RE:Point to ponderI highly doubt that the Dems will replace so much as 1 barrel back into the spr. They have no money, they also know that it would add to inflation, they also know high gas prices are bad for elections. Elections are the only thing Dems(liberals) care about. I predict that they will continue to drain the spr regardless of what it does to their security, and the media will stand by and just let it happen, so sad. Hope I am wrong though.
Stalkhouse wrote: The US will eventually need to refill the SPR(which is still being bled down into June to buffer prices). Putin and the like are well aware of things and the US will have to ensure their SPR can support their neefs in these uncertain times. They "want" to wait until pricing hits the 65-72 ish range before they start and they need about 250 mill barrels to get back to pre 2021 numbers for the SPR. This could play out two ways IMO....oil keeps going up and the US is forced to buy at higher levels(supporting higher oil pricing) or oil does move downward to their preferred range but then is propped up as they refill their reserves. Either way, regardless of demand in the world(which i believe will already dictate higher oil pricing moving forward) I don't see oil falling below the $65 range for some time and BTE is raking it in even at the $65 mark.....now, how long do you think it'll take to replace 250 mill barrels...not overnight thats for sure. BTE is well positioned to be a solid long term investment so bashers...instead of grinding for pennies posting nonsense that has nil impact to the SP, how about you take ur ADHD meds so the voices stop telling you to chase pennies, you buy a chunk of shares to hold and go chillax on a beach for a few months or at least vacate your moms basement. Just my .02...bring on the mindless retorts, I do enjoy a good chuckle :-)