Drill, drill, drill

Posted by BLee > 3 weeks ago | Report Abuse

“This time, he has again vowed to cut regulations, particularly as a way to help the American car industry. He has constantly attacked electric vehicles, promising to overturn Biden's targets encouraging the switch to cleaner cars. He has pledged to increase production of US fossil fuels - vowing to "drill, drill, drill" on day one in favour of renewable energy sources such as wind power. He wants to open areas such as the Arctic wilderness to oil drilling, which he argues would lower energy costs - though analysts are sceptical.” From: https://www.bbc.com/news/articles/cev90d7wkk0o Remember the negative oil price? Will it happen again? Will see the effect after 20 Jan.,2025 Happy Trading for the coming week and TradeAtYourOwnRisk

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1 comment(s). Last comment by BLee 3 weeks ago

BLee

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Posted by BLee > 3 weeks ago | Report Abuse

“Refining throughout China is set to decline further for the last quarter due to sluggish profit margins and fuel consumption in road transport….Saudi crude exports to China fell 10.8% to 59.52 million metric tons (1.58 million barrels per day) in the first nine months this year from the same period a year ago, Chinese customs data showed”

From: https://klse.i3investor.com/web/blog/detail/kianweiaritcles/2024-11-11-story-h473801373-Saudi_crude_oil_supply_to_China_to_fall_in_December_on_weak_demand

One side “Drill, drill, drill” and the other side “EV, EV, EV”; hopefully the market will be flooded with “Crude, crude, crude” and consumers will “Clap, clap, clap”...

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