Oil Now 119.00 Barrel & Climbing You know what this means. GDP stalling , shipping rates are dropping as excess containers now available. Oil at 119.00 why on earth are rates not moving even higher? Because the macro economy is cracking. It's only a matter of time before the high prices take its toll on the macro economy if it isn't already ( which it is ) what is the fix? More taxes? More money printing? Higher rates ? This is the end result of Monopoly money and all interventions in markets. No true price discovery. I called this 2 yrs ago when I said negative oil was the capitulation in energy markets. I said that oil will reach $100.00 per barrel again to a buddy. He said no way it's over for fossil fuels. I said yes we will see a transition over time into alternatives in markets. But first we all need to get skinnned. The use of commodities and shortages to push inflation and energy as a primary weapon. Just think about this. How the heck can oil prices go from negative to 120.00 barrel? No no no it's all normal ! It's all real ! Sure ! Let's shut down world as well this will help. LoL I've seen it all. Let's cut investment to the sectors we wish to channel the sheeple into the new green narrative. Makes total sense. The people that bought newer V8 vehicles you will be selling them for Penny's on the dollar as reality will set in. With the world re-opening from the Covid flu why on earth is there a war with Russia? Why after the China Olympics? Go figure and put it all together.
JMHO