Does not help when out govt fleeces us with more than a $1 in total tax take out of pump price...
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But I did see somewhere that trump is going to add the current surplus to the strategic oil reserves.Had a quick look online and you can pickup a 25000 litre tank for 3 grand,if the price of petrol comes down enough,tank manufacturers could be the investment we are all looking for!
Will stay low until they have put the fracking boys out of business. Perfect opportunity to flood the market when demand is ridiculously low.
Once the competition has been reduced it will be all on to rape and pillage the global markets again.
https://www.news.com.au/finance/econ...de4c5c34438740
You have been warned - RBA expects the worse economic contraction and conditions since the 1930s.
oil smashed again today even brent. chart of june oil
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heres updated sp500 chart breaking down of bearish rising wedge chart pattern
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bear rally was really causing a bad disconnect between reality of earnings to stock prices. the market was more expensive than at the peak
The bear rally is over, now reality sets in.