Is there any way you would short it here?
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OPEC told Joe 'no' to increased production...meanwhile Joe made us dependant upon imports w his incredibly stupid energy policies.
Oil trades in dollars, dollars today are worth HALF what they were 10 years ago.
If you don't understand how economically illiterate this administration is, and those who voted for it are, then just Google "trillion dollar coin" and see Bidens solution to everything....
...you can't make this shit upComment -
So Biden is behind oil going higher?Comment -
6 weeks ago it was under $19.00 Today it is $24.14. How can you trade this?Comment -
The energy policy of the USA was independent (0 imports) under Trump.
Biden nixed all domestic oil leases & the pipeline to move the domestic oil to domestic refineries.
Then, Biden passed the 3T stimulus in March, & the Fed continues to buy market securities at the rate of $100b per month. These 2 actions put the US debt ratio above 100% for the 1st time since ww2. The USA is, technically speaking, bankrupt because of Biden. This has lead to RECORD inflation in just the last 6 months. Like nothing we've seen before, cutting the purchasing power & savings value of the US dollar literally in half.
Biden requested OPEC increase oil production by 20% to offset this, OPEC said no.
End result- Biden agenda dead, US economy dead, US consumer dead...2022 midterms all that is on Congress mind right now.Comment -
The administration is seriously floating this idea...that's how bad things are under BidenComment -
CVX has almost doubled in 1 year and now the SPY is starting to scare me because I don't want to be long.Comment -
Up 25% yes...they'll continue consolidating these vertical industries thou.
The yield is solid, the growth is there...in 20 years there might only be 5 major oil companies world wideComment -
The business of business is business. I have to go check back tomorrow and see what is happening to the S&P. I'm a little bit long on the SDS but nothing to scare me about. I can't see SPY going the way it is going. But hey...Comment -
Oil prices are good for US producers. Last year a lot of them went out of business when the prices tanked due to Trump policies.Comment -
Completely wrong take lol
US producers don't want to produce more for fear they'll either receive worthless dollars or be stuck w a massive price drop in near future - even the NY Times wrote on this the other day.
If Biden would have just left the Trump policy in place, the stability on the market and domestic independence (along w increased pipeline & refinery jobs) would have been the ideal mix for long term stable low fuel costs for US consumers.
We need stability
We need conservative leadershipComment -
There have been a number of calls for December 2023 $200Comment -
Didn't Trump purchase like 77 million drums at around $1.00 each... or maybe even under that.... for our Emergency Supply?? (Amazing Business Decision)
Biden apparently going backwards in business decisions. This fukking guy.
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Why would you buy calls @$200?Comment -
It was one trader who bought options at $200 (Dec- Oct 2022).
He wagered $130,000
It's a very low probability, however- could pay off huge if there were a spike....and frankly w Bidens domestic energy policy and military instability in the mid east and China....this could occur.Comment -
OIL taking a hit today. down .52c 2.15%. I follow it but don't know where to get in. Maybe watch to see if it goes lower.Comment -
I got long SDS $8.64 today now $8.81. I like taking shots either long or short S&P 500. Looks like I'll take the profit hit and run.Comment -
Got order to get out $8.84. I hate chasing pennies but that's the way to do it.Comment -
No, it didn't
Trump literally saved the Industry.
Even his pundits gave him credit for this
Joe Biden is a fukking retard by comparison...he was handed energy independence, consumer friendly pricing & stability in the sector....and he fukked it all up within 10 months.
By the way, as of 845 AM today more people have died as a result of Covid in Bidens 10 months in office than did during the entire year of 2020 under Trump.
...just saying. You can compare Biden to Carter in terms of impotence if you want, but you cannot compare anything between Trump & Biden. The men are on two different levels of achievement & comprehension. Hate Trump personally...that's fine, but he was arguably the greatest and most successful President since Reagan. The economic success of his 1st 38 months (non Covid) will never be equaled again organically.Comment -
Well that's good for the oil industry, bad for prices at the pumps. Because when the economy fired up again there wasn't enough oil being produced to meet the demand, prices soared. But it's so easy to blame Biden because that's the only way your d*ck gets hard. Most successful President? Sure for corporations and rich people! He's a fukkin God! Screw the normal people whose sweat off their backs drive this economy.No, it didn't
Trump literally saved the Industry.
Even his pundits gave him credit for this
Joe Biden is a fukking retard by comparison...he was handed energy independence, consumer friendly pricing & stability in the sector....and he fukked it all up within 10 months.
By the way, as of 845 AM today more people have died as a result of Covid in Bidens 10 months in office than did during the entire year of 2020 under Trump.
...just saying. You can compare Biden to Carter in terms of impotence if you want, but you cannot compare anything between Trump & Biden. The men are on two different levels of achievement & comprehension. Hate Trump personally...that's fine, but he was arguably the greatest and most successful President since Reagan. The economic success of his 1st 38 months (non Covid) will never be equaled again organically.
And this virus would be long gone if Trump had acted immediately. But no, let's have rallies and spread this sh#t so 700,000 can die from it. Do you ever get tired of sukking that clown's mushroom d#ck? God I hope he runs in 2024 because he'll get crushed unless 2022 is a total failure and every polling machine is infected with the virus they put in the Arizona machines.Comment -
Oil like all instruments go up and down and nobody knows tops or bottomsComment -
It's because Biden is a retard.Comment -
JFC we have more oil than we know what to do with.
Biden shut down the pipeline dude. W a stroke of a pen he made it impossible to move the crude to the refinery.
Then, with another stroke, he ended all domestic oil leases on Federal land
Just stop now. That is the end of the argument- 2 executive orders that kill your entire POVComment -
I forgotten this guy's 2nd point
Trump didn't act immediately
You mean like closing the borders? If I recall his entire term he tried shutting them down
And during covid he closed off China and was met w resistance by Pelosi while she insisted on going fwd w a 2nd sham impeachment.
You can't be this fukking stupidComment -
$5.00 a gallon at my local Chevron gas station. Thank you Joe Biden.
Miss Trump and energy independence yet in America?Comment -
It’s called supply and demand...
don’t even understand who controls oil production in the US...
just keep vomiting the narrative MSM feeds you.Comment -
Still $2.69 in Georgia. Hasn't risen a penny for 6 months now.
Thank you president Biden for cheap and stable gas prices in Georgia.Comment -
Joe Biden stops our huge gas pipe line but approves the Russia and Germany pipe line. That was mind blowing?
What do you think is going to happen when you slow down oil production in America with regulations again and stop the construction of a huge oil pipe line that would supply America?
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