Oil hits seven-year high. Administration is monitoring the situation. Will release the kraken in February (just two weeks from now); March, just six weeks from now. Wow, no matter what the stock market does, the oil companies are going to make a lot of money. Let's see. WTI at $85; EOG breakeven at $30; covers their dividend at $36. WTI trading at $85.85.
And this is pretty funny: BlackRock knows it.
I wonder if DC will reverse the judge's ruling that ended lease sales in North Dakota.
I wonder if DC will re-permit all those pipelines.
Glad to see the Biden administration is on top of this, "monitoring the situation." LOL.
Don't you just love this political theater?
I was reviewing some of my posts from the Obama era. Amazing how often I was wrong.
And, so it goes.
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