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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (158263)	6/25/2021 9:42:54 AM
From: Cyrus	Read Replies (2) \| Respond to of 221427

Supply vs demand, IF and I do believe the "if" supply drops below demand look out. Not that there is no oil in the world in the ground but politicians think they are smarter than the market so they have in effect killed the shale industry. Some tankers loaded with oil wont make the difference, a typical oil field declines naturally at 10% production a year, and it takes years for supply to catch back up once the reins are released. Im betting on the if, look at natural gas same scenario and wait until this winter, storage volumes are going to be at five year lows and nobody is drilling. That was the spike in price yesterday based on the weekly US storage report. Teslas need to be powered by something.