RE:JP Morgan head of O&G sees start of supercycleEXCELLENT article, thank you for sharing, perspective is what is needed right now, $100 WTI seems logical given the sector is undergoing supply deficit ....
One thing i want to add is this....a black swan event is coming in the Electric Energy Sector, EV Sector is in a bubble right now, when this bubble busts, then oil will rise further and people will say, that to think the EV was the solution to everything was folly...EV is the future but it will take decades and decades....for now it is in the bubble territory...think of the dotcom bubble, it went bust, then it took over 15 years for that sector to gain relevance again...same will happen to the EV sector...so my take on the matter is, OIL is here to stay for another 20 to 25 years on Automobile usage and maybe another 100 or so years on airplanes and ships...