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To: SaxxonWoods
Interest in stocks is typically predicated on expected earnings 6-9 months in the future. Due to the vaccine, investors are buying airlines, cruise lines, anything that uses a lot of oil/gas etc.

I also had the thought that the end of fracking will lead to higher petroleum prices, which would be good for any part of the oil industry not involved in fracking.

1,985 posted on 11/09/2020 3:54:41 PM PST by AZLiberty (As of Monday, May 18, at 9:30 am, I'm a U.S. citizen. And I VOTED!)
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To: AZLiberty

“I also had the thought that the end of fracking will lead to higher petroleum prices, which would be good for any part of the oil industry not involved in fracking.”

It could, but it’s just part of the long cycle. Obama tried to hurt exploration/production, but he couldn’t control it on private land. So more private landowners got and are still getting paid.
royalties. The rules haven’t changed, and I think Biden is BS-ing anyway, he’ll just try to tax it.


1,989 posted on 11/09/2020 4:12:54 PM PST by SaxxonWoods (Ghislaine Maxwell lives and Joe Biden is losing.)
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