Oil Below $94.00 Since hitting $130 lol the gradual decline has been slowly decaying the hopes of lack of supply. 2023 you will start to see hybrids big time. All these commodities will self implode one day. The pendulum will swing the other way and the talk won't be of 5.00 copper and headlines like soaring lumber prices. Supply destruction will get the best of all bulls. If there was true price discovery we wouldn't be seeing the weakness. Demand will wane over time. Back half of 2022 the economies will hit a brick wall into 2023. People have heard the term "everything bubble " the market today is everyone is raising prices like crazy just pouring more fuel onto a already raging fire. Let the gouge keep going on along with massive cost over runs. Only way consumer demand can continue is if wages go up which only gets passed along making prices higher and higher. Add rate hikes and massive Monopoly money debt spells timmbeerrrrrr. A market sustained on debt expansion. When the music stops and the machine stops spitting out paper then what is going to support the pricing and markets. Again unless you have demographic's where everyone is participating and making boat loads to keep up with rising tides you end up with a distorted market along with more then ever of a have and have not society. We will see what happens looking out.
JMHO