Originally Posted by azdryheat
You realize that the oil isn't coming from America at that price but from overseas. Our American oil production workers are being laid off. Our people are losing their jobs for that cheap gas. So, cheap gas is not a good thing for the US.
Oh and I'm not staying at home because some politician tells me to. We still have Constitutional rights that can't be taken away.
I know, our refiners are designed for Middle East crude. But oil derivates are fungible and thus globally priced.
I have not traded on oil company stock in the last 3 years and I will never touch it again. I think, like coal industry that's practically dead in the US, oil is the next to go -- although in a longer time horizon -- with the demand globally on the long term downtrend.
I'm staying home not because some politicians are telling me but upon the advice of medical professionals and pandemic experts as I don't want to put myself in danger or somebody else's in case I'm an asymptomatic Covid-19 virus carrier.
I don't mind at all and I can live with those kind of sacrifices. This is the least I can do and I'm even willing to do more heavy lifting as my family is preparing to provide free groceries to those who'll need it.