$DR0 remains a very cheap oil stock at ~3X 26 EPS. Might appear that you missed it. But much of the run-up was due to their stake in $ALM, most of which is now a realized gain.
@JamesHMackay Bitcoin requires an indirect 1% energy cost to maintain the security of the network. Too high. Will ultimately fail. Could become more onerous in a couple decades
$SOC the rationale of the DPA order is real. Even the California politicians aren't this dumb. The oil will keep flowing. Monday will produce positive court rulings
California is about 4 weeks away from running out of jet fuel and diesel.
The issue is that there is no pipeline setup to get these fuels to California from other parts of the USA.
There are simply not enough tankers arriving in California to meet current demand.
The Strait of Hormuz is reducing oil supply and certain areas of the world without their own refineries are losing access to fuel.
Remember, there are always signs...
Watch Michael Saylor freak out when questioned about how bitcoin:native "treasury companies" like $MSTR are going to compete over shrinking private credit liquidity.
"It's an ignorant, insulting, myopic question."