Chesapeake Energy Corp (CHK)

[Nebuchadnezzar]

Not really. Shale and fracking changed the game. IF OPEC wanted to cut 1 million barrels per day for rest of the year, oil would go to $85-100 easily also you seem to forget about the strength of the US dollar on commodity prices. Dxy is at .99 not .75 like Obama years. The dollar has a rather large effect on prices of commodites as they are denominated in US dollars. The US dollar is still reserve currency

Look at non renewables..still 85% of all energy used

https://www.worldometers.info/