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Traders Are Betting On $100 Oil Following Texas Freeze
OilPrice.com ^
| February 24, 2021
Posted on 02/24/2021 2:55:18 PM PST by AAABEST
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What a lot of fake-news biz journos are not telling anyone; is that this is a direct cause-effect result of Joe Xiden's demented TRASHING of our America's domestic oil production.
It's also a result of our leaders recklessly raiding our treasury, which can only lead to a significant devaluation of the dollar - which oil is a hedge against.
Glad I bought a bunch. Up like 10% in the last week - it'll help offset the horrific gas prices coming our way.
I think there's still a lot of headroom for people who haven't gotten in yet.
1
posted on
02/24/2021 2:55:18 PM PST
by
AAABEST
To: AAABEST
I hate to invest with SCUM like Goldman, Morgan and BOA, but if they’re singing in unison like this - it’s probably coming.
2
posted on
02/24/2021 2:56:34 PM PST
by
AAABEST
(NY/DC/LA media/political/military industrial complex DELENDA EST)
To: AAABEST
How comes it to be that you list yourself as the author of this material?
3
posted on
02/24/2021 2:57:19 PM PST
by
humblegunner
(Balls To Picasso.)
To: AAABEST
I prefer the old term ‘speculators’.
4
posted on
02/24/2021 2:57:56 PM PST
by
SpaceBar
To: AAABEST
Exactly. The rise in oil prices has nothing to do with the recent WEEK LONG winter storm, it has everything to do with the dementia-ridden dumbass’ policies that significantly and aversely impact the supply.
To: humblegunner; Admin Moderator; Sidebar Moderator; Jim Robinson
OH S**T. Mods help.
Thank you for pointing that out HG...seriously. The FR auto-fill got me.
6
posted on
02/24/2021 2:59:00 PM PST
by
AAABEST
(NY/DC/LA media/political/military industrial complex DELENDA EST)
To: AAABEST
Don’t blame the freeze. Blame Biden.....
7
posted on
02/24/2021 3:02:01 PM PST
by
neodad
(USS Vincennes (CG-49) Freedom's Fortress )
To: AAABEST
Bad news for fuel prices. Good news for my long suffering Exxon stock.
8
posted on
02/24/2021 3:02:02 PM PST
by
NautiNurse
(It took 20 years for FL to clean up voter fraud in Broward and Palm Beach Counties. But we did it. )
To: AAABEST
I bet that Texas already has there production capability back near 100%. That is not why the price of oil is going to shoot up. That is only what they want you to think. The real problem is Biden.
9
posted on
02/24/2021 3:05:45 PM PST
by
Revel
To: AAABEST
I bought $20K Marathon Petrol 5 months ago......It has doubled in value as of today.
When I bought it told my wife it was a no brainer, oil stocks were very undervalued. Love it when I’m dead right!
To: AAABEST
bite en ...cover.
Thieves.
Pipeline people should have kept on going anyway.
11
posted on
02/24/2021 3:07:08 PM PST
by
Varsity Flight
( "War by the prophesies set before you." I Timothy 1:18)
To: AAABEST
But, but, but... frozen windmills and snow/ice laden solar panels will save us! </bullshit>
12
posted on
02/24/2021 3:08:37 PM PST
by
Carriage Hill
(A society grows great when old men plant trees, in whose shade they know they will never sit.)
To: carriage_hill
Good thing Democrat Resident Biden canceled Keystone XL!
Thanks, Democrats; thanks for higher oil prices!
Great job, Democrats!
13
posted on
02/24/2021 3:10:30 PM PST
by
SaveFerris
(Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
To: AAABEST
“However, as Bloomberg notes, these forecasts for $100 are far from the current consensus.”
To: AAABEST
they can charge as much as they want, but when people can't afford to drive, then what?
i hope they all lose their collective asses...
15
posted on
02/24/2021 3:11:35 PM PST
by
Chode
(Ashli Babbitt - #SayHerNAME)
To: SaveFerris
He’s going to cancel a few more, too. KXL was just a tune-up for what’s in store for America.
16
posted on
02/24/2021 3:12:27 PM PST
by
Carriage Hill
(A society grows great when old men plant trees, in whose shade they know they will never sit.)
To: AAABEST
Here in Dayton,OH, pricing for regular is hovering near $2.50
Link to website that provides price updates for your area.
https://www.gasbuddy.com/
17
posted on
02/24/2021 3:14:03 PM PST
by
newfreep
(“Leftism, under all of its brand names, is a severe, violent & evil mental disorder.”)
To: carriage_hill
Democrat do an awesome job of destroying the nation.
Great job once again, Democrats!
We really thank you for higher oil prices!
Well, that may be sarcasm...
18
posted on
02/24/2021 3:15:34 PM PST
by
SaveFerris
(Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
To: carriage_hill
Democrat do an awesome job of destroying the nation.
Great job once again, Democrats!
We really thank you for higher oil prices!
Well, that may be sarcasm...
19
posted on
02/24/2021 3:15:34 PM PST
by
SaveFerris
(Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
To: SaveFerris
I use 90oct ethanol-free has in my Jeep Grand Cherokee HEMI V8, and it’s gone from $2.75/gal to $3.95/gal in just 2 weeks. I can foresee $6.00/gal-PLUS within 3-4mos. Swell.
20
posted on
02/24/2021 3:16:45 PM PST
by
Carriage Hill
(A society grows great when old men plant trees, in whose shade they know they will never sit.)
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