It’s the reserves.
We can buy now and hold.
I don’t see it falling below $65, but that is more gut than economic science.
Heck we could play the commodities market and pay off a percent or two on the debt. /S
I don’t see it falling below $65, but that is more gut than economic science.
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I’m in favor of oil bottoming at $65.
But there’s no telling where the price of oil goes. I figured 90 then 80 then 70. Now WTI is under 70.
The federal government owns about 35% of the land in this country, perhaps more. They are sitting on trillions in natural resources and real estate assets. They should immediately implement a program to sell or auction these assets to pay off the trillions in debt to be borne by our children and grandchildren. Buyers would be limited to U.S. citizens and corporations, and thoroughly vetted foreign corporations. By thoroughly vetted I mean no front organizations for terrorists, foreign intelligence services, or hostile foreign powers, or George Soros.