Long Oil at Open
- Thread starter The Kin
- Start date
It's not gonna help repairs and some rigs will be evacuated at the very least. So even under the best case scenario, it's enough to cause further supply problems to an existing tight market.
plus oil has already falle significantly from its high.
The weather will already be priced in if you take the wait and see apporach.
plus oil has already falle significantly from its high.
The weather will already be priced in if you take the wait and see apporach.
..maybe it will turn into a 5 and hit houston --- then everyone will have to go back to the superdome as the astrodome is getting pounded. 
OK federal government --- get the next 50 billion printed up and ready.
OK federal government --- get the next 50 billion printed up and ready.
I'm far from an expert so correct me if I'm wrong.
Isn't OPEC already operating at peak capacity?
Plus Natural Gas season is just about to begin. A colder than usual winter is forcasted. Many states are introducing bills for the government to subsidize natural gas prices for the poor and middle class to prevent them from freezing in the winter.
Isn't OPEC already operating at peak capacity?
Plus Natural Gas season is just about to begin. A colder than usual winter is forcasted. Many states are introducing bills for the government to subsidize natural gas prices for the poor and middle class to prevent them from freezing in the winter.