Price is All About the Fundamentals

An important lesson I have learned in my 20 plus years in the Oil and Gas industry is that the price of commodities goes up and down. While oil has dropped below the $100 mark recently, it is based on fears a recession is here. That might be true. Also true are basic fundamentals.

The oil and gas industry here in the States and worldwide has been demonized and under-funded for about 8 years. Think ESG. Then when you have government leaders promising to shut the industry down why would oil companies continue to invest in expansion?

This fall and into 2023 many of us on the inside see supply below demand even with a recession.
Highschool economics tells us what happens next.

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#recession #inflation #stagflation #hyperinflation

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This video is meant for educational or entertainment purposes only. This video is not a solicitation. I am not a lawyer, CPA or financial advisor and I am not giving legal, financial or tax advice.