Strategically:
- Mexico will begin to phase out crude oil and refined exports this year and end all such exports in 2023;
- China is likely to halve their fuel export quota; keep more at home.
- US will mandate that more be kept in the ground (forever); and release reserves from the SPR to sell to China and India.
My hunch: the Brandon team is using the "heating water on the stove / frog on a log" theory to gradually raise price of gasoline in California to expedite transition to EVs.
This seems to be a huge win - win for investors.
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UNP
Wow. From Zacks.
And after all that, Zacks still rates UNP as a "hold." What am I missing? Waiting for a pullback to buy on the dip?
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