Post by
geezer21 on May 05, 2022 1:53pm
Oil and Gas Supply Deficit
The oil and gas supply deficit is greater than what demand destruction can counter act. Expect oil and gas prices to keep rising.
The available pool of oil to meet demand is declining with taking Russian oil off the market, with oil production declining, with OPEC unable to achieve the increase in production they said would deliver over 6 months ago, and with Biden buying oil back to restock strategic reserves.
Hang on to your shares.
Comment by
1condor on May 05, 2022 8:36pm
geezer..agree..on another note I added to my position today on the 6 percent dip and will add on further weakness.
Comment by
smocher on May 05, 2022 9:47pm
The overall market got creamed today and WTI was steady at $108. That tells me it's going higher.