Biden will take credit for the slight drop but Americans aren't prepared for where the price of gas will be when the US, EU and China come out of a recession. $10/gal is a certainty with his EPA attacking the Permian Basin and his destruction of offshore drilling. When demand ramps up, just watch how much gas skyrockets.BaylorSpineGuy said:
Yeah, this has been my argument. When the oil companies lost their 50 day MA's, I became more bearish on that front.
I'm not very familiar with commodity futures but I'd be interested in buying calls/leaps on the price of gas if that's a possibility. I could see that as a huge opportunity to make a crap ton of money.