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02-24-2021, 11:00 AM
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#1
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Just another Facist
Join Date: Mar 2002
Location: Now in Houston
Posts: 52,619
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Oil at $100 ????
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02-24-2021, 11:10 AM
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#2
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Registered User
Join Date: Sep 2006
Posts: 677
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I would not bet on it. The higher prices go, the more supply comes on line. There are a ton of countries looking to increase their exports.
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02-24-2021, 11:39 AM
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#3
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Registered User
Join Date: Jan 2010
Posts: 2,176
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Quote:
Originally Posted by JustRalph
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Long Oil, my first target is 83.00, if it breaches that then 100-118. At that point, if not sooner, go short, JMO. I still think the growth of EV's in next year or two, impacts oil negatively. Oil will resemble coal, in less than a decade.
__________________
One of the downsides of the Internet is that it allows like-minded people to form communities, and sometimes those communities are stupid.
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02-24-2021, 12:29 PM
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#4
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,662
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different things happening with oil these days.. the Saudi's have cut back on production, and in this country the Keystone Pipeline is in jeopardy.. Keystone might be just a bunch of lip service at the end. right now oil has been going up when it usually goes down.
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02-24-2021, 12:52 PM
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#5
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Registered User
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
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Oil is the best bet in the market at least through the end of this summer.
Travel coming back online
Biden killing off US Supply
Inflation on the horizon
I want all the oil exposure, ALL of it.
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03-03-2022, 03:09 PM
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#6
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Registered User
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
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Quote:
Originally Posted by Rex Phinney
Oil is the best bet in the market at least through the end of this summer.
Travel coming back online
Biden killing off US Supply
Inflation on the horizon
I want all the oil exposure, ALL of it.
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A little over a year later.....
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03-03-2022, 04:21 PM
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#7
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Registered User
Join Date: Mar 2017
Location: Baystater
Posts: 3,436
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Hit 116.00 today. Lets go Brandon!
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03-03-2022, 04:53 PM
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#8
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Registered User
Join Date: Oct 2007
Location: Houston , Tx.
Posts: 9,564
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Biden's screwed up this country so badly, even a genius couldn't figure out where to start fixing it.
We hear a lot about the Russian conflict and accountability as far as war crimes go, my feeling is Biden is as guilty as anyone else.
When you really review all the damage he's enforced, and he himself knowing the crippling effects its had, how can it be denied.
He'll never be punished, but no doubt he'll carry to his grave the title of being the biggest piece of shit in American political history.
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03-03-2022, 05:50 PM
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#9
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Registered User
Join Date: Jul 2013
Posts: 17,095
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Quote:
Originally Posted by Marshall Bennett
Biden's screwed up this country so badly, even a genius couldn't figure out where to start fixing it.
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A minor glitch. Nothing to get upset about. Unless you work in the oil industry. Or drive a car.
Quote:
The United States imports nearly 600,000 barrels of oil a day from Russia—an amount that could have been made up for by the more than 800,000 barrels of oil the Keystone XL pipeline is capable of delivering each day if the Biden administration hadn’t stood in the way. As Vladimir Putin conducts his evil and unprovoked attack on Ukraine, now more than ever, we must cut off our energy dependence on Russia while turning up our energy production here at home.
On his first day in office, President Joe Biden signed an executive order to block the Keystone XL pipeline. With the stroke of a pen, he wiped out thousands of jobs and set the tone for how his administration would approach the U.S. energy industry. The president even doubled down on this strategy by banning new oil and gas development on public land.
And in May of last year—despite his own administration’s report that the company behind Russia’s Nord Stream 2 pipeline had engaged in activity meriting sanctions—Biden gifted Putin even greater leverage by waiving off sanctions. Simultaneously blocking the U.S. pipeline and green-lighting Russia’s pipeline sent the message that American security would be sacrificed in order to appease European leaders and environmental extremists.
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https://www.foxnews.com/opinion/bide...ssia-tim-scott
__________________
A man's got to know his limitations. -- Dirty Harry
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03-03-2022, 06:23 PM
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#10
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Registered User
Join Date: Aug 2009
Posts: 6,297
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Quote:
Originally Posted by Clocker
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Or purchase goods or services...
__________________
Remember To Help Old Friends Thoroughbred Retirement Center.
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03-03-2022, 08:25 PM
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#11
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Registered User
Join Date: Oct 2001
Posts: 46,883
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Quote:
Originally Posted by OntheRail
Or purchase goods or services...
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Exactly. Oil goes into the manufacturing of many things.
__________________
Consistent profits can only be made on the basis of analysis that is far from obvious to the majority. - anonymous guru
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03-03-2022, 09:41 PM
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#12
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Just another Facist
Join Date: Mar 2002
Location: Now in Houston
Posts: 52,619
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Quote:
Originally Posted by Marshall Bennett
Biden's screwed up this country so badly, even a genius couldn't figure out where to start fixing it.
We hear a lot about the Russian conflict and accountability as far as war crimes go, my feeling is Biden is as guilty as anyone else.
When you really review all the damage he's enforced, and he himself knowing the crippling effects its had, how can it be denied.
He'll never be punished, but no doubt he'll carry to his grave the title of being the biggest piece of shit in American political history.
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Amen!
__________________
WE ARE THE DUMBEST COUNTRY ON THE PLANET!
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03-03-2022, 09:54 PM
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#13
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Registered User
Join Date: Mar 2017
Posts: 1,032
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Regular gas went up 60 cents today where I live.
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03-03-2022, 10:09 PM
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#14
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Registered User
Join Date: Jul 2013
Posts: 17,095
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Quote:
Originally Posted by boxcar
Exactly. Oil goes into the manufacturing of many things.
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And transportation (and therefore oil) goes into the manufacture and distribution of virtually everything in our modern economy.
__________________
A man's got to know his limitations. -- Dirty Harry
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03-03-2022, 10:15 PM
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#15
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Registered User
Join Date: Jul 2013
Posts: 17,095
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Quote:
Originally Posted by Marshall Bennett
We hear a lot about the Russian conflict and accountability as far as war crimes go, my feeling is Biden is as guilty as anyone else.
When you really review all the damage he's enforced, and he himself knowing the crippling effects its had, how can it be denied.
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He said "Biden" and "knowing"!!!
__________________
A man's got to know his limitations. -- Dirty Harry
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