Agreed on all points, including the Nuke thing
I am thinking that US oil production picks up in 5-6 months, the shale oil stuff had a high cost of production ~ $50/barrel but prices are well above that now and yes, Russia and OPEC colluded to keep it below that price. So, it should come back slowly although I suppose those producers are wary.
But yeah, I hope if someone is going out and buying a car today they would consider a future of high gas prices and proceed accordingly.
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In response to this post by Fatman)
Posted: 04/12/2022 at 11:15AM