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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (8135)	10/19/2021 11:22:39 PM
From: robert b furman	1 Recommendation Recommended By DinoNavarre Read Replies (2) \| Respond to of 13784

Hi Dino, I do not agree with there analysis. If you look at OPEC market share, when the OPEC market share exceeds 50% of production, you'll find the price of crude rises. Simple supply demand and the biggest cartel ( supply) raises prices once they have a dominant market share. Once they gain market share they simply raise the price of their commodity. Shale interrupted that, and now we have a green president who is ensuring a lower supply capability. The USA from energy independence has given up it's ability to reduce fossil fuel prices via competition. After going thru the pandemics fossil fuel demand collapse, the USA majors have not ramped production, while reducing Capex. They have not increased 2021 to 2022 production by more than 3% (DUCS completions). The independents have been more aggressive. With shut downs and and well depletions, the US will do well to maintain production. Biden has cost us all money, unless you bought E&P stocks during the pandemic. The best hedge in the world! When you have them by the balls, their minds shall soon follow. Opec is back in charge - Let's go Branden! Bob