OIL Multi Year Bull Market?
Updated
Is OIL in a Multiyear Bull Market.
Oil demand is growing and supply is not. There has been significant under investment into shale oil. OPES supplies are being exhausted and offshore production growth is flat to dwindling.
ESG mandates are putting pressure on the fossil fuel industry as a whole but ESG are only affecting one thing. And that is supply. The mandates have not addressed demand which is increasing.
There is already the start of an energy crisis hitting Europe with Gas and Coal price soaring
oil gas coal and uranium Stocks are the place to be over the next few years imo.
Oil demand is growing and supply is not. There has been significant under investment into shale oil. OPES supplies are being exhausted and offshore production growth is flat to dwindling.
ESG mandates are putting pressure on the fossil fuel industry as a whole but ESG are only affecting one thing. And that is supply. The mandates have not addressed demand which is increasing.
There is already the start of an energy crisis hitting Europe with Gas and Coal price soaring
oil gas coal and uranium Stocks are the place to be over the next few years imo.
Trade active
Energy Crisis will only move Oil higher.Hits $100 a barrel and the Sh1t will hit the fan in the US and abroad.
Go woke go broke...
Feel sorry for anyone affected by this idiocy.
Note
$113 dollar going vertical
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