RE:RE:RE:Things to consider about energy stocks SP'sOil price has pulled back some but SP strength in oil stocks will come from ;;;; lower priced hedges timing out , SPR releases ending this fall , Europe switching to oil to replace Nat Gas , China will have to increase their GDP , revelations of demand greater than the cooked stats now being released ., Russia sanctions effective 5 Dec 22 and 5 Feb 23 will be a shock, Iran may come online and their discount oil will end as they will get OPEC price , OPEC will cut supply if required to keep oil price at sellers desired range ..
The above and other bullish factors can easily sent the oil price back up 30 $ again ...
OPEC can manage the floor in the price of oil by cutting supply but is limited in managing a ceiling as world max output is practically upon us . If the price goes ballistic only the market can dictate the top ..