Investor and corporate confidence to invest is key, whether you classify that as emotional or not is not relevant. If there is no incentive to invest in local capability and high confidence any investment will be met with pushback, companies will look elsewhere. I agree with the fella on linkdin.
Just hedge and buy oil stock. Simple
I read an article that claims it costs about 30.00/barrel for the Ruskies to produce.And about a mere 3.00/barrel for the Saudis.Of all the Opecker countries,Venezuela has the largest known reserves,with Iran and Saudi Arabia not far behind.Parts of Africa are supposed to have discoverable reserves of trillions of barrels.These came from those”Pocket”articles,who knows?
Is it beer thirty yet? 
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I imagine all the politicians are selling their pharmaceutical stock and are buying petroleum stock now.
“I read an article”
I so believe in this statement as part of honest discovery to look for answers.
Problem is there is so much shite spewed out there it’s hard to filter the shite some here that constantly to bouster their opinion without understanding the whole collective of us a whole
Apparently the powers at be like the revenue of confertation of viewer ship. A slap here and there
Sounds like what the gov does.
I do not feel sorry for oil companies.
In the years prior to the 2008 economic crash the oil companies were reporting record profits. It wasn’t just 1 quarter either. It was record quarter after record quarter for about 3 years time. We’re talking billions and billions of dollars for several years. Maybe they should of saved some of those $$$$$ for a rainy day like us citizens are supposed to.
I do not feel sorry for oil companies.
In the years prior to the 2008 economic crash the oil companies were reporting record profits. It wasn’t just 1 quarter either. It was record quarter after record quarter for about 3 years time. We’re talking billions and billions of dollars for several years. Maybe they should of saved some of those $$$$$ for a rainy day like us citizens are supposed to.
That was 14 years ago. How many “rainy days” between now and then? I don’t know if you know much about the oil and gas industry, but it’s all about investors and returns for investors. With the push for alternative fuel sources, it’s a hard sell. Why would they put money into adding infrastructure? Especially when government shuts it down before it even gets to turn a wheel? Example: Keystone/XL pipeline.
I imagine all the politicians are selling their pharmaceutical stock and are buying petroleum stock now.
No silly. They all bought oil stock before giving putin the green light to invade.
<div class=”d4p-bbt-quote-title”>maddogg wrote:</div>
I imagine all the politicians are selling their pharmaceutical stock and are buying petroleum stock now.No silly. They all bought oil stock before giving putin the green light to invade.
😂😂😂😂😂😂😂😂😊😂😂
<div class=”d4p-bbt-quote-title”>maddogg wrote:</div>
I imagine all the politicians are selling their pharmaceutical stock and are buying petroleum stock now.No silly. They all bought oil stock before giving putin the green light to invade.
If they were really smart, they would have bought oil stock after they shut down the economy when oil was $20/bbl.
If they were really smart, they would have bought oil stock after they shut down the economy when oil was $20/bbl.
Wish I would have too…
I can tell you this the oil companies and refineries are making much $$$$ right now. The poor retailer catches all the grief and complaints for the smallest profit.
My 401k is fairly diversified with natural resources a fair portion of it. I probably should have shifted more back to it sooner seeing this coming. I forget the % of my investments but I think its fairly high. I should almost shift away from them now because the price is so high. Im not very good that this stuff though LOL
Just paid $3.48 at Costco and felt like I was getting a deal…gas is higher than Hunter Biden after that Ukrainian energy company check comes in! 
(just a joke, settle down)
$3.37 at Sams Club
3.949 for the cheap stuff out in Cokato. Ahh, just like the good ole days.
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3.949 for the cheap stuff out in Cokato. Ahh, just like the good ole days.
I remember the last time it was this high and just the thought of filling up my boat with its 41 gallon tank gave me heart palpitations.
Dow up 747.79 this afternoon after oil plunges more than 13 percent !
Wonder what is driving oil going down? Havent seen any reports of increases in Production. You just know that gas prices will not be as reactive in the downward trend as upward.
then there’s this
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Wonder what is driving oil going down? Havent seen any reports of increases in Production. You just know that gas prices will not be as reactive in the downward trend as upward.
The oil market has been stretched incredibly thin, with few producers willing — or able — to replace Russian barrels banned by the United States and shunned by others. Enter the United Arab Emirates, which suggested it may be coming to the rescue.
The UAE’s ambassador to Washington, Yousef Al Otaiba, told CNN Wednesday that the country wants to increase oil production and will encourage the Organization of the Petroleum Exporting Countries (OPEC) cartel to ramp up supply.
Oil prices seem to always be based on speculation of what’s to come. As far as I know, we hadn’t experienced an actual shortage to justify driving the price up. UEA steps in and prices dip before any additional oil is pumped. Another point, I don’t think the UAE is doing it to be helpful. High oil prices are not necessarily in their best interest. High prices mean ramped up production in North America which cuts into their business.
This is stressing me out. I think I’ll just bury my head in the sand, AKA enjoy a high ABV IPA. I’ll sober up when it’s all over.
Saw today that Taco Bell is the only place you can still get gas for $1.39
Paid 5.01 this morning for diesel. 75 gallon tank. Ouch that hurts. I stopped the pump at 220
Saw today that Taco Bell is the only place you can still get gas for $1.39
LOL good one
Here are some tips to live by.
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A group of 6 state governors (including Walz) has proposed removing the federal gas tax for the rest of 2022. That’s 18 cents/gallon.
The problem with removing this is that federal gas tax pays for the upkeep and replacement of roads, bridges, sidewalks, etc. So if we get rid of that, where is the money to fix and maintain infrastructure? Its a weak solution to a big problem right now.
I hate paying this just as much as the next guy, but if it means helping out Ukraine for a while, so be it.
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