Tag Archives: AOC

$120 OIL – WHAT A BEAUTIFUL SIGHT :)

MARCH 5, 2022 – Just two years ago oil futures traded negative for a day and the tree huggers said oil was dead. Of course, I disagreed and predicted we would see $200-$300+ oil in this next cycle.
The first super cycle lasted about 120 years and saw a peak around $150 and then a drop back to where it all began in the early 1900’s.
A new super cycle began in 2020. This should take us to all-time highs and also end the history of oil. At the end, oil will likely trade for $1 as no one will be using it. ((see the history of aluminum prices in the 1800s – In the mid-1800s, the first aluminum ingots on the market went for $550 per pound. Fifty years later, not even adjusting for inflation, it cost 25 cents.))
I am not saying we will see $200+ in this current up move. It will more likely occur a decade or more into the future. This next cycle should last the remainder of this century.
Someone, please let AOC know what the price of crude is today:)
For those of us that own Exxon Mobil and other Big Oil and mineral companies, life is soooo sweet. Thanks to the climate change Fake News people for driving prices sky high. Sadly, they just hurt the poor with their stupid green agenda.
An ending fact….The Keystone XL pipeline will send the USA over 800,000 barrels of oil a day. We buy 595,000 barrels of oil a day from Russia. Thanks to the USA and Europe for funding Russia’s war in Ukraine! As an aside, I reviewed an appraisal of the Keystone XL pipeline and not a single landowner (!!!) complained about the pipeline going through their property. Only the climate change Fake News people complain.
Viva La Crude!
Shalom,
The Mann