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Ancient_Implement_30 t1_iuihwlh wrote

Reply to comment by chomponthebit in Why aren't people buying energy stocks? by InterestingHurry1834

Wow.. why the fuck are you talking about. Oil reserves? Anyone who thinks this matters at ALL is a moron. They do not look at the numbers.

Headline! “Biden to release 15M barrels of oil from reserves”

Fact US oil consumption per day 19.7M.

Oil reserves being released is a political move that does nothing to true supply and demand.

I am not even going to get into ESG.. There is plenty of facts out there to disprove your thesis. Just baffled by your logic.

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Grand_Inquisitor_Nel t1_iujiam5 wrote

In the end, it’s not about what makes sense but rather who to bet your investments against by what you believe makes sense. This is the way.

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