Seeing lots and lots of crybabies out there complaining about an extra five bucks at the pump. Well... Get used to it. Oil prices are going to be up for the foreseeable future. WTI/Brent prices are up and up and will stay there. Why? Opec meeting last Thursday ended with an agreement with the Saudis and Russians continuing their curtail of production. Why? Simply because their last feud end of 2019 before CV19 ended with an f you and i am going full hard with production and going to make lots of money ended terribly with oil going negative. They have realized the simple economics 101 with supply and demand is the way to go. So supply is going to be continued to be cut for the next couple of months with slow softening of cuts thereafter. So on the American front, we have businesses that have been in the game for 50+ years minimum. They are grinning finally and rightfully so. These very long standing companies have taken the brunt of this whole mess. During such, they have curtailed stupid expenses, streamlined their processes, and have stabilized their operations for the real green. They have cut their break even to $45 or less per barrel on average with some closer to $40. Green green green (save the world) is the flower child's rants, all for it but it aint gonna happen all green for a long time. Slow moving process of at minimum a decade. We need oil to function. Sleepy Joe has a mass create jobs, fix infrastructure, build America better. Moral to the story: Back to the ohhh my gosh gas is soooo expensive now. We dont set prices, OPEC is the supreme being and they set the prices and they are up and will be. The person in the whitehouse is mute on all of this no matter what you believe. There are so many of these tickers and not on a bullshit GME rant but a real make money rant for all out there that look at the big picture. CPE/CDEV/LPI/SM/QEP/REI Watch and hopefully the smarts will listen. Do your own DD and this is not a paid post. GL
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