Oil stocks breakaway from fear mongering the naiveWho cares where Oil
might be in 50yrs or that electric cars are coming decades away, steam engines started in the 1700's into 1900's before being replaced and regardless of what a naive reporter says it's going to take over 50yrs and 256 Nuclear plants being built in the US before this comes close to reality and count on protesters acting over building Nuclear plants in your back yard. where will all this plastic come from to build these cars and everything else that uses Oil as an evil necessity and how many years of Oil is left on this planet, some say 50yrs so do you really think a commodity like Oil will be worth pennies as supply runs out in a current world where demand is growing all the time even with China and the US current conditions no one speaks of India or other parts of the world continuing to increase vehicle purchases or Oil demand. I won't be around in 50yrs but who's foolish enough to think that hydro will be cheaper once all these EV are on the road it'll be the hydro companies gouging you instead, NY, Chicago, and LA, amongst others already have rolling blackouts when everyone turns their AC on so how the heck will EV find all this power and who wants to sit around for hours away from homes waiting for their cars to charge. but the next 5yrs will see higher Oil and that will become evident when the masses aren't ready for EV in a world that likes gas and go with no limits to driving other than 5 minutes to fill your tank. I think all this fear-mongering from Oil to EV will not keep Oil from trading higher in the next 5yrs and that should be the focus of reality the media's only purpose is to control everyone's thoughts and perceptions and what makes it worse is a FED that has no clue with Investors listening to people who haven't even been on this planet for 40yrs voicing their lack of experience as gospel. I'm still waiting for a gallon of gas to go back to $0.30 what I remember and inflation is the way of the world so the US wanting to hit 2% really isn't necessary where we'll do just fine with 3-4% inflation so they could change when we get lower and interest rates could be reduced as fast as they have been applied plus we're over a year into these rates dropping from 9.1% inflation to 4% and still the US engine is strong. If the FED didn't clown around with .25% hikes and went right to 3% adding to that early on we would be at -3% inflation by now but they don't have a clue and having the FED saying that more increases could come by years end shows that they still have no clue but over time we will see inflation dropping from now. I'm bullish on Oil and we all know that these Oil plays have been dealing with lower Oil this Quarter but the SP has been beaten down as if Oil was at $50 not justifiable in my eyes. Don't be feared into thinking the worse it's all smoke. What if something unseen drastic changes EV into not being realistic? once California is all electric San Andreas will dump them in the Pacific.
Here's an old saying that I heard many decades ago..
On top of a hill, there's a father bull and his son looking down at a heard of cows when the youngest said, "Hey dad, why don't we run down the hill and screw one" when the father said, "No son, let's walk down and screw them all.
Today's investors are in such a hurry to sell cheap and lose money over being patient and making money and today's SP gains are a joke! should have gained 10 fold. CPG, BTE, and ATH are gems covered over with media BS.
US Inflation Rate 