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

To: rdkflorida2 who wrote (13782)	5/20/2022 10:41:52 AM
From: Sdgla	Read Replies (1) \| Respond to of 26808

Sadly you have not answered the question nor posted a link for your posted data. More examples : thegatewaypundit.com If your data was correct why is biden begging opec for more production & negotiating with Venezuela & Iran for more oil ? If it wasn’t a sad enough spectacle seeing President Joe Biden kowtow to communist China over the COVID virus, now Biden has overdrawn the humiliation card by pleading with the dictator in Venezuela, Nicolás Maduro, a Russian ally, to please sell the US some of the oil, for which Biden won’t let American producers drill for domestic use. (Article by John Ransom republished from HeadlineUSA.com) Sen. Marco Rubio, R-Fla., ridiculed the Biden administration for another humiliating defeat to a dictator regime, the only type with which Biden and the Democrats seem to like dealing, reported Fox News. “#Biden secret talks with #MaduroRegime isn’t about replacing #Russia’s oil,” said Rubio via Twitter. “#Venezuela’s oil industry is an incompetent mess that produces 10% of what Russia exports. Ukraine is just an excuse for pro-leftist former Obama staffers who already wanted to get close to Maduro & Cuba.”

To: rdkflorida2 who wrote (13782)	5/20/2022 10:52:33 AM
From: Kirk ©	1 Recommendation Recommended By berniel Read Replies (1) \| Respond to of 26808

Yeah, I guess you are saying when the high oil prices crush Amazon and Walmart such they they have to lay off workers, especially drivers, then those drivers can find jobs drilling for oil. Have you compared the wages offered to oil workers vs. Amazon and Walmart drivers and warehouse workers? I just gave my gardener a 15% raise. Do you think he and the others he hires to help will let me take back some of that if gas prices drop? I think you are wrong: Again, "the market place will get it right, eventually." There is NO free market in the US or the World for oil. One of the BIG reasons I won't invest in oil is any time there are significant profits, politicians go on the Lizzy Warren warpath and try to hit them with EXTRA taxes and fees. High priced oil is usually what we see at the end of an economic cycle. The market is pricing in another recession of which we already have one quarter of negative GDP and if China remains closed, we could get a second. I think inflation HAS peaked and demand destruction has begun. We've ALREADY entered BEAR MARKET territory with the TOTAL stock market down over 20% despite what the permabulls here say.