01-11-2022, 12:07 PM
Perhaps (likely IMO) the easy money has been made in oil stocks, but I'm not sure what governments are going to do about pricing in the near-term. Discouraging production years in advance of actually having a viable alternative isn't working for them. They can hope for more production and eventually that will happen, but major producers have no incentive to cut their own throats. There aren't enough strategic reserves on the planet to get prices as cheap as most politicians wish they were. They made their bed and I see no scenario where oil isn't expensive for all of 2022.
That said I won't overstay my welcome. I'm not giving back the easy money.
That said I won't overstay my welcome. I'm not giving back the easy money.