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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (13775)	5/20/2022 9:25:50 AM
From: Fiscally Conservative	Read Replies (2) \| Respond to of 26813

Higher Prices is the cure for higher prices.

To: Kirk © who wrote (13775)	5/20/2022 9:42:33 AM
From: rdkflorida2	Read Replies (1) \| Respond to of 26813

I suggest, and have suggested in the past on this board, two new state of the art refineries would help solve the distillate problem. Pipelines?, forget Keystone. I agree with Manchin on this. One from the Permian and one from the Marcellus field (nat gas?). As for drillers, the market place determines what they do. We are back to pre covid production. Sept. 2020 was right around 11.1 Million. Today around 11.8. million Sept. 2020 about $35 per barrel. Today, with higher production, around $100 per barrel. What changed? 1. Much faster economic recovery causing supply shortages *not just crude oil. 2. A little thing happened in Ukraine. 3. Wall street/banks "gun shy" for lack of a better term. (You see this). It's simply a supply/demand situation. Look at a chart of gas at the pump prices. Rising into Feb. Look at the spike. Again, what happened in Feb.?? Finally, from industry/govt. figures, Biden approving drilling leases at a pace equal to or exceeding the pace under Trump. I do not have time to continually post this stuff. Fact check me if you want. If I am wrong I will say so and stand corrected. RDK