SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Rarebird who wrote (75032)2/5/2024 7:32:22 AM
From: Rarebird1 Recommendation

Recommended By
Harshu Vyas

  Read Replies (2) of 78752
 
The big problem investing in energy stocks - and I am not being political here in terms of campaigning for one candidate over another, but being real- is that it is in the Biden Administration's interest to keep the price crude oil low ahead of the election.

One is being naive if one thinks that all aspects of the stock market represent free markets.

The stock market is fixed in many respects.

I don't want to get into details here, but anyone who took a close look at the monthly employment report on Friday will see a host of contradictions.

The Biden administration is looking to replenish its oil reserves at $70.

Since the Biden Administration has stated the above as its goal, the price of WTI crude oil has repeatedly come back to the $68-$70 area on every rally.

Bottom line: if you are long energy stocks, you are fighting the current administration.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News