No comment on the substance, on the other hand, I confirm your feelings on the relevance of the writings versus video. Videos on large channels have the benefit of making you known.
People taking 2nd jobs in order to make ends meet actually bumps labor stats, but in reality of course is a bad sign of what the economy is really like. Watch credit markets carefully.
Like you, I feel the death of demand for oil has been greatly exaggerated (to paraphrase one well know author). Even with "supply chain disruptions" that are keeping many industries in low gear, and some key commodities in short supply, we have see record demand for oil in the U.S. and globally.
The coming recession will not make a material difference in that demand as 8 billion people still want to eat, stay cool in the hot weather, and warm in the winter. Oil, transporters of it, refiners, even coal producers are still going to benefit handsomely from this in the coming months and years.
"My advice is to back up the truck, load it with as much energy as you can haul..."
I think that's really good advice and I've been loading and am still loading the truck! Thanks David.
Excellent and thanks for defining and explaining a few key points for the non-professional investor.
No comment on the substance, on the other hand, I confirm your feelings on the relevance of the writings versus video. Videos on large channels have the benefit of making you known.
People taking 2nd jobs in order to make ends meet actually bumps labor stats, but in reality of course is a bad sign of what the economy is really like. Watch credit markets carefully.
buy all the oil you can get
Great analysis Haymaker. Really appreciate it!
very well presented
Well done David.
Like you, I feel the death of demand for oil has been greatly exaggerated (to paraphrase one well know author). Even with "supply chain disruptions" that are keeping many industries in low gear, and some key commodities in short supply, we have see record demand for oil in the U.S. and globally.
The coming recession will not make a material difference in that demand as 8 billion people still want to eat, stay cool in the hot weather, and warm in the winter. Oil, transporters of it, refiners, even coal producers are still going to benefit handsomely from this in the coming months and years.