Tuesday, October 19, 2021

Oil hitting consumer zone

 Closer to 85 and rise becoming relentless.  This is where consumer slow down noticeably. But it is not peak, it is not a shock level, but it is at wary level. I hear rumors that shareholders of oil companies, domestic, want a period of profits with less development costs. This is part of the domestic inflation hitting development costs. Oil in the ground has higher future value. Higher oil is a hit on the dollar, and import prices quickly in response.

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