Thread: Fuel Oil
View Single Post
Old 04-10-2022, 09:30 AM   #11
John Mercier
Senior Member
 
Join Date: Jun 2021
Posts: 2,983
Thanks: 2
Thanked 529 Times in 435 Posts
Default

None of those did anything... again... learn to be an investor rather than a political analyst.

The oil from the tar sands enters the market through western Canada, no fracking has been restricted on a federal level, all leases are certain... but not being used due to labor and equipment issue, and the ANWAR leases were only bid on by two groups... neither of which has ever produced one drop of oil from the ground.

US oil refiners are at historic capacity utilization...
As an investor, I only need to listen to the people that want to use more complain, but not change their habit to know that bidding up oil futures is a profitable play both in crude and distillate.

https://www.eia.gov/todayinenergy/detail.php?id=51338

The next thing I am looking at for investment is things affected by drought in the American West and lost crops due to the Ukraine situation.
John Mercier is offline  
The Following User Says Thank You to John Mercier For This Useful Post: