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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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Lee Lichterman III

skier31

To: ItsAllCyclical who wrote (61511)	6/1/2022 10:38:34 PM
From: Sun Tzu	2 Recommendations Read Replies (3) of 97815

From what I have gathered, people who are bullish on oil make their case on a combination of peak oil and under-investment in oil over the last decade. My question is, and I am genuinely interested in understanding, what is true in 2022 that was not true in 2019 or 2018? On the face of it (ignoring Russia for now), we should have about the same oil capacity now as we had before the pandemic. Furthermore, remote work has to be cutting into some of the oil consumption. And China slowdown should cut deeper into that. And then there is Russia that I believe will flood the market with cheap oil - sanctions be damned. And on top of all this, the oil execs have been selling rather than buying their own shares and they are not investing in new capacity. Shouldn't the oil execs be buying their own shares if oil is about to take off?

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