SPR will not be refilled, US shale oil and gas supply looks to be under control, and offshore wind will continue to be built.
Maybe an article on Venezuela?
Curious how Gold as a real asset compares to energy or commodities. Should it be long XLE short TLT? It also rolls off the tongue better.
If you are right, Canadian energy stocks might finally have their day
The Chevron - Hess deal also indicates that the majors are consolidating and starting to look offshore again.
or just consolidate supply - bit like big tobacco.
I have sympathy for the analogy to big tobacco but big oil is still a capital intensive industry in a cyclical sector. So the risk of losses in a downturn like 2014 or 2020 can't be ignored
True... but US is closer to swing producer these days....
What is your point? Thanks
If US producers consolidate they way well turn into price makers rather than price takers
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Maybe an article on Venezuela?
Curious how Gold as a real asset compares to energy or commodities. Should it be long XLE short TLT? It also rolls off the tongue better.
If you are right, Canadian energy stocks might finally have their day
The Chevron - Hess deal also indicates that the majors are consolidating and starting to look offshore again.
or just consolidate supply - bit like big tobacco.
I have sympathy for the analogy to big tobacco but big oil is still a capital intensive industry in a cyclical sector. So the risk of losses in a downturn like 2014 or 2020 can't be ignored
True... but US is closer to swing producer these days....
What is your point? Thanks
If US producers consolidate they way well turn into price makers rather than price takers