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Jim Cramer Doesn't Trust Politicians

10/11/2020

 
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Image: WORKSITE Ltd. on Unsplash

Oil has been on a trip fueled similarly to a Lego minifigure living in a house of his own skin.  Drill too much and the price can't find support (April 2020).  Drill too little, and earnings fall.  One US politician is for drilling and deregulation and his opponent has made his thoughts known regarding roughnecks.  Not trusting politicians is finally fashionable again.  Cramer says it's all you, bud, as you can still trade oil but investing, well, meh.

Check out Parsley (PE) on NYSE at 10.21 USD.

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