People talk about the Russian

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badumdum
2022-07-13

People talk about the Russian war as the cause for supply issues. Russia contributes just 13% of global oil supply. Oil prices on the contract front are elevated not because of demand and supply. Look at the futures contracts. It is the main speculation that has created the bubble. Oil is at stage 3 decline, just one step away from kamikaze stage 4. I'm still not sure why Buffett is buying OXY at such a height. I'd like to think that he knows more than all that the price action is showing right now because if he is wrong, it ain't going to look pretty on Berkshire's price too.

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LMSunshine
·2022-07-13
Thx for sharing 🤗
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ATH
·2022-07-13
ok
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munmunmia
·2022-07-13
G
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wowk
·2022-07-13
wow
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Hayleyxn
·2022-07-13
ll
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LIUW1204
·2022-07-13
好
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Deskok
·2022-07-13
ok
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堕落随心
·2022-07-13
[微笑]
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Melodyyyyy
·2022-07-13
Thanks.
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soosoo
·2022-07-13
noted
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longLong
·2022-07-13
[财迷]
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Shot
·2022-07-13
yes
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113071z
·2022-07-13
a
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Low Jun Quan
·2022-07-13
a
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Slee49
·2022-07-13
OK
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- Slee49:
  OK
  2022-07-13
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wowk
·2022-07-13
wow
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vimmu
·2022-07-13
great
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LittleChive
·2022-07-13
[Strong]
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bernardtayet
·2022-07-13
Agreed
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