/biz/ - Business & Finance

>>	Anonymous Thu Jun 9 04:53:25 2022 No.49473696 [View] File: 402 KB, 1017x733, fgdfg.png [View same] [iqdb] [saucenao] [google] >>49473674 oil is so powerful cramers sorcery has no effect >>49473682 nah, just wait till next earnings, their PE will go to 12

Anonymous Wed Jun 8 05:13:09 2022 No.49447966 [View]
File: 402 KB, 1017x733, fgdfg.png [View same] [iqdb] [saucenao] [google]

>>49447672
heres the thang...

demand destruction is much higher than people think
tons of people work from home now
engines are more efficient
people drive EVs
the percentage of household money going to gas was 6% in the 1970s, today its around 2.5-3%
refiner margins are high and oil can go higher and gas can stay around the same price

we can go to 200

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/biz/ - Business & Finance

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