Post by
TheWokeLemming on Aug 03, 2022 4:15pm
So when does oil go up?
Here we are with a war, summer driving season, increased air traffic and tourism, OPEC+ cutbacks on production increases and a belief there will be a soft landing. Yet oil continues to tank. What exactly will it take for oil prices to move upwards? This is why I didn't cheer Joe's SPR release or demand destruction at $120 WTI. Days like today really test this supply crunch theory. GLTA I'm going to get drunk.
Comment by
BayStreetWolfTO on Aug 03, 2022 4:23pm
Woke, it might not make you feel better but WTI YTD +20% BTE YTD +56% BMO (a very safe stock in my "safe" portion of my portfolio) -9.5% YTD Just some perspective but in CDN O&G you're still beating my safe portfolio
Comment by
Canukiwi on Aug 03, 2022 4:26pm
Woke, I will have one with you. This will pass after the elections. We are experiencing a Govt. orchestrated attack on oil price consisting of flooding the US market with Imported & SPR oil. It will not stop in the next couple of months. They are in control. Ride it out. GLTA.
Comment by
dandu1924 on Aug 03, 2022 4:35pm
And the worst thing is, Biden is buying the petrol ( gasoline ) from India made with the Russia oil. Can you be more twisted or hypocrite.
Comment by
dandu1924 on Aug 03, 2022 4:37pm
And we should mention Trudope did the same about the oil stuff.