Facts we know.
SPR is to be filled by Trump's declaration.
Everyone is in debt from low oil prices.
There will still be disruptions.
No one now wants to increase oil output to force it below a reasonable manufacturing base cost.
I don't think countries will take kindly to threats of tariff's and imports are a regular way of life.
Price might go up, it might go down.. either way the rollercoaster ride hasn't finished yet.
I remember when I was at school, we were told that we would run out of oil about 10 years ago.. yet here we are.
SPR is to be filled by Trump's declaration.
Everyone is in debt from low oil prices.
There will still be disruptions.
No one now wants to increase oil output to force it below a reasonable manufacturing base cost.
I don't think countries will take kindly to threats of tariff's and imports are a regular way of life.
Price might go up, it might go down.. either way the rollercoaster ride hasn't finished yet.
I remember when I was at school, we were told that we would run out of oil about 10 years ago.. yet here we are.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.