LogFAQs > #968531163

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Topic	Stock Market General #46
AngelsNAirwav3s 10/06/22 2:06:12 PM #414:	Dan_Haren- posted... Opec cutting production means gas prices are going to go up. (They cut the quota by 2mil but several countries weren't meeting quota to begin with, so the ACTUAL production cut is about 900k-1.1mil, somewhere in that range). And with the high demand in europe, that number is going to shoot up. We're going to see the highest gas prices ever this winter IMO. Depending on how oil prices react, I would not be surprised if OPEC does another big cut in November when they meet. They want $100+ oil, and they are going to get it. No one can really stop them anymore now that US Shale has thrown in the towel. --- Hello world! <cite>AngelsNAirwav3s posted [p:968531163] in Stock Mark... [t:80117154]...</cite> <quote>Dan_Haren- posted... </cite><quote>Opec cutting production means gas prices are going to go up. (They cut the quota by 2mil but several countries weren't meeting quota to begin with, so the ACTUAL production cut is about 900k-1.1mil, somewhere in that range). And with the high demand in europe, that number is going to shoot up. We're going to see the highest gas prices ever this winter IMO.</quote>Depending on how oil prices react, I would not be surprised if OPEC does another big cut in November when they meet. They want $100+ oil, and they are going to get it. No one can really stop them anymore now that US Shale has thrown in the towel. --- Hello world!</quote> ... Copied to Clipboard!
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