Oil prices spiking and collaps-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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Emotional Investor
04:07

Oil prices spiking and collapsing terrible time to buy oil stocks right? Well let’s just look at two stocks $Chevron(CVX)$ and $Exxon Mobil(XOM)$. So both seem to be money machines regardless of the oil price, both have buyback programs and both have paid and increased their dividends for decades. So I just keep accumulating on dips.
The story is very different for goods and services stocks that are nice to have but not essential. Prices will go up when oil spikes. So will inflation. So your dollar buys less, a double whammy. Think stocks like $Home Depot(HD)$. Is now a great time to renovate?

# Oman Port Hit: Can Reserve Release Prevent Oil Spike?

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Emotional Investor
·10:21
Great article, would you like to share it?
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The panic was ignited by reports that Oman has ordered all vessels to evacuate its primary export terminal at Mina Al Fahal as a \"precautionary measure\". \nWill 400M barrel release be enough to prevent a spike to $150? As Oman’s \"safe haven\" ports evacuate, are we witnessing the beginning of a total energy embargo in the Middle East?","image":"https://community-static.tradeup.com/news/78217c8d2ad82ee5a30deab77f4dcec6"}],"images":[],"coverImages":[],"html":"<html><head></head><body>Oil prices spiking and collapsing terrible time to buy oil stocks right? Well let’s just look at two stocks <a href=\"https://ttm.financial/S/CVX\">$Chevron(CVX)$</a> and <a href=\"https://ttm.financial/S/XOM\">$Exxon Mobil(XOM)$</a>. So both seem to be money machines regardless of the oil price, both have buyback programs and both have paid and increased their dividends for decades. So I just keep accumulating on dips. \n<br>\nThe story is very different for goods and services stocks that are nice to have but not essential. Prices will go up when oil spikes. So will inflation. So your dollar buys less, a double whammy. Think stocks like <a href=\"https://ttm.financial/S/HD\">$Home Depot(HD)$</a>. Is now a great time to renovate?</body></html>","htmlText":"<html><head></head><body>Oil prices spiking and collapsing terrible time to buy oil stocks right? Well let’s just look at two stocks <a href=\"https://ttm.financial/S/CVX\">$Chevron(CVX)$</a> and <a href=\"https://ttm.financial/S/XOM\">$Exxon Mobil(XOM)$</a>. So both seem to be money machines regardless of the oil price, both have buyback programs and both have paid and increased their dividends for decades. So I just keep accumulating on dips. \n<br>\nThe story is very different for goods and services stocks that are nice to have but not essential. Prices will go up when oil spikes. So will inflation. So your dollar buys less, a double whammy. Think stocks like <a href=\"https://ttm.financial/S/HD\">$Home Depot(HD)$</a>. Is now a great time to renovate?</body></html>","text":"Oil prices spiking and collapsing terrible time to buy oil stocks right? Well let’s just look at two stocks $Chevron(CVX)$ and $Exxon Mobil(XOM)$. So both seem to be money machines regardless of the oil price, both have buyback programs and both have paid and increased their dividends for decades. So I just keep accumulating on dips. The story is very different for goods and services stocks that are nice to have but not essential. Prices will go up when oil spikes. So will inflation. So your dollar buys less, a double whammy. Think stocks like $Home Depot(HD)$. 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