RE: Ok, tell me something Mrs. Wamp...12 Apr 2022 08:11
In the next four to five years we will see higher highs and lower lows with the oil chart tracing upwards. I do see $300 Oil then
I do believe that this summer will become very interesting as the oil market will become very tight. Also, OPEC will be maxed out in Q4. Think what will happen if the SPR release does not work, then you will see panic in the markets.
You may wonder what could go wrong to counteract my bullish thesis for oil and that is a good question.
1) A sixth wave of covid
2) The war between Russia and Ukraine escalating to a global conflict affecting all economies.