clr
Posted: Wed Jun 22, 2022 9:51 am
only thing green today
CLR should drift back to $70 because Harold Hamm will definitely pay that price if he is not out bid. He knows that it is worth a lot more.
Oil price seems to be bouncing back from "Fear of the Fed" this morning and Biden's new idea to suspend gasoline and diesel taxes is actually bullish for the fundamentals. Cheaper gasoline will keep more consumers on the road. It must be approved by congress and Nancy is against it. Even she knows that it is like putting a bandage on a broken leg.
Diesel shortage is the REALLY BIG PROBLEM.