Oil

To the moon!

Oil keeps climbing this is not a surprise, could hit all-time highs this year.  I think a smart investor should buy right now.

Oil to skyrocket at some point just don't know when and what the ceiling will be.

When I hear "to the moon" I think meme stocks.

Please stop w the nonsense.   I've been a successful oil investor even in turbulent times.  Here are the 2 elementary things  you need to think about w oil investing..  supply  vs. Demand 

IMHO , demand will continue to improve for the foreseeable future.

 

More importantly,  demand will remain constrained due to the foolish decisions of the Biden administration to restrict oil/gas drilling on federal land and the assault on oil drilling in general.

 

What most people don't realize is that fossil fuel is a necessary part of our future energy source.

 

Profit from it while the current administration tries to put it out to extinction 

*supply* on that last point

You obviously know more than me but considering the spike in oil I honestly think it will keep going higher.  

 I bought a bunch of XOM during the crash about 18 months ago......& just sold it last week. I should've held til summer. 

I am very concerned about the price of gas, 4.19 a gal where I am. My measly Toyota swaallows this stuff like it's running water. If it hops over 5 we are in doggy doo doo.

Just paid 3.89 for regular gas at my local gas station.  I would like to pay 2.89 and I really hope the price of oil drops this week.  I will be following the stock market this week and will post an update in this thread from time to time. Oil is a heavily traded commodity and may drop in the near future.

Thinking oil can go to 200 to 300.  What say you? 

https://oilprice.com/Energy/Energy-General/The-NOPEC-Bill-Could-Send-Oil-Prices-To-300.html

Not looking good for drivers $200 oil would be catastrophic. $300? State of emergency.

@FredLeonard

 110 per barrel today WTI.  Friday the 13th, 2022.

To the top

Paid $4.59 today for the cheap gas lol 

June 6... 2022...  price oil wti 118 range.

June 6... 2022...  price oil wti 118 range.

WTI Crude to hit $120 by 4:00pm Friday 6/10

 1.92x

6/14

 

Oil positive by 4:00PM EST today

45,000,000,000x

Oil dropped big on Friday

This dramatic price shift signals

Opec is raising production.

They are convening to determine oil production levels.

 

Trading WTI is hard! I hope it keeps going down I cannot afford expensive gas

The only way for WTI to skyrocket is if the oil majors got together and agrees to raise prices. This illegal collusion would be one way. The other way, god forbid, is the effects of a major war, like World War 3.

NG1 today - price $9.17

 

 

Simmering down.  Now what?