Oil will print new highs.
Reasoning is technical and fundamental.
The cost of USOIL will rise in dollar cost despite improved technologies reducing cost per barrel to bring to market in specific areas, specifically due to the ongoing devaluation of USD.
Additionally with the changing world we are moving into, with regular people being lambasted by ultra rich on mega-yachts proclaiming the need for average people to reduce our carbon footprint - the cost of OIL will roughly double from current price over a multi year time frame(2.5-6 years) to align more with the cost/mileage available on EVs.
Some provinces in Canada are offering a "carbon tax credit" for staycationing instead of taking a vacation.
Please donate to a dogshelter with some of your gains from this knowledge.
at ones own risk:reward
last post on this account, many blessings.
Reasoning is technical and fundamental.
The cost of USOIL will rise in dollar cost despite improved technologies reducing cost per barrel to bring to market in specific areas, specifically due to the ongoing devaluation of USD.
Additionally with the changing world we are moving into, with regular people being lambasted by ultra rich on mega-yachts proclaiming the need for average people to reduce our carbon footprint - the cost of OIL will roughly double from current price over a multi year time frame(2.5-6 years) to align more with the cost/mileage available on EVs.
Some provinces in Canada are offering a "carbon tax credit" for staycationing instead of taking a vacation.
Please donate to a dogshelter with some of your gains from this knowledge.
at ones own risk:reward
last post on this account, many blessings.