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SandRidge Energy, Inc. Message Board

yrockbroke 2 posts  |  Last Activity: Feb 17, 2015 4:12 PM Member since: Nov 1, 2000
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    The great Federal / Political PUT...

    by yrockbroke Feb 17, 2015 2:53 PM
    yrockbroke yrockbroke Feb 17, 2015 4:12 PM Flag

    Ouch that short position must be hurting...so much in fact that you can't see the forest throught the trees... ha ha!

  • This seems fairly simple.. the US has decided that they will have a policy to stop oil imports...or at least reduce dramatically our dependence on outside oil. In order for that to happen oil has to be above a number that sustains the domestic US drillers...again they (US govt) will MAKE that happen. Short term OPEC has a little clout - but long term the US Govt gets what the US Govt wants. Period. High oil / little import... the rest of the world can go choke on it...all they have to do is put a limit on oil imports - or decide (read spin) that a country / region is an enemy of the state and there ya go ...boom. Easy.

SD
1.78Mar 27 4:05 PMEDT