This sector is being backed by the Chinese to break away from the worlds dependence on oil , which America support through the Guidance of a fool who is hell bent on endorsing DIRTY ENERGY.
Recently PLS were looking to sell off up to half of their Coy but couldn't find a buyer.
If China are manipulating the sector why did CATL only buy in for 8.5%, at these prices and not step up for more?
We can't be sure who is shorting this sector, is it Greedy wall St bankers who support oil or the Chinese.
One thing I do know is Trump is dead set against anything that threatens Americas Oil dominance and China is that threat
China can see a massive opportunity here and Trump has sadly dropped the ball.
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