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Strategies & Market Trends : Young and Older Folk Portfolio

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To: chowder who wrote (9794)	9/22/2024 11:45:04 AM
From: R.Daneel.Olivaw	2 Recommendations Recommended By livwell Rincon v2.0 Read Replies (1) of 21942

Re: Energy and Oil ... Just returned from a drive through Nebraska and S. Dakota... Oceans of crops, (we usually avoid Interstate highways). A few things I follow about energy and oil... One thing of note is chatter around EIA estimates being wrong lately. Blame is being laid to bias toward green energy. Take it or leave it. Hoya Capital on SA, though they combined with iREIT and it's harder to find their oil stuff when searching. The U.S. is now just not energy independent, we are a net exporter of around 4M barrels a day of refined product. The shale revolution changes things, wells can be shut down and spun up in days, new wells online in weeks. Zeihan on Geopolitics In my mind this makes the rig count less important. In the past longer lead times made the counts more stable. Reductions and increases were very important because the oil guys had to be smart about adding/subtracting due to these lead times. Now, not so much. my 2¢.

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