As I said a few weeks back .......I remember saying a few weeks ago that one morning we would wake up and something will have happened overnight that starts oil (and energy stocks) moving back up . This escalation by Putin (calling up 300,000 more personal and threatening to annex southern Ukraine) is eerily similar to last Feb/Mar when oil first went over $100/b .
Putin is also casually talking nukes and WW3 and where does the US stand ? The US SPR has been drained down by half for Democrats popularity and now a true emergency could be staring them in the face , a scenario that the SPR was originally intended for . This scheme of Biden's to lower gas prices may well blow up in his face for his irresponsible use of that reserve .
We have now transitioned into the fall/autumn and my popcorn is ready , buckle up , it may be a turbulant ride . Make your move early because today should be rocket fuel powering energy stocks .