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Politics : Welcome to Slider's Dugout
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From: isopatch6/6/2025 8:15:18 PM
2 Recommendations

Recommended By
Mick Mørmøny
roguedolphin

   of 50219
 
People seem puzzled by recent oil rally despite repeated OPEC production increases AND global economy with so many key nations in or close to recession. Ans. is simple. Borrowing & Spending is increasing money & credit faster than OPEC can boost production. And under this president, that's likely to continue for yrs to come. OK what does that mean for the oil price?

My wag is mid 70s before the snow flies in Central Ohio.

All IMHO. OTOH, been focused on energy, metals & other commodity sectors for over 50 yrs & odds don't favor taking the short side if I'm long with planned holding period of 6 months or more. If I'm wrong? Crude breaks back below 60 before August.

Most important of all? Never base your buy or sell decisions on a web post. Even one of mine. It's you money. Do your own research & make your own decisions.

Iso
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