Here is a prescient oil DD made a year ago for those of you with good reading comprehension

For everyone else u've got me, Robbinhood69, here to explain to you how we're going to force CNBC to call OXY a meme stock coz of how much fucking money we might make, or lose, on this name

https://preview.redd.it/5r09zek6g8091.png?width=1918&format=png&auto=webp&s=ff25120d2ad43be11f2d3d0c642b226e26551855

I mean NOPEC ? Are you fucking kidding me ?

It's not just US that are completely putting their head in oilsands btw, Brasil's president had some choice words about oil companies price gauging too

https://preview.redd.it/qc1s2ekcg8091.png?width=1106&format=png&auto=webp&s=db318d8242a8860645392972c99b3985be3d4a70

Blaming companies for making money isn't going to help supply

Mind you this is with China shut down and with Russia still pumping oil to Europe

https://preview.redd.it/n9btwfifg8091.png?width=1160&format=png&auto=webp&s=3ef042015b582c2b001155a754bd54576e339b80

Every single piece of data you can find on the topic makes it very clear we are running toward the edge of a cliff. IMO the only way through the inevitable supply crisis is some sort of gas stimulus, at the moment the average American consumes 500 gallons of gas a year and average price has gone up from 3.27 to 4.56 in 6 months. Average salary is 50k, so that is 1.3% of people's money, at some point people will start demanding wages to go up which is going to make wage/price spiral worse. In a way, it's going to make sense to subsidize gas to stop energy from contributing to wage/price spiral. But even if it didn't make sense, it's an election year and politicians are going to want an excuse to give shit away

And I mean we're already seeing different forms of gas stimulus, it's not gonna help supply but sure why not make it rain

Normal supply/demand dictates that if u have a fixed supply and increasing demand, price goes up until demand destruction. Oh gee I wonder what's gonna happen to price if governments are gonna do everything they can to avoid demand destruction by subsidizing it.

OXY's last earnings 1.5B on 60B market cap. That's god damn 10 p/e. Look up any oilco and you'll see the same shit. Hella profits. Look at oil futures for any date to 2027. The entire curve is lifting every day.

Also Warren Buffet sat on a massive cash horde thru the mega bull run of 2020, and he is literally yolo'ing the top of this chart

https://preview.redd.it/69bomgezg8091.png?width=3362&format=png&auto=webp&s=6c994d038700b055a5a38ee07cf1839d4513a3e9

There are gonna be a lot of plays to make in this space, let us discuss and make money again

POSITIONS 24k Jan OXY 65c