2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 414.48

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4:00 PM EST

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To: twmoore who wrote (168287)	2/8/2021 11:08:44 PM
From: sense	Read Replies (1) of 219166

No I'm not... I'm just not pretending that they don't exist... the way you seem to want to. Saudi Arabia wants oil at $60... and OPEC is holding that line for now... so $60 it is. It will probably drift a bit higher than that this week or next... even more later in the year... Goldman Sachs saying they expect $90 by year end... But, the key issue for the Sauds now... or one of them... is that under Trump, in March 2020, we had almost 800 rigs drilling, and we were producing 13 million barrels per day... and, now, we've "rebounded" to producing only 11 million barrels per day from a low of 9.7 in August... but we have rebounded to only 380 rigs from a low of 244... not close to the 800 in March. Future supply is shrinking at the pace it is being pumped and not replaced. So, having already continued pumping oil for a year, while the rig count was cut by more than half... that's a guarantee that prices will be higher in the future. You can't shut down drilling by half... and expect prices to stay the same. U.S. production will continue to decline. And that's all how things looked based on market reality BEFORE accounting for the Biden-scale stupidity and corruption in TRYING to shut it down even more... which they are doing in part deliberately in order to hurt the economy of Texas... and in part as part of the effort to enable the fraud of "green energy" which CAN only work by forcing you to pay twice as much or more for energy as you do now... Global warming is a scam... the data on "warming" are fraud... the only real purpose of which is to let them raise the price of energy... while they take a 30% cut off the top of the higher price. That's all about the politics of power and control... they don't want oil companies making money and using it in supporting Trump... they want money flowing instead to "green energy" that pays them big bribes for supporting stupid policies that hurt everyone but them. That's the game and how its played... and if you haven't figured that out by now ?

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