RE:RE:RE:RE:RE:RE:RE:Time to unload some ......."Could you rising oil prices and the consensus in the market that they will keep rising. And there is a recent rise in natural gas prices approaching $3."
I'm assuming you're asking ME this question. Perosnally, NO. I don't see energy prices going up through "organic or "normal" means solely based on supply/demand factors. As i've been telling folks here on numerous O&G forums, there's not only a proxy was that's being contested in Ukraine against by the US, there's also one being fought in the energy markets. For three VERY critical reasons. One keeping energy prices low to keep inflation in check and not getting out of control, and especially if the Dems want to get re-elected in 2024. Two, keeping O&G prices low not to bankrupt the rest of the world outside North America, and especially the EU. Three, while saving Europe from Bk, keeping energy prices below $70 & NG <$3 by artificial means through the paper & derivitives markets, are intended to both BK Russia's economy itself & cut their military funding of the war.
So no......i don't see prices going up "materially" UNLESS another blackswan event happens, which is out of the hands & control of both the US & EU.
GLTA