(06-24-2022, 08:08 PM)rnsmth Wrote: USA Rig count up 13 this week - per Baker Hughes.Still below 2019. We will see when it slows. Slowing economy is my biggest fear for oil. IMO we didn't get high enough for serious demand destruction, but we are getting there. Consumers can't tolerate this level of inflation much longer. Not trying to fear monger oil. I just wished my crystal ball had warned me oil stocks would get hit this hard. I would have trimmed.
. They are not at buy and happily hold forever prices now. There may be exceptions, but mostly not.