RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:API Inventory:What is the most likely scenario is a negotiated deal where the Russians would keep parts of Eastern Ukraine not all of it but who knows what will actually be the case. Beside who wants to take over all of Ukraine when they are one of the most corrupt countries in the world, that is going to need aid that appears to be somewhere near indefinitely.
So what you are saying is that, assuming a current price of $80 oil, US producers are going to drill baby drill and blindly drive prices to sub $60? What would be their profit margins at that price and what would happen to the share price and/or dividends? Would shareholders be pissed and would the market sell off big time? That is why US producers won't shoot themselves in the head despite what Trump says as they are quite guarded after a Biden admin tried to funk with them.
We can agree on one thing and that is a Kamala presidency will be higher oil prices which is good for CJ investors but that may be one of the few benefits as all other indicators will be funked up.