RE: Another Great Day14 Feb 2022 23:34
Trust me, prices were heading to $100 even before the Ukraine/Russia crisis.
Oil prices no longer look at events, more I would say strategies.
Future demand of oil is key here V supply.
Oil Prices ignored the withdrawal of 52 million barrels from strategic stocks and also ignored the concerns of covid.
Oil price collapse will occur if there is a major economic crisis and the volume of global demand collapses or decreases. I can not see this happening.
Let's try another ... there is a significant increase in the size of the supply. Nope not happening either.
I said 100 Dollar Oil was coming a long time ago....we are nearly there.
Russia /Ukraine will give a temporary drop if it calms down. Nothing will stop oil going all the way to the top now...200 $ ....300 $
Oil pipes an casing in America are scarce an prices of rigs are getting extremely expensive. Getting a crew is equally hard with most of the experienced workers now in construction. The other thing is, do not trust EIA data...this is very unreliable. Facts are, inventories are dropping.
7am RNS O'clock.... Set your alarms ...Plenty to of those boys to come.