VBIN's oil stock thread.

[fenders53]

(08-11-2021, 10:16 AM)vbin Wrote:

(08-11-2021, 07:30 AM)fenders53 Wrote: https://seekingalpha.com/news/3728738-us...ine-prices

I am speechless.

I think they see oil prices go further up if supply doesn't increase( unless they are stupider than I thought)

Everyone expects that, and midterm campaigns are a few quarters away.  As I have said all along there isn't a doubt in my mind OPEC could kill oil prices in the short to mid-term.  (Longer term I don't know).  They cut production huge just a year ago.  My guess is they have learned their lesson and will drag their feet.  There are non OPEC+ producers that like our money so who knows what they do.  US producers that have the ability to increase production a bit would be wise to do so now.  It would be crazy not to if OPEC even acts like they will comply with request.

This is why I ignore SA bull articles and invest lightly.  They never get tired of being wrong.