I am amazed at the ignorance of the average US investor regarding petroleum stocks. Do they know the difference between an oil company and a refiner? Apparently not. When the price of oil drops, the oil producing companies take a hit on future revenue. But the refining companies, who buy oil, see a drop in their feedstock costs. Companies like $VLO, $CVX, $MPC, and $PSX, actually benefit from dropping oil prices.
@VividProwess Three things - 1) Cushing oil volumes are down to the tank bottoms. 2) Summer vacation season is upon us and gasoline prices are painful. 3) Mid-term election campaigns will begin in earnest in a few weeks.
@PpollingNumbers Yes, many of us are not happy with some of Trump's actions in the last 6 months, but giving the reins back to the Democrats would be imbecilic.
@SecKennedy@SecRollins The Paleo Diet was published over 20 years ago. And our poorly trained doctors never got on board despite the massive evidence. I guess they finally watched South Park and decided that Cartman was right all along.
The $WTI strip pricing through Sept-2026 is above $75, and "investors" are selling the $XLE member companies as though oil were at $45. What a bunch of clowns.
@KimDotcom And yet 97.54% of American Citizens did NOT protest against President Trump. No Kings advocates are a bunch of cry-baby losers that do not understand the world and reality we live in.
Since Trump took office Jan 20th, 2025 until today, the US markets sit at the following levels:
S&P 500: ~6,477 vs. ~5,997 → up ~7–8%.
DJIA: ~45,960 vs. ~43,488 → up ~5–6%.
Nasdaq Comp: ~21,408 vs. ~19,630 → up ~9%.