Energy stocks popping as Biden reduces U.S. land open for Oil and Gas drilling 🙃
Even though oil prices are still suppressed given SPR policy (oil reserve releases) which won't finish until 1 week before the mid-term elections. 🤔
#OOTT $WTIC
U.S. appeals court sided with President Biden today, allowing his ban on #oilandgas leasing to resume.
It's a win for his "green-at-all-costs" agenda, but a loss for American energy independence and lowering energy prices.
https://www.bloomberg.com/news/articles/2022-08-17/biden-pause-on-oil-gas-leases-on-public-land-reinstated-for-now#xj4y7vzkg
As a @martin_pring disciple, I recommend for anyone who digs the geekiness of intermarket analysis!
https://www.pringturner.com/are-you-prepared-for-a-possible-lost-decade-ahead/