Fairy Dust & The $130.00 Oil Backdrop Looks like the surge to $130.00 was just that a unicorn slinging fairy dust onto the world. I continue to see the push towards less green house gas emissions. The green narrative is still in play and I even hear of talk of modular nuclear reactors being looked at. Sustained high commodity prices will only cause demand destruction in the macro economy your already seeing signs of this happening . Folks buying in at absurd prices will wake up only holding assets with mountains of debt that have been purchased at hyped prices. In my opinion the longer prices remain high the greater the plunge It ain't real
IMHO