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You're going against the grain a bit, but contrarians can
Posted on: December 5, 2022 at 16:45:44 CT
JeffB MU
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reap huge profits.
Unprecedented Liquidations Lead To Historic Collapse In Investors' Oil Exposure
https://www.zerohedge.com/markets/unprecedented-liquidations-lead-historic-collapse-investors-oil-exposure
and gas prices have been dropping
Gasoline Prices Continue To Plummet In The U.S.
https://oilprice.com/Energy/Energy-General/Gasoline-Prices-Continue-To-Plummet-In-The-US.html
and Peter Schiff thinks 2023 is going to be a nightmare scenario of spiking inflation and strong recession
https://schiffgold.com/interviews/peter-schiff-a-currency-crisis-will-fuel-the-inflationary-fire/
OPEC+ is probably going to be pretty aggressive in keeping a floor under prices & Europe is going to be needing a lot of help with their embargo of Russian oil. I can't imagine that China will continue in lockdown mode forever so they could drive another jump in demand. Biden also can't keep selling from the strategic petroleum reserves.
It seems to me that overall it is probably a good investment now.
Unprecedented Liquidations Lead To Historic Collapse In Investors' Oil Exposure
https://www.zerohedge.com/markets/unprecedented-liquidations-lead-historic-collapse-investors-oil-exposure
and gas prices have been dropping
Gasoline Prices Continue To Plummet In The U.S.
https://oilprice.com/Energy/Energy-General/Gasoline-Prices-Continue-To-Plummet-In-The-US.html
and Peter Schiff thinks 2023 is going to be a nightmare scenario of spiking inflation and strong recession
https://schiffgold.com/interviews/peter-schiff-a-currency-crisis-will-fuel-the-inflationary-fire/
OPEC+ is probably going to be pretty aggressive in keeping a floor under prices & Europe is going to be needing a lot of help with their embargo of Russian oil. I can't imagine that China will continue in lockdown mode forever so they could drive another jump in demand. Biden also can't keep selling from the strategic petroleum reserves.
It seems to me that overall it is probably a good investment now.
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You're going against the grain a bit, but contrarians can - JeffB MU - 12/5 16:45:44