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Oil bust inevitable

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[QUOTE='jmanz]$93
[/QUOTE]It's bound to top out and flip the other way, especially with electric vehicles coming.

 
'nodle]It's bound to top out and flip the other way said:
It's funny how people will look forward to that. Only to see the electric companies just raise their price too.
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They are subsidizing already with the price increase of natural gas to offset it slowly.

 
[QUOTE='nodle]They are subsidizing already with the price increase of natural gas to offset it slowly.
[/QUOTE]I was going to mention that it is nice to see Nat Gas come down a bit lately. Not in lock step with crude anyways.

 
[QUOTE='jmanz]We are still at $3.29, expecting it to go up any moment now.
[/QUOTE]I’m expecting it to go above $4.00 real fast if Russia invaded Ukraine, and then break $5.00 this Summer.

 
Or just cut off reliance on foreign oil and starting using our own, and create jobs along with it as well. Pretty simple fix if you ask me.

 
[QUOTE='nodle]Or just cut off reliance on foreign oil and starting using our own, and create jobs along with it as well. Pretty simple fix if you ask me.
[/QUOTE]That would raise the ire of the far left Marxists too much though.

 
Well WTI bounced over $100 this morning. It took awhile to get back to $100, but it seems like it went by in the blink of an eye didn't it?

 
So it seems pretty obvious that we are leaving Russia's oil exports alone to prevent costs skyrocketing in our country. If we were to flood the market with oil, we would really put Putin in a tough spot. Current administration unwilling to do that because the left wing lunatics would be at Biden's throat for abandoning the climate measures he took day one in office. And if gas/oil prices rise more, Americans will surely turn their back on the administration more than they already have (approval numbers tanking) Accurate?

 
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