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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ajtj99

To: ajtj99 who wrote (83054)	12/4/2023 9:26:51 PM
From: Sun Tzu	1 Recommendation Read Replies (1) of 96749

Why can't the afford that? They are the lowest cost producer. And Mr. Bonesaw is not the most rational person in the world. To be clear, I am not saying that they will. But there is a limit to how long they will subsidize their competition if others keep pumping and spoiling their plans. As an FYI, I have the same read as Q. Oil should be a buy somewhere between 64 - 68, depending on positive momentum and what not. But you have to wonder, if a war in ME, attacks at the red sea, and a very likelihood of annexation of the oil fields by Venezuela does not slow the fall in oil prices, how much demand really is there?

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