2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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

GLD 383.15

+0.8%

4:00 PM EST

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To: carranza2 who wrote (169028)	3/1/2021 7:07:01 PM
From: sense	Read Replies (1) of 218033

Whether you like them or not... is one question. Whether they're priced correctly given probable future changes in markets is another. Killing the pipelines is demoralizing to investors... but does almost nothing to alter the real flows that exist now. What it does... is force Canada to remain a captured supplier for the U.S. with no access to other markets... so in addition to there being an oil sands issue in high production costs... there's also a Canadian oil price cap... But the transportation issue as a function of supplying current markets... just means the oil will travel on trains and trucks.... generating higher risks... instead of in safer pipelines. Stopping the pipeline... does nothing to stop the oil production... "oil sands are the last place to be until there is a severe shortage" Only, when there is a severe shortage... you're already too late on the trade. The events of 2020 and ongoing... have us on track for a spike in inflation... oil production constraints by OPEC not mattering now... but if the virus surrenders and the economy ramps back up... you will see oil over $100 really quickly... The extraction technology has continued improving... some of the sands probably profitable at $80 now... all will be at $120... and oil is probably heading higher than that... Im focused on mining stocks now... another inflation trade... which doesn't mean I think oil isn't going anywhere long term... if "sideways" for a bit right now... as OPEC balances current demand with current supply... in a way that kills off future supply... The virus drives the timing... I don't expect it to be under control before late summer... once actually functional vaccines become available.

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