This board is
overwhelming and I think its worth my time (and maybe yours) to try to
keep track of what's happening. So, I'm making a note of posts that seemed
particularly valuable at the time they were posted and am going to list
(in order) the top five that have the most value for me to remember
going forward from here (the weekend). I hope to do this most weekends.
Feel free to reply with something you think I missed...
This board knows I am not a perma bull and like to emphasize bearish news to counter-balance the board's bullish confirmation bias, but my outlook (especially for oil) remains strongly bullish.
MontyHigh
Former Merrill Lynch insider makes the bullish case for oil (primarily based on the underinvestment them) for Dave Rosenbaum subscribers. The case is strong.
The under-investment story holds up and this week's price action (happening as producers finalize 2022 capital investment commitments) only helps. Here's a valuable quote: "
Exxon Mobil Corp. XOM -2.84% said
Wednesday it will maintain a conservative budget for the next five
years as the outlook for oil and gas demand remains murky while coronavirus-led economic risks persist and some countries attempt to wean themselves off fossil fuels."
Honorable mentions were posted for Chevron and MEG who also are keeping capital investment low for 2022. It seems to be industry wide which is VERY BULLISH.
The inflation numbers seemed to have painted the Fed into a corner and the strike price of the Fed put on the general market seems to have dropped considerably. Current and upcoming S&P corrections are more likely to hit 20% rather 5% prior to the Fed rescuing the markets with yet another Powell Pivot.
Climate alarmist politicians continue to find support (despite rising energy costs). Expect the insanity that is good for fossil fuels (be suppressing energy supply while leaving demand untouched) to continue resulting in continued fossil fuel price gains and support.
A new reason why the feasibility of any significant transition away from fossil fuels (especially oil) remains completely out of reach for the foreseeable future.