Board feels comfortable after Biden basically called his shot to turf the oil price. Highly doubtful we stay above $5 here and others will be correct in their predictions of buying in below $5. I can't recall his name but a big energy guru believes the SPR release will bring down gas prices and keep oil below $100 now indefinitely.
War couldn't keep oil above $100, nothing will
now. BOTOX keeps failing the eye test and sniff test. It was fun while it lasted but all the double digit talk has gone dry.