RE:AnalystsI don't see any significant decline in demand at anytime in my lifetime... unless the globalist technocrats get their way. If the NWO wins out, then I think we'll see a serious decline in most everything as the globalists push to stop all growth, push the globe into energy poverty, define what is investable, and push the 98% into serfdom..
As for price of WTI, I don't really care as I can currently make money regardless of the price. That being said, I think the days of $50 oil are behind us with greater likliehood we see $80 to $110 as the new norm (near term), and higher further out.
It's common sense. We're being conditioned to normalize paying 2x or more for goods than only 2 or 3 years ago, yet the price of oil should be the same or lower?! It makes zero sense. Especially when the argument used to justify (ie, world is going electric) is based on technology that costs significantly more and lacks the natural resources required to produce. Everyone is hyper focused on debating electric vs ICE cars, when in reality they should be more concerened about the ever increasing hyperbolic energy (and oil based products) demanded by tech.
As for mid term, I expect 2024 to be a very volatile year. Biden will again attempt to bring down the price of oil heading into the next election. Trudeau will continue to try and destroy Canada's resource sector. Meanwhile the drums of war will beat on, new crisis will errupt, and countries like Iran, Russia, China and rest of the BRICS will work to counter Biden's attempts.
This is the thesis that my investment strategy is tethered to. It has been working extremely well ever since Biden was elected, and has enabled me to recover and surpass the damage I experienced when I failed to realize just how damaging Trudeau and Trump would be to the Canadian economy. That being said, I do re-evaluate frequently and spend considerable time every day reviewing politics and current events.