#Oil #oilprices #energy #YahooFinance
The Energy Word Founder Dan Dicker joins Yahoo Finance Live anchors Julie Hyman and Brian Sozzi to discuss oil and energy market swings as China expands its COVID-19 lockdowns to cinemas and gyms.
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10 Comments
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When you calculate the loss,. Do you calculate the increase in price?
Putin wallet will not be hurt, the people of Russia are the ones hurting
There’s only so much you can push onto consumers. People are also buying in bulk if they can.
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As somebody that worked in the oil industry for 40 years, he talked a lot of sense. Only thing I would add is that the US will be adding to supply over the coming months into next year. Expect the Yanks to add somewhere north of 1,000,000 bbls. So, as he noted, it's a complicated scenario. I'd almost be guessing not to see the price change much with all that is going on. But, history teaches us that oil price forecasts are far less accurate than winter forecasts in Chicagoland! So, don't be surprised if they off!
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What's crazy is that all these countries are pushing this narrative that they can give up Russian oil and still survive…if that is the case, then why were they buying Russian oil to begin with? You know what they say…when you go to dig a grave for your enemy, dig two…one for them and one for you. These countries that depended on Russian oil will also be greatly affected by these bans on Russian oil. Joe Biden is leading the WORLD into a crisis. Nothing this man has done since taking office has worked out successfully, yet these people continue to follow him down this path…I feel sorry for them and for us!