President Biden stops oil in Alaska, and tweets about it
(twitter.com)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (39)
sorted by:
Such as? Not sure I can invest in Saudi Aramco.
The safest bet is probably an index fund like XOP.
Transocean, Schlumberger. Those are the only ones I can think of right now.
Both are close to the 52 week high, I'm not sure he's right on this.
But the price of oil can't go much higher without triggering an economic panic over inflation, followed by a recession and crashing back down because of it.
There's really not much gain to be had here, in my opinion.
Assuming you can profit without the government
seizing the means of productionnationalizing the petroleum industry for "national security".