Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI)

[Lionelthelunatic]

Shotsky, you are correct in what you say. I have been in the oilfield over 40 years. I spent the last 9 years working in the Eagle Ford Shale. The week Biden took office oil companies started shutting down. He warned us about what he was going to do. On getting wells drilled, here in this field it takes about 1 year and 3 months to get the oil in the tanks ready to send to the refinery. It starts with making a lease with the land owner, surveys, permits, construction, trucking, rigging etc. I put the blame totally on the adminstration. How can you trust a president that is taking oil out of our stratigic reserves on the brink of world war 3 ( "to help the American people at the gas pump") and then send it to Europe. I would love to see where that money goes.
USOI-22,111 shares and holding.