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Monday, April 17, 2023 7:29:41 PM
As far as equities, this is to be expected. We all knew this was coming. Very predictable with Joeflation and Bidenomics in play.
The effects on equities will be similar to the effects on other aspects of our economy. And the best remedy is a change of leadership, which in another few months should be assured.
But oil investments typically do better than many other equities in times of inflation, and financial managers know this. The industry, as a whole, will proceed ahead without being impeded and drillers will not be seriously obstructed. After all, in tough times, one must go where there is money to be made. And all of us here know of one good place.
I am a believer in the sentiment that “Frontier exploration is suddenly being reemphasized which will benefit the offshore industry” as quoted in the workboat.com article.
I am on my mark and set, waiting only for the command to “GO”….
I will see you at the finish line.
Mrs. Smith
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