RE:RE:RE:RE:RE:RE:RE:oil stocks not participating in oil's rally yet again!!It looks like OPEC/SA is caught between a rock and hard place.
Yeah they can control the price of oil but not the volume.
If they open the taps they sell twice as much at half the price.
If they close the taps (fiscally impossible for them btw) they double the price but sell nothing.
They have become addicted to the profits the same way the west has become addicted to oil.
The problem is they aren't the only supplier anymore and they ony have so much control.
GLTA
downwithdotcom1 wrote: Putin threatening nuclear, 2nd war is now in progress in Lebanon, greek oil tanker free burning as a result of another Houti drone strike and the world is at multi decade wordwide physical oil inventory lows, interest rate cutting in Can, USA and now China...just what is it do you need more to keep oil @ $75??? fundamentals being completely ignored by those criminal "shotcallers" and their AI supported computer trading programs to get us where we are today...when will this end??? US elections maybe??? Punishing Russia or Iran in the pocket book?? Who remembers a couple of years ago when the Saudis warned about "un-natural forces" impacting oil prices and that they would "pay a dear price for their treachery" ...Everything else has gone up so why not oil?? Oil market stability for even the cheapest places to produce ie middle east fior budgets is supposed to be around $80...somebody's sure making that not happen...point is why??? How long before SA or OPEC follow thru on their ultimate and very painfull weapon and either OPEN THE THE TAPS FULLY or TURN THE TAPS OFF FULLY ?? thoughts?? dwdc