My investments would prefer $80-120. Moderate pricing extends out the length of the current commodity super cycle-"lower for longer." Extreme pricing encourages BS policy change, hastens immature transition plans, foments the likelihood of global war (Energy WILL be the driver of the next great...
Global oil demand went down from 100 million barrels/day to 90 million barrel/day during the worst part of covid. With everyone staying home not driving, not working, not operating factories.
As global economies have recovered so has daily demand.
And supply is absurdly low.
Thanks Biden.
I'm not as bearish on recession. I think it happens but short of a full on war I dont think we go full retard. Too much liquidity sloshing around.
Were screwed on fuel though. Structural deficits just keep on stacking...
I know someone in the department who got promoted, and HR goofed up their withholdings. They didn't pay Federal or something goofy. Ended up owing $5k last year...
Unless you guys made like $20k more YOY?
If so. Is your Department hiring? Kidding, but not really...