They say $300 oil a possibility if supplies are shut down from Russia!!

S

S2007S

They are talking $300 oil if governments follow through on threats to cut energy supplies from Russia.

If this happens expect a world wide depression. There will be no such thing as a recession as literally the world will sink in a complete depression based off total geopolitical differences and consistent tensions. Seems there is nothing that can stop this at the moment, there will be world wide inflation and nothing the central governments can do. Every hour that goes by is another missed opportunity to put this fallout of these geopolitical tensions to rest. It seems to late now to reverse any damage. Hopefully the world is ready because it's going to be a situation that most aren't ready for.



https://www.reuters.com/business/en...per-barrel-oil-cuts-eu-gas-supply-2022-03-07/
 
S2007S said:
They are talking $300 oil if governments follow through on threats to cut energy supplies from Russia.

If this happens expect a world wide depression. There will be no such thing as a recession as literally the world will sink in a complete depression based off total geopolitical differences and consistent tensions. Seems there is nothing that can stop this at the moment, there will be world wide inflation and nothing the central governments can do. Every hour that goes by is another missed opportunity to put this fallout of these geopolitical tensions to rest. It seems to late now to reverse any damage. Hopefully the world is ready because it's going to be a situation that most aren't ready for.



https://www.reuters.com/business/en...per-barrel-oil-cuts-eu-gas-supply-2022-03-07/
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Russia is not the only oil producer in the world. The closest major oil producer to United States is actually Canada. Shouldn't have shut down the Keystone XL pipelines, Biden!!!
 
TheDawn said:
Russia is not the only oil producer in the world. The closest major oil producer to United States is actually Canada. Shouldn't have shut down the Keystone XL pipelines, Biden!!!
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Trudeau is anti-Canadian oil industry and would rather buy foreign oil than support Canadian oil.
 
I am pretty bullish on CL given the Weekly chart is in short squeeze mode + we have the war catalyst, but even $300 seems a little extreme to me. That's nearing levels that would potentially mean we're in or on the verge of hyper inflation. Certainly possible though. I just continue to follow the charts and still expect this week to end at or near the highs of the weekly candle.

If there's some great solution that comes out of Ukraine/Russia than I'll back off on looking to trade it intra-day and being so bullish(because it is so overbought that when the pullback comes it's going to be brutal and swift). Otherwise keeping it on my list.
 
zghorner said:
people claiming $300 oil makes me feel like the top is near lol.
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You can always throw down some shorts and find out :sneaky: lol. Well to be fair some people at $110 CL thought it was over done... and if they were going for long term short they already have been squeezed up to $20.00 per contract.

I pretty much strictly trade my objective charts and don't care if everyone agrees with me or no one does (although If I could choose, I would prefer no one agrees kind of like you're saying).

But yeah completely understand what you're saying.
 
Concinnity said:
You can always throw down some shorts and find out :sneaky: lol. Well to be fair some people at $110 CL thought it was over done... and if they were going for long term short they already have been squeezed up to $20.00 per contract.

I pretty much strictly trade my objective charts and don't care if everyone agrees with me or no one does (although If I could choose, I would prefer no one agrees kind of like you're saying).

But yeah completely understand what you're saying.
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Naaaaah I’ll be sure to let it start heading the other way before I do something silly like that.

I just truly believe that so much of these analyst’s calls are nothing more than shills for smart money trying to manipulate retails into absorbing their positions when they offload them.
 
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