IGV: Did OPEC+ Just Kill The Tech Rally? Michael Fitzsimmons -- April 3, 2023

Locator: 44298B.  

Updates

Later, 10:59 p.m. CT: Janet Yellen says the "surprise cut" is "an unconstructive act."

• was it constructive when President Biden said very, very clearly: "no more drilling"?
• is it constructive when President Biden does everything he can to shut down US oil sector and then asks the Saudis to increase their own production?
• was it a constructive when Biden precipitously and prejudicially killed the Keystone XL pipeline on his first day in office?
• was is constructive when President Biden said "no" to COP's 5-well drilling program in the Willow Project?
• was it constructive when Biden released record amounts of oil from the SPR for purely political reasons?
• was it constructive to gaslight Americans when he said the administration would start refilling the SPR this year?
  
• the list goes on.

If the Bakken was shut down tomorrow, would anyone notice?

• the OPEC+ "surprise cut" is about one million bopd, less than what the Bakken produces daily.
• everything I read suggests analysts are "sour" on the Bakken
  

Original Post

If you have time for just one article this week, this is the article I would recommend, if you are an investor in US equities.

Link here.