The Time Has Come For Rate Cuts… and Higher Oil Prices

First off the amount of capital still flooding into natural gas "driven" products continues to be sustained at *ENORMOUS* thus keeping natural gas prices in the USA anyways pretty much pegged at *"FREE!"* always a good price for you energy input. 2nd however there being a strong connection between natural gas extraction and oil drilling as certainly both require an enormous amount of energy but also not dissimilar type capital expense at all there still remains concurrent with an natural gas drilling and production boom so too/also an oil drilling and production boom both onshore and offshore by way of specific example Guyana North Coast of South America far larger still Brazil with the latter now apparently "migrating" to off the Coast of Southwest Africa. Taken together and with so much energy refining on an industrial scale being located upon US Gulf Coast there is a literal *FLOOD* of oil still entering into upon that Region to be refined and turned into usable product namely tho not limited to gasoline, diesel fuel and liquid propane gas. This product continues to simply put *FLOOD* the US consumer market for fuel along the USA Eastern Seaboard the most valuable fuel market in the World because the price at retail is so crazy low there ... *AND HEADING LOWER NOT HIGHER* at least until trace amounts of an increase in heating oil demand surfaces. In the meantime battery electric vehicles now arriving in the size of full sized pickup trucks and flat out obviating the need for the entire ICE platform let alone demand for either gasoline or diesel fuel again along the Eastern Seaboard the most valuable market in the World ALSO/TOO for the ICE platform internal combustion engine paired with said robust mechanical transmission which now must include "hybrid drive systems" for that now which again barely consume any gasoline, *ZERO* liquid propane gas (for now) and deminimus *NEW* demand for diesel fuel. If a new oil refinery were built starting in Richmond Virginia or Philadelphia Pennsylvania both already properly siting for doing so this outlook could change but until then everything internal combustion will be powered by a turbine engine some becoming quite small now I imagine and not standardized ICE platform going on near 100 Years now plus associated power train. Long story short prices for not just oil but for refined product as well remain *CRAZY* bearish with ethanol and methanol now competing as well. Plus fueling stations such as *"Buccee's"* have become absolutely enormous and thus far more efficient at dispensing these vast amounts of the fuel resource in the USA. Plus charging infrastructure continues to expand. So far no demand *COLLAPSE* for gasoline and diesel fuel in the USA...the most valuable energy and transportation market ever in human History and only more so now today...setting up for one tho just based upon natural gas product alone which in some markets has been trading negative all Year 2024. Long every US based utility strong buy right now today certainly. #canada_on_strike will be a material demand hit on energy as well. Plus food too. Massive material demand hit actually.