/biz/ - Business & Finance

Can someone explain the flatline candles on the silver futures chart? They go on for minutes at a time. I've never seen that before with the futures

Press A for agreed, C for concur, R for retarded, O for other (and comment why) or B for it happens but Biden manages to black ball domestic production

I'd rather not discuss political fallout unless it affects $$$.

I look at this and feel it's foolish for the MOST of the US and Canada. Economically, it frees the US from unstable foreign oil and pays Canada handsomely... BUT it also kills high priced oil from US oil production (IE US Gulf state drilling & exploration).

So here's a scenario that plays this out (IMHO):

1. The US starts getting its oil through a Biden proxy company

2. Biden struggles to keep the peace with the country he made deals in

3. Biden has trouble securing the oil he hoped to secure to the US through a proxy while he is talking about solar and wind (which can't meet demand)

4. US starts buying oil from anywhere it can get it and at any price

5. Biden is pressured to open up Gulf of Mexico exploration because oil prices go too high.

6. Southern oil fields open back up

I don't know how long this could possibly last, but are we talking about cheap domestic exploration stocks heading up exponentially?