Energy Investing - Kyle Bass joins the $100 oil club - Energy Investing - InvestorVillage


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Msg  343330 of 353331  at  8/3/2021 9:39:03 PM  by

MontyHigh


Kyle Bass joins the $100 oil club

 
Long, fascinating interview (as usual with Kyle Bass) that only briefly touched on oil. He is an inflationista and says that without the cheating inflation should be more like 11%.
 

Kyle Bass:"So, some of the inflation is, without a doubt, transitory, but they’ll have to start raising wages at the lumber mills so the price of lumber will resume its upward trend, it’s just not going to go up 700% in five or eight months, right? So, there are a few things that will be transitory, but like we’re talking about food, iron ore, energy, I think we’ve dramatically underspent in energy, and I think we’re going to see $100 crude this year. We’re in July 2021. After seven years of malinvestment, and the crowd that is virtue signaling that we just can flip a switch and go electric, I think they haven’t done the math, and I don’t think they realize that hydrocarbon demand is inelastic."

MontyHigh

 
 
 


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Replies
Msg # Subject Author Recs Date Posted
343332 Re: Kyle Bass joins the $100 oil club Pipeless_Pauper 4 8/3/2021 10:05:29 PM
343333 Re: Kyle Bass joins the $100 oil club Billinor 2 8/3/2021 10:05:41 PM
343369 Re: Kyle Bass joins the $100 oil club Bearcatbob 3 8/4/2021 7:08:36 AM


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