ProShares UltraPro QQQ ETF (TQQQ)

[fourdint]

You don't have to wait for oil prices to transcends into other markets -- its here!

First, people dont seem to realize "Oil" is more than gas and diesel. ... more that jet fuel and heating oil ... more than asphalt for roads, PVC, plastics, and synthetics ... its used in about everything we use! And, of course, transportation cost and adided material costs has to be factored into final products = inflation. And that is one aspect, and a big one. But it's really more complicated.

Oil also suffers from same supply chain issues, acquiring needed materials, the same lack of workers, and added production costs as well as hostile political atmosphere. It certainly isn't just turn a few valves and we have all the oil we desire. Many operators suffered huge losses when oil hit neg prices, crazy as that was ... some just didn't survive, other still in recovery. Yea, and it didn't help with oil leases you can't drill but that is more future issue even though it has to start today. I know the KXL and green lobby certainly hurting but is just part of picture.

I do find it strange they are looking at restarting idle refineries to lower gas prices when that has no effect on oil price/supply that determines gas price -- just can't produce more gas without more oil so seems silly ... but I'm not surprised, just dumfounded.