fine, disrupt the oil production of the middle east. We'd be better off jumping back on the nuclear deal and asking Iran to ease production.
Why not investigate the backdoor deal between Saudi & Russia to "blow up negotiations" instead? There's two producers whose supply you could disrupt w/sanctions.
"We're" not gonna do anything doo-doo. What do you think will happen when Russia uses its little bitch state called Iran, or Iran acts on its own.... and sinks an oil tanker in the Straits of Hormuz? Think oil won't spike then? Trust me, it will.
OK added my last play on OIL today UCO and SSL. Set and forget. Non oil plays are tougher to grab since really hard to forecast and the consumer staples are already up there in price given the move to acquire them in this downturn. Not a bad portfolio to sell calls against either with vols so high.
Fed started buying equities yesterday....wonder how much impact that's having. I meant to go in at the dip but chickened out. A few companies look pretty good at this point (Amazon, Alibaba, Walmart/kroger obviously). I remain pessimistic.
Holy Crude Oil Batman! Just a start but at least it forms a base for now and gets away from $20. By the way.....curious why Saudi Arabia consists of a bunch of earth handed them wealth and they are toos tupid to do anything smart assholes? Saudi Arabia will continue to supply a record 12.3 million barrels per day (bpd) to the oil market in the coming months, as per order from the energy ministry, the official Saudi Press Agency reported on Wednesday. The Kingdom is intent on unleashing growing crude oil volumes on the market, aiming to significantly boost its crude oil exports to a record-breaking more than 10 million bpd in May. You cannot bomb a country back to the stone age when they never left it...