Zachary Scheidt

Oil Inventory Report Fuels a Market Rally

Rohan - Are you trading via futures markets? Any stock or ETF suggestions for some readers who might not have access to these markets?

Mmarrkk: I'll go back and look harder. But sometimes discipline means taking advantage of opportunities even when competitors are pulling in the horns. Discipline works both ways - discipline to produce within your means, but also discipline to continue producing when opportunity is there, but fear of risk is shutting down peers.

long_on_oil - I think the cuts in production were a result of FALLING prices as many projects made no economic sense at low NG prices. As we see these prices rise, production will increase. This is how the equilibrium of supply and demand work.

Toobad41- agree that Congress cannot set prices. Unfortunately they can influence them however, and can shoot us in the foot by placing trading restrictions. Do keep in mind that if 75% of oil is imported, the importers have a vested interest in keeping the prices high. So to offset that it would be wise for us to open up reserves we have set as "off limits" and also develop a more robust alternative energy platform.

Thanks for the comments guys! Come visit zachstocks.com when you can for more updates and energy insights.