Post by
CountryBoy69 on Oct 11, 2023 3:06pm
Oil manipulation
This is a real joke , regarding the supply and demand for oil. Geopolitical issues alone should ensure a higher price , even if Biden and his complicit cronies are stupidly depleting the SPR. You have the Ukraine , Putin threatening foolish things , as one of the richest profiteers in the world , l have know idea of his endgame , other than he has had a complete mental breakdown. Then you have China posturing against Taiwan , looking at history you could almost make a case for them but neither the USA or Taiwan want anything to do with that. Now you have Hamas and their terrorist attack onIsrael and anyone who doubts that Iran supplied and supported , and in my belief Putin as well to deflect attention from his potential overthrow. 30 percent of the world's oil goes through the Straits of Hormuz and anyone who thinks that Israel have become PC adherents and are going to take this lying down , are well really stupid. Oil , if even in a short-term should be well over $100 ,but the Street is waiting for the Shite to hit the Fan, l don't want it but that's the way it is. Now with all these world issues , can Biden be so totally irresponsible along with his dimwit party to put America's response at risk. The military consider him incompetent so he better start refilling the SPR quickly , it will only take a complete month the US production to achieve it or more and that's assuming the US populace consume nothing and nothing is exported. I wonder if that SCOTUS moron has had second thoughts about Keystone , probably not as no Democrat or Liberal ever admitted to any misjudgement. .BTE should be over $8 on recent developments along with the whole sector ,North American in general. ,Final thought while the Saudis are lowlifes , they are supposed to be on our side and we all know what Iran and the Yemmies think about Saudi Arabia and their regime.
Comment by
Retiredgeo on Oct 11, 2023 4:17pm
Israel is a small place. You can't nuke neighboring Gaza without fallout contaminating Israel and several other middle east countries. There are reasons why these weapons have never been used since the ignorance of 1945.