11-06-2021, 08:53 AM
Well the little dip came and lasted under a week. Allowed to to get back in just a little. The OPE+ vs Biden commentary is humorous. Trying to shame them into more supply while he tries to wreck the industry at the same time. Their monthly increase plan seems to be keeping things stable enough. I suspect there will be more US drilling by spring but we shall see. It would seem crazy to not bring a little more product to market if prices are headed where we think they are. Demand is almost surely going to rise by then and you are going to cede it to OPEC and others if you don't.