The Cruelty of RealityAnd just as the oil bears were ready to crack open the champagnes and get the party going, word came from the ME that OPEC+were ready for another cut in oil supply. Wonder the Mclowns which way are headed, up or down the hills. Whichever way they are doomed; REALITY IS NOT UNFOLDING AS IT SHOULd and the 50 dollars oil will remain a dream. Biden's dream of 60 dollars oil seems also elusive and the refill of the SPR will be footed by the taxpayers at much much higher prices than originally thought by the"experts". I have a gut feeling these people will fatten my bank account. Cheers folks.
6; oil defies gravity even with the Chinese almost out of the picture; imagine them coming back what will happen to oil demand and the price.