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Monday, February 13, 2023 7:16:40 PM
Getting defensive to weather.whatever recession we will tumble through in the next 12-18 months
I’m onboard and prepared for that shift too but I haven’t been scaling back on energy because I think oil, in particular, will outperform again this year
It would take a series of improbable events tho align in order for there to be a situation where WTI would be under $75-80 for long
Much more likely that demand growth will proceed at a somewhat slower pace and prices will hinge on production and midstream dynamics
Stalling our domestic energy sector was a stupid move by the swamp creatures and permanently damaged our nation’s economy
We will recover, but the loss cannot be restored
And we don’t start a real recovery for domestic energy until the house can make tangible progress on drilling, pipelines, and refineries
So many disastrous policies, not enough ducks to stamp out the fires
An injury has me sidelined a bit
I’ll call it a skiing accident because it doesn’t sound as stupid as the real story
And my rotator cuff doesn’t know the difference anyway
I am anxious to see your short theory play out, you’re most likely correct
spec
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