Replies to post #15440 on Viewer's Choice

[littlejohn]

Russia and Iran can cut off oil to India

being sold so cheap below market...

And let them buy the higher priced

oil at market price...

Since U.S. may have a president from

India soon that may have helped the

cheap oil price loophole go to India...

then China could scoop up oil cheaper

with their economy needing help...

Moving the cost metric away from the

pre designed choice of the current

leadership can be effective also...



so we watch...LJ

[littlejohn]

Dem power money shorting oil over night

may create buying chance in oil

sector companies if low prices hold...

Re-election of Dem leadership very soon

could renew wars for 3 or 4 more years...

A buyer of oil companies on the dip could

dump them if Republicans had surprise win...

Barely over a half a day's supply of world oil

demand floating in storage is backgrounding

for the big overnight drop in oil price if any small

oil supply disruption happened...

2.69/gallon for gas and around 3.29/gallon

for diesel at pump is nice buying area but

hard to count on low prices holding after

the X-mas holiday price scheme ends...

Hyper inflation driving up prices slowing

has not lowered prices, so x-mas spending

could still be challenged even with the

annual holiday, low gas pricing scheme...


So we watch...LJ