RE:RE:From Eric Nuttall's Twitter: Oil Crisis Supercycle I'm leaning heavily towards the energy crisis scenario. I notice that the Saudis say they are trying to stop a run or crash in energy prices. This is a far cry from everyone competing for market share.
TrendSwapper wrote: It's inevitable. The depressed prices over the past few years have severely hampered the exploration and development of new assets. In addition, you're seeing major players, like Shell, exiting the oil space and turning to renewables. We are going to see a major supply shock as a result of these conditions, and $100 oil prices will be in the mirror when this starts to really play out. The EV and renewables sectors are a farcry away from being able to offset the world's growing energy needs. This supercycle will be unlike anything the world has ever seen and, companies like CPG, rich with assets, will start to go through the roof. It's not unrealistic that we could see $20 to $40 stock prices in the next 5 years as a result. Shorts will get a wake up call, and Saudia Arabia has publically stated they want to see them burn.