4um: Commodities' King Sees "Structural Supply-Side Commodity Inflation" Sending Oil To $200

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Title: Commodities' King Sees "Structural Supply-Side Commodity Inflation" Sending Oil To $200
Source: [None]
URL Source: https://www.zerohedge.com/energy/co ... dity-inflation-sending-oil-200
Published: Jan 14, 2022
Author: Tyler Durden
Post Date: 2022-01-14 15:32:46 by Horse
Keywords: None
Views: 111
Comments: 1

... due to a lack of exploration and investment to maintain existing supplies...
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#1. To: Horse (#0)
... due to a lack of exploration and investment to maintain existing supplies...

The first things done by the Biden administration was to end the border wall construction and the Keystone XL pipeline project.
They also ended oil and gas leases on government (BLM) land. This put the nail in the coffin of the oil industry. RIP is all I can say.
I checked the price of oil and see it was $53.64 a year ago. Today it is priced at $83.82. ;)

BTP Holdings posted on 2022-01-14 19:41:34 ET Reply Untrace Trace Private Reply
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