Post by
lovehockey on Sep 27, 2023 5:32pm
SPR releases delayed this era by 1 year, now it is arriving
Biden stole from us 1 year of great earnings but perhaps this is even for the better for the energy companies. There are not very many tools that are left for the US as to let the market take care of the oil price. I believe we are in the beginning of the era where oil prices will establish a new benchmark of $120-$150 and all those who invested in oil heavily will benefit in a huge way.
Comment by
Freedom7 on Sep 27, 2023 9:22pm
Biden selling the SPR is good, as it got rid of the overhang.......This will only be good for oil companies going forward.....When America has to refill the SPR, watch prices go crazy.......
Comment by
Freedom7 on Sep 27, 2023 9:22pm
Biden selling the SPR is good, as it got rid of the overhang.......This will only be good for oil companies going forward.....When America has to refill the SPR, watch prices go crazy.......
Comment by
lashing on Sep 28, 2023 3:18pm
oil is not going to $150 .. it will hover around 90 and thats all anyone needs to print cash like crazy
Comment by
Freedom7 on Sep 28, 2023 9:56pm
Oil will go to $150 due to shortages and war......
Comment by
lashing on Sep 28, 2023 10:13pm
Personally, I think the Saudis will pump like crazy to keep it under $100
Comment by
Kpitreal on Sep 29, 2023 9:13am
saudi more likely to keep it under 130. Shorts still have to suffer more or our western govs need to admit the obvious that the world needs oil and gas.