JPM Upgrades Energy To Overweight As "Supercycle Returns", Sees Oil Upside To $150 And "Multiple Energy Crises" This Decade

Source: https://www.zerohedge.com/commodities/jpm-upgrades-energy-overweight-supercycle-returns-sees-oil-upside-150-and-multiple
Published: Sep 22, 2023
Author: Tyler Durden
Post Date: 2023-09-22 18:54:41 by Horse
Views: 1010

The oily shit is about to hit the fan.

Poster Comment:

Food shortages will drive up food prices. If energy becomes more expensive, then it is Hyperinflation to cover massive budget and trade deficits.

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#1: Esso    To: Horse, 4um (#0)

Sees Oil Upside To $150 And "Multiple Energy Crises" This Decade

That should be pretty good for my last tranche of XOM stock I bought at $40.

Esso posted on 2023-09-22 20:42:34   Reply   Private Reply

#2: StraitGate    To: Esso (#1)

Excellent. Your XOM has risen about the same amount as my MPC.

Sold ALL my two cryptos today after buying them both at their All Time High. Those of you who are holding Bitcoin and Etherium can thank me; it will undoubtedly rise now that I've sold all of mine.

My Generac (GNRC) has been sliding into the gutter ever since I didn't sell it at $498 two years ago.

StraitGate posted on 2023-09-22 21:35:57   Reply   Private Reply

#3: Esso    To: StraitGate, Dakmar, 4um (#2)

My Generac (GNRC) has been sliding into the gutter ever since I didn't sell it at $498 two years ago.

Fundamentals of a company haven't had anything to do with stock prices since the crash of 2009 or whenever it was when my mother lost everything. When my handicapped sister was born, I stopped aging at 2 y/o. She never listened to me.

The stock market is a mystery to me now. The only reason I made the huge XOM play was Dakkie asked me about stocks and I looked in my accounts and saw XOM was about half price when it became apparent that the 2020 election had been stolen.

I guess I owe him one.

Esso posted on 2023-09-22 21:53:52   Reply   Private Reply

#4: StraitGate    To: Esso, Lod, Pinguinite (#3)

I owe my MPC purchase to Lod, and I consider him to be at least partly responsible for my Generac purchase, as these were both in the aftermath of the Big Texas Freeze and its attendant power outages, which we discussed here a couple of years ago. Fortunately, I bought a lot more MPC than I did GNRC, so overall I'm way ahead on those two taken together. (Thanks, Lod. And just kidding about laying any blame.)

Now, I have to blame Pinguinite for my buying Bitcoin and Etherium...

Just kidding, Ping. I have only myself to blame, I know.

StraitGate posted on 2023-09-22 22:35:21   Reply   Private Reply

#5: Esso    To: StraitGate, Lod, 4um (#4)

I consider [Lod] to be at least partly responsible for my Generac purchase, as these were both in the aftermath of the Big Texas Freeze and its attendant power outages

I remember that. It's easy to get caught up in a moment. Not that I was ever stupid enough to do that a hundred or so times, like buying a 2010 Smart Car with 89,000 miles sight unseen out of Chicago. ;)

I'm having fun though. Chip's lovin' it!

Esso posted on 2023-09-22 22:40:13   Reply   Private Reply

#6: StraitGate    To: Esso (#5)

My genius brother bought a condo on the Florida Panhandle at the peak of the market several years ago. Lost his shirt and one pant leg.

StraitGate posted on 2023-09-22 23:35:00   Reply   Private Reply

#7: Esso    To: StraitGate (#6)

...condo on the Florida Panhandle...

Where? I used to spend a lot of time near Eglin AFB, usually Ft. Walton Beach in condos. The sand down there was white as snow a long time ago.

Esso posted on 2023-09-22 23:40:50   Reply   Private Reply

#8: StraitGate    To: Esso (#7)

Destin, just across the Bay.

StraitGate posted on 2023-09-23 00:01:58   Reply   Private Reply

#9: Esso    To: StraitGate (#8)

Been there. I don't remember a bay, though. Been a long time.

(Edit) IRRC, Moving west to east... Pensacola, Ft. Walton Beach, Destin? No?

(Edit 2) That brought some memories. If I remember right, you couldn't walk too far west on the beach from FWB until you were thwarted by menacing government signs and a fence for the AFB. I might be mixed up.

Esso posted on 2023-09-23 00:04:40   Reply   Private Reply

#10: Pinguinite    To: StraitGate (#4)

Now, I have to blame Pinguinite for my buying Bitcoin and Etherium...

Just kidding, Ping. I have only myself to blame, I know.

Ah, man... Sorry to hear you sold it. I'm still holding. Though yes, it may easily drop further. I'm in long term and expect the new long term high it BTC to be $160k if the historic patterns repeat.

There are a lot of warnings now about the economy, some big names actually placing a date on a crash, "Rich Dad, Poor Dad" author Robert Kiyosaki specifically.

Of course then again, expectations of a dollar crash have been "right around the corner" for decades.

Seems to me the dollar losing global reserve currency status is its biggest threat.

But okay, if not crypto, silver, gold & property are good alternatives.

Pinguinite posted on 2023-09-23 00:30:11   Reply   Private Reply

#11: Esso    To: Pinguinite (#10)

But okay, if not crypto, silver, gold & property are good alternatives.

The MFers are still holding Au and Ag below $2,000 and $25, respectively. I wouldn't take property if you shoved it up my ass.

The country's going commie. They'll take your overpriced properties and give it to Venezuelans, which seems to be the latest trend.

I've been in countries and helped make that happen to destroy them.

Esso posted on 2023-09-23 01:00:27   Reply   Private Reply

#12: Lod    To: StraitGate, Esso, Investors (#4)

Right now I wish that my $$$ was still under the mattress and not in the market. Another reason to despise the accursed FJB regime.

Lod posted on 2023-09-23 16:19:47   Reply   Private Reply