Replies to post #7075 on GulfSlope Energy Inc (GSPE)

[smith199]

‘Biden Administration to grant Chevron license to pump oil in Venezuela, where dirty oil is name of the game’

Venezuela has thick, dirty, gooey, sludgy oil.  One of the few places left to refine this low-quality dirty oil is on the US Gulfcoast, which is the exact reason China has not bought it all up.  At least Joe is okay with the U.S. chasing after oil no one else wants.

https://mustreadalaska.com/leak-biden-administration-to-grant-chevron-license-to-pump-oil-in-venezuela-where-dirty-oil-is-name-of-the-game/



Hola, el Mucho Lurko.





Mrs. Smith

[spec machine]

It really is almost incomprehensible how poorly our “leaders” are dealing with a number of situations and events as they stumble over themselves to profit and retain power

Meanwhile, crude markets are whipsawing on China/covid headlines which are clearly a “big fear” factor for global crude demand projections

WTI crashed to $74 yesterday and might hit $80 today, currently $79 on December contracts

Nat Gas creeping back up into the low 7’s, currently $7.35

Distillate inventories are below normal and prices are already adding to demand destruction pressures

I hesitate to point out something that hasn’t happened yet to GSPE, lest I get my ASK handed to me on a silver platter

But it’s there to (not) see on the tape, zoom out

Inertia …… with a big share number on it

Know when to hold them

Even the crickets are quiet

spec