@jimcramer how are you not talking about oil field service companies? Even when oil was dipping into the 70s they were raising prices. This may be the best moment in time ever for this sector. Especially is the republicans win midterms. The US has now become dependent on them!!!
@JoeSquawk I’m a fan but what a disappointing interview with White House advisor. Somebody needs to speak to this administration without kid gloves on. Price stability can’t happen when we are flying this close to the sun with energy.
@michaelsantoli Let’s take out the bias from the bulls and the bears for a moment. The largest SPR release in history by a significant margin will clearly have an effect. I know people want oil to disappear but you take 1 million barrels off the market overnight and tell me that’s no big deal.
@michaelsantoli you keep saying the oil market has been unwinding, you fail to mention that it has been artificially suppressed with our SPR release and the release from 30 other countries. Please explain how the oil crisis is unwinding or could it be that it’s just beginning?