Huge opportunity in OilCorona Virus has really taken a toll on the world wide economy. I believe that we will get past the virus and thrive as humans and continue to push forward. The price of oil has touched the bottom of the multiyear descending wedge.
The break out of this wedge would indicate a trend change and given the trend has been down, this could mean that high oil price will be coming soon, and with that comes inflation. This wedge won't break out until 2023 minimum so if you are expecting rapid inflation over the next coming years, that may not happen unless something absolutely catastrophic happens. Higher oil costs mean higher transportation costs, energy costs, and economic production costs. Almost everything important needs oil to run and when oil rises, so does every other good.
I would think that the United States is headed for higher inflation over the coming decade than lower inflation. Although this is a deflationary environment, the United States monetary policy is built off of preventing deflation in its economy to stay functioning. Eventually the printer press will be too much for humans to handle and they'll eventually get more inflation than asked for. Once you pull that genie out the bottle, it's very hard to put back in. I believe that this is one of the best long term investments you can make.
