forums

Off-Topic Stock Market & Crypto Discussion

Advertisement
Bird4um said:
Anyone have an opinion on RUMBLE?
Click to expand...
I own shares. Small position. But you can compare it to an early YouTube imo. However, in their merger agreement, I believe they can dilute after $16. I asked around earlier in the thread. The only issue i see now is that the $10 floor got taken away.
 
561caneforever said:
Why would you rely on Saudi Arabia at all?
Click to expand...

100%. Remember that in addition to the economic moron in White Horse waging a war on oil, he has also been very aggressive attacking Saudi Arabia and MBS specifically. And all of the attacks on OPEC really doesnt help, just the opposite, it shows those countries that we cant be trusted.

www.politico.com

POLITICO Playbook: Dems seethe over Saudi oil slash

And Herschel Walker faces another bombshell report.
www.politico.com www.politico.com
 
mr.h said:
Whatever the talking heads are saying, I think OPEC cuts are hurting us now. We need to think twice when the Saudis need weapons or any security help. Let them ask Putin.
Click to expand...

What exactly did OPEC/the Saudis do wrong? China is still trading with Russia, so is India, and so is Turkey, a NATO member. Should we sanction them too? Should we let Iran control the entire region? Oil is going to head higher, much higher, because of the administrations policies.

BTW, I would have thought D's would be happy, after all, OPEC is lowering their carbon footprint!!!

thehill.com

Energy & Environment — Biden officials weigh smaller offshore oil lease sales

The Biden administration is moving ahead with both offshore and onshore oil and gas leasing but is also considering smaller lease sales than what the Trump administration endorsed. Meanwhile, Calif…
thehill.com thehill.com
 
Jobs- 263,000-down but still strong
Unemployment- 3.5%-down
Of course the strong economy means more interest rate hikes. There’s something about trying to kill the ecomy in order to cut inflation that doesn’t seems right. This is just an economic cycle..remember supply and demand.
 
Last edited:
OPEC sees a world recession and cuts production. The Saudis are the worst human rights violators and were responsible for 9/11. They were never our friends. They chose to work together with Russia. We might as well buy our oil from Venezuela.
OPEC is nothing but a cartel. Of course everyone will say we needed keystone, but we have enough oil and gas to export to Europe.
Our economy is going to be strong into the end of year no matter what the Fed does…jmo
 
Last edited:
mr.h said:
OPEC sees a world recession and cuts production. The Saudis are the worst human rights violators and were responsible for 9/11. They were never our friends. They chose to work together with Russia. We might as well buy our oil from Venezuela.
OPEC is nothing but a cartel. Of course everyone will say we needed keystone, but we have enough oil and gas to export to Europe.
Our economy is going to be strong into the end of year no matter what the Fed does…jmo
Click to expand...
Man you have a lot of bad ideas.
 
Advertisement
So if we are creating jobs and wages are rising, are we really in a recession?
 
mr.h said:
Going against the OPEC cartel is a bad idea? And you would……
Click to expand...

Its not really our battle, we dont import much from OPEC anymore. It hurts China and Europe way more than us.

And we could be completely energy independent, if our government wasnt so economically illiterate.
 
SpikeUM said:
Its not really our battle, we dont import much from OPEC anymore. It hurts China and Europe way more than us.

And we could be completely energy independent, if our government wasnt so economically illiterate.
Click to expand...
But it’s helping Russia. In regards to energy independence, the oil and gas companies want to export. Do we make it illegal to export? Europe is facing energy shortages which will eventually lead to a world wide recession. Just my thoughts.
 
SpikeUM said:
Since 90% of options traders lose money, I would say that is not a bad ratio at all. Do you think we break through support now?
Click to expand...

Sure feels like it. But that's when I am usually wrong. But I am not playing it, I am range trading the $365-$395 Oct and Nov SPY puts intraday. Some XOM puts too here and there.
 
Advertisement
mr.h said:
But it’s helping Russia. In regards to energy independence, the oil and gas companies want to export. Do we make it illegal to export? Europe is facing energy shortages which will eventually lead to a world wide recession. Just my thoughts.
Click to expand...

China and India are buying from Russia too, as is Turkey and many other countries. The key point is that we could have way more domestic production, but we are intentionally tying one hand behind our backs. Blaming OPEC is a scapegoat for our own stupid policies.

What is really ominous is that we arent anywhere near peak oil prices, just wait until China opens up again, we replenish the SPR, supply continues to drop from older wells, etc. etc. Probably from '24 on we are living in $150+ oil.
 
Back
Top