Inflation looks to be the mega-trend for the first half of the 2020s and crude oil is one of the best natural hedges out there. Russia’s invasion of Ukraine and a lack of investment in new oilfields over the past five years have hit supplies, leading to stagnant production profiles everywhere from OPEC to US shale. Meanwhile, demand for fossil fuels has been strong coming out of the pandemic even as governments push for a switch to clean energy.
https://www.bloomberg.com/news/articles ... -petroleum
Warren Buffet: Smart Money buying oil
Warren Buffet: Smart Money buying oil
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group