Replies to post #732 on Occidental Petroleum Corp (OXY)

[fourdint]

In the rules of supply and demand, the only way prices going down is if supply increases or demand decreases. Demand not going to decrease any time soon and can expect it to go up as more and more people go back to office.and less work at home. For supply, it could increase but dont see any movement in that area. Some even say oil say oil could double from here ... $10 gas although less then 50% of oil becomes gas. Based on OXY earnings at this level, and it continues for an extended period of time, OXY is outright gold mine! But it is scarry how much OXY buffet owns for many reasons!