$100 oil

[SlugSlinger]

We are getting close! Analyst are saying $150 is a possibility.

And Buydene is saying he needs to refill the strategic oil reserves. That he drained by the way to the lowest level in history. Sounds like a lot of investors I know. Sell low buy high.

 

[caliberbob]

I hate Biden

 

[Judi]

Look for $200 + by next year...


Big mike will save us, getting his jock strap on now....

 

[JD8]

Can't tap into the reserves, already exhausted that trick...... so this is gonna be fun. Hope it hits $150 next year before the election.

 

[SlugSlinger]

 

[caliberbob]

Now let’s see gold stocks make a run!

 

[mtnboomr]

 

[Buddhaman]

Working in the oil industry… this is slightly concerning. Business goes up as customers buy more equipment but gas prices go up which hurts everyone.

 

[cowadle]

will he refill the S.O.R. with american or foreign oil? or will he even attempt to refill it? my guess is he will continue to defecate on american petroleum and buy foreign wind solar and Nuke. watch the belt and road initiative closely. they have already stated that there is no way for the dollar to exist in this initiative.

 

[Chuckie]

will he refill the S.O.R. with american or foreign oil? or will he even attempt to refill it? my guess is he will continue to defecate on american petroleum and buy foreign wind solar and Nuke. watch the belt and road initiative closely. they have already stated that there is no way for the dollar to exist in this initiative.

The SOR has been filled with foreign oil since probably the '60's because that's when it started to become cheaper to import oil from OPEC than to produce our own, even with the cost of overseas shipping added in. Comparatively speaking, we explore and have found a lot but actually produce little (thanks environmentalists).
I don't know if the SOR has ever actually been topped-off, but it certainly won't be at today's prices.