I watched the interview with Keith Pitt, it is clear he supports the permit extension. He made a point oil is also used for plastics and other manufacturing.
My logic, we still need oil to run our trucks, cars and heavy equipment. Yes there will be a time in the near future where electric or hydrogen cars will become more popular, but the existing supply of gasoline cars will be here for some time. The manufacture of plastics and other petrochemicals will be here forever.
Lastly you would be very naive to think just because scomo said NO it is a confirmed no.
Sentiment: I purchased some at 10c
Would I accumulate more? Yes, but I will wait to see if the price drops more and what more information comes out.
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