Don’t worry, releasing production updates in these markets is hitting every share price hard. Even if it’s positive production news like we saw today. This isn’t just a COE issue. The shorters are having a field day in this recession for all stock! The sooner they admit to the massive issues at play globally, the better! We can then set a path out of this mess! Unfortunately in the US we have a bumbling moron as head of the country who is still talking up an ever weakening economy. Avoiding the word recession and eating ice cream saying things like the “USA economy is as strong as it’s ever been”. All desperate tactics before the mid term elections. It seems the choppy nature of these markets up and down is due to this attempt at positive rhetoric. Best to get it out of the way and admit defeat and have a bit of a market crash but at least a rebound can start occurring after. It will beat this red, green, red, red, green, red, we are constantly seeing in this uncertainty which is hitting investors hard and resulting in a lot more red days than green days. Because even on the green days, most of the time it’s red because investors are unsure of what will come next!
Hopefully the politicians come to their senses in the EU and US soon!
Step 1 - Stop sanctioning Russian energy supplies. It’s hurting us more than it’s hurting them! They are just finding other buyers in Asia and the Middle East and all it does is raise inflation!
Step 2 - Stop being so renewables focused, we need efficient fossil fuels, especially for any transition period they want. There is at least another two decades of transition stages with increase in demand and gas will be the main player to help.
Step 3 - More exploration and production to help alleviate those supply restrictions! The political nonsense of the US keystone pipeline, banning of exploration by many western governments etc has caused many of these issues!
Stupid politicians!
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