RE:RE:RE:RE:RE:RE:Oil alliance OPEC+ extends collective crude production cuts jleer42 wrote: HeavyBanana, I consider it an evaluation of the potential positives and the negatives. To each their own.
Jleer, I fully understand evaluating positive and negatives when making investment decisions. I was commenting on the fact that any time a positve development takes place, it seems there is always a potential negative scenario (that hasn't happened and when the specific one of wildfire did happen it was minimal in scope) thrown out to counter the positve development that did just happen.
I mean, it wasn't long ago that the Saudis were going to flood the market to counter US record production in a battle for market share. Famed oil analyst Paul Sankey was emphatic in saying the Saudis had to flood, it was the only way to put the US in check said he.
Well, the Saudis and OPEC plus have just put that bogeyman to rest for the duration of 24/25 so it seems your pointing out wildfire potential disruptions are your next go to until they're not, lol.