Well, I guess Zerohedge’s prediction of $300/bbl oil isn’t panning out. My own speculation, however, has done so. As earth’s only energy bear, I have stood alone in ignoring all the sensible reasons that oil is going to surge higher for years to come, and instead relied on my simple-minded charts. I like how this is going.
You see, 100% of the Ukraine War excitement is gone; indeed, we are well below prices than before the war even started.
The slow collapse of earth’s economy will just send this thing into a tailspin. You think energy has a great future? Maybe there are some FTX tokens you’d like to buy too, like as a 60/40 kind of portfolio.
I cheerfully have my largest put positions in COP, EMN, HAL, MUR, and SLB.
