marine2
963 posts
msg #160283
- Ignore marine2 |
4/14/2023 3:23:27 PM
Does anyone think it’s time to invest in the oil and gas industry again? We know it’s been down since Biden’s administration has tried hard to push us all to solar and wind products. The electric car is being shoved down our throats in such a way that we know our electric grid just can not handle the rapid rush of electric car battery charging it would take. Plus, once a new administration comes into power we should expect fossil fuel products should once again come to the fore front.
With this in mind, what companies stand to gain profit wise to a more positive action a new administration would have in regards to fossil fuels? Any ideas?
Thank you.
|
snappyfrog
728 posts
msg #160284
- Ignore snappyfrog |
4/14/2023 3:30:40 PM
I am not an investor. I do lousy at predicting long term moves, therefore I only swing trade.
I watch for major news like 2 weeks ago OPEC+ said they would cut production by 1 million barrels / day and Russia tacked on another 600k / day.
Look at the profits in the Oil / Energy sector. Great swing trade profits in the last 2 weeks!
|
marine2
963 posts
msg #160285
- Ignore marine2 |
4/15/2023 12:43:05 AM
Thank you Snappy for your input. Good luck on your swing trading.
|