Let’s get ready to rumble. Shorts are going to get crushed in the energy sector. Demand for oil is now beating prior Covid demand. How many of your friends have been on a trip by plane in the past 30 days? Have we ever seen such incompetence by governments to turn green? The answer is it’s impossible for another 100 years and even that might be a long shot. Stay long and strong! Black golds going to be making us a lot of money.
Gasoline is good for a 20-25% drop in the short term......just an opinion.
$uga $uso
Bearish
G
Gasoline build last week. But oil draw. Oil output will not increase much. Only recession will bring down energy prices.
G
Oil is trading like it's topping. I mean with the big shortage that Goldman talks about, oil should be at $130 by now...shorts will win this war like always. Super spikes are liquidity driven.
S
$USO Remember when Oil was $.00 in 2020. History Repeats
J
When USO finally closes below it's 50EMA, it's a *long* way down to the 200EMA -- which it has not tested in an absurd amount of time. Today's move is just the beginning...
Bearish
S
PsyOps: Psychological Warfare......IF the US Government brought together some of its best traders....and backed them with 100 MM BBL of oil and an cash cushion of $100MM....what type of damage do you think they could do to forward prices just by trading opportunistically to push prices down??
Stranger things have happened.
C
Start shorting.
G
$100 oil this week?
J
Desensitization of gas prices. Brandon’s plan. When you think a .15 cent decrease actually helps. Bandages don’t stop deep cuts. Double down time!
D
soon gas stations will have to do credit checks on people with 600 dollar fillups
G
Run USO to $100...
C
Memories are short when it comes to money. Remember when they to reverse split this thing when the prices got so low ?
J
I am so tired of USO doing nothing all day. Can you move??? I have been reading (http://Achieverspot.tech) for a month now and the stocks there actually go!
Yes, with $5+ gasoline at the pumps, oil is a coiled spring....
G
Oil will stay above $100 unless we get a deep recession. Electrification of transportation is the enemy of expanded oil output.
S
Tax vacation should be bullish for oil prices should it not? The companies still get paid the same and demand will be increased??? Gives them more room to increase price if anything.
I sure hope the oil companies hedged nat gas at $9.00!! A whole lot of folks are long at very very high prices.
$uga $uso
$BTE $OXY $CPE $RIG $OIH $SU $XOM $CVX $EOG $CNQ $LPI $CLR $CDEV $CPG $ATH $CNQ $USO $VET $PBA $MUR $PVL $KRP $BCEI $ERF $TPL $CPK $OMP $EGY $USO $NRGU $CNQ
$BTE $OXY $CPE $RIG $OIH $SU $XOM $CVX $EOG $CNQ $LPI $CLR $CDEV $CPG $ATH $CNQ $USO $VET $PBA $MUR $PVL $KRP $BCEI $ERF $TPL $CPK $OMP $EGY $USO $NRGU $CNQ $SBOW $OAS $SD
$uga $uso
Stranger things have happened.