Quote:
Originally Posted by wdmso
And the Market are responding to world events inflation and the coming end to zero interest not Biden
I know many people who were so High on the Market and how their 401k looked day to day! not taking the long view ..Many have taken a Serious beating some up to 100k in losses .. because they rolled the dice had everything in High risk and lost
and the easy Target is Blame Biden .. because the bought into the fantasy POTUS has power to control the Markets
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"if you have not used your current leases and have not sunk a well on those un used leased"
THAT assumes that the current un-used leases, are as productive as the leases not granted. You have no way of knowing if that's true. If oil companies could make money on current unused leases, they'd be doing so.
You can't win this argument. Oil pricing is speculative. Look at what happened to oil since Biden's first day.