I have something for you to think about. With gasoline prices in the dumps and the US consumer rich as fuck, coupled with the newly minted Uber/Lyft oligarchies, I’d wager that Americans will “consume” more miles this driving season since the great ‘tank craze’ in Nazi Germany, circa 1945.
Having said that, I am already long gas station plays, such as MUSA and TA. However, now I am taking a direct approach to the heart of the margins: ethanol.
As a deranged liberal society, we destroy our food and place it into our cars as fuel. Over the past 3-4 months, the price of ethanol has collapsed, alongside oil and gasoline. However, supply is constrained, unlike the bastard oil sector. With the driving season approaching and Americans rich as fuck, “The Fly” has entered a new order into his computers, to be long of PEIX in winship terms.
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FIG
ECR ripping.
WTF is this multiple expansion in the face of EPS downgrades. Are you people MAD?
Central banks buying s&p futures. #easycall
Murder the oil shorts! Everyone hop on these fuckers.
By the way check out $GASL ripping nuts off, my top pick for the year
gapping,
sick call last Friday after the close when you called this +200 pt melt-up. hilarious reading Twitter and everyone acting like they weren’t uber bearish as markets careened into the close last Friday.
Thank you sir, happy someone remembered 🙂
“…long of PEIX in winship terms”. I actually shot coffee fromst thy nose. Freaking classic!!