ajtj's Post-Lobotomy Market Charts and Thoughts Message Board

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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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To: TigerPaw who wrote (62591)	6/14/2022 12:12:48 PM
From: ajtj99	4 Recommendations of 97462

If there is a political act involved in the price of oil, it is the wars/sanctions on Iran, Iraq, Venezuela, Russia, Libya, North Africa, etc. There is enough oil potentially available from those areas without war and sanctions to handle future growth in oil demand for many years to come. There are probably 10-million barrels/day potentially being suppressed in those areas, which kind of dwarfs the 1.5-million bbl/day deficit there may be right now. If you asked the average person on the street if they would rather have sanctions and / or war with all of these places or their gasoline costs cut by 2/3rds, I think we'd know what the answer would be.

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