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Energy stocks getting slammed
Posted: Wed Jun 29, 2022 10:20 am
by Fraser921
For some unknown reason
Eia numbers were supportive to oil
Market up
Oil up
Ng up
Stocks slammed ??
Re: Energy stocks getting slammed
Posted: Wed Jun 29, 2022 12:28 pm
by dan_s
There is just a lot of "noise" that has the oil day traders confused. This world is still short oil, gas and NGLs.
Re: Energy stocks getting slammed
Posted: Wed Jun 29, 2022 12:57 pm
by Roadster
Just amazing the 2022 Oil production numbers:
US oil production hits a new pandemic-era high, 12.1 million barrels per day...
The U.S. Energy Information Administration (EIA) forecasts that U.S. crude oil production will average 11.9 million barrels per day in 2022 and 12.8 million barrels per day in 2023, which would surpass the record average production of 12.3 million barrels per day set in 2019
What exactly is Biden's problem with the Oil Industry ????
https://twitter.com/DanODonnellShow/sta ... 8033438720
Joe Biden in 2020: "No more subsidies for the fossil fuel industry. No more drilling including offshore. No ability for the oil industry to continue to drill period. It ends."
Re: Energy stocks getting slammed
Posted: Wed Jun 29, 2022 1:23 pm
by Fraser921
He has dementia so he has no idea what he is doing. He is a crook that used his family for payola.
The problem is his left wing handlers, the guy in the Easter bunny outfit, the dope that has to tell him when to stand and sit. The left wing wackos and the Secretary of Energy who is clueless
They have been hammering Energy since day 1. Now when the shit hits the fan, it's big oils fault
I also believe he doesn't give a damn to impacts to so called "Red states"