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<blockquote data-quote="bacha29" data-source="post: 4891292" data-attributes="member: 58386">The Trumpers forget that just over a year ago oil was trading at $-35 a barrel. That&#039;s right negative 35 bucks a barrel. It takes time to restart production. Furthermore according to comments from industry analysts investment in drilling logistics and equipment is 300 million dollars under what it needs to be. And if you look at Chevron, Oxy. Exxon and others what do they all have in common. Over the course of the last couple of years they&#039;ve all cut they capex budgets.I never start my day until I turn on CNBC and watch the tape. Over the past week or so commodity prices are heading back down to normal levels. Jeb Powell made it clear. The current inflationary trends are in the opinion of the board transitory and they are willing to accept higher short term inflation as a trade off in exchange for improved employment..... and the market seems to agree.</blockquote>

[QUOTE="bacha29, post: 4891292, member: 58386"] The Trumpers forget that just over a year ago oil was trading at $-35 a barrel. That's right negative 35 bucks a barrel. It takes time to restart production. Furthermore according to comments from industry analysts investment in drilling logistics and equipment is 300 million dollars under what it needs to be. And if you look at Chevron, Oxy. Exxon and others what do they all have in common. Over the course of the last couple of years they've all cut they capex budgets. I never start my day until I turn on CNBC and watch the tape. Over the past week or so commodity prices are heading back down to normal levels. Jeb Powell made it clear. The current inflationary trends are in the opinion of the board transitory and they are willing to accept higher short term inflation as a trade off in exchange for improved employment..... and the market seems to agree. [/QUOTE]

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