RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:API Inventory:Yeah VV your personal feelings about the Ukraine and what you think should happen there is not necessarily the most likely scenario and just because you want it or suggest it does not mean that will happen or that it is in fact, most likely.
Ok so US producers won't shoot themselves in the head? Why did they do it last time? They over produced, exported all they could turned the USA energy independant and incurred enough debt to drive quite a few of themselves bankrupt to the point where they had to be bought out by bigger oil companies with deeper pockets. WTI went sub $60. I didn't dream it. It happened and they almost took all but the most resilient of Canadian oil producers down with them. Remember CJ trading at $2 bucks? Great for accumulating shares but not so good for debt. It took a post covid boom of $120 WTI to pay that debt down. Debt that is still not gone despite the margins and the supposed discipline of supposedly savvy management teams with more debt being added every day and the associated costs of that debt rising with it for what? Adding more production in the face of decreasing oil prices...sound familiar?
I do agree with you a Kamala presidency means higher oil prices which is better for CJ investors.
That has been my point all along. ;-)
GLTY and all