Commodities Analysis and Opinion
Crude Oil Cracks
2022.11.21 13:04
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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.
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