Aug. 2 at 2:26 PM
$XOM $XOP $B $NTR $URNJ
SPR’s have been drained about as far as they can go.
Will Trump push it down to 200 million barrels?
I mentioned years ago that WTI
$100 would be cheap.
I’m still saying the same thing.
As move into the 2030’s, I still believe we will see
$300+ oil.
Commodities are cheap.
Hard assets are cheap.
Financial assets have peaked.
Precious metals, uranium, oil/gas and food producers. This is where my money will remain.
https://wolfstreet.com/2026/07/31/spr-gets-drained-to-dump-crude-oil-on-global-markets-us-exports-of-crude-oil-petroleum-products-spike/