Oil

To the moon!

Oil keeps climbing this is not a surprise, could hit all-time highs this year.  I think a smart investor should buy right now.

Oil to skyrocket at some point just don't know when and what the ceiling will be.

When I hear "to the moon" I think meme stocks.

Please stop w the nonsense.   I've been a successful oil investor even in turbulent times.  Here are the 2 elementary things  you need to think about w oil investing..  supply  vs. Demand 

IMHO , demand will continue to improve for the foreseeable future.

More importantly,  demand will remain constrained due to the foolish decisions of the Biden administration to restrict oil/gas drilling on federal land and the assault on oil drilling in general.

What most people don't realize is that fossil fuel is a necessary part of our future energy source.

Profit from it while the current administration tries to put it out to extinction 

*supply* on that last point

You obviously know more than me but considering the spike in oil I honestly think it will keep going higher.  

 I bought a bunch of XOM during the crash about 18 months ago......& just sold it last week. I should've held til summer. 

I am very concerned about the price of gas, 4.19 a gal where I am. My measly Toyota swaallows this stuff like it's running water. If it hops over 5 we are in doggy doo doo.

Just paid 3.89 for regular gas at my local gas station.  I would like to pay 2.89 and I really hope the price of oil drops this week.  I will be following the stock market this week and will post an update in this thread from time to time. Oil is a heavily traded commodity and may drop in the near future.

Thinking oil can go to 200 to 300.  What say you? 

https://oilprice.com/Energy/Energy-General/The-NOPEC-Bill-Could-Send-Oil-Prices-To-300.html

Not looking good for drivers $200 oil would be catastrophic. $300? State of emergency.

@FredLeonard

 110 per barrel today WTI.  Friday the 13th, 2022.

To the top

Paid $4.59 today for the cheap gas lol 

June 6... 2022...  price oil wti 118 range.

June 6... 2022...  price oil wti 118 range.

WTI Crude to hit $120 by 4:00pm Friday 6/10

 1.92x

6/14

Oil positive by 4:00PM EST today

45,000,000,000x

Oil dropped big on Friday

This dramatic price shift signals

Opec is raising production.

They are convening to determine oil production levels.

Trading WTI is hard! I hope it keeps going down I cannot afford expensive gas

NG1 today - price $9.17

Simmering down.  Now what?