Photo by Zbynek Burival on Unsplash
The question everyone should be asking themselves right now, this second, is why isn’t oil $130 per barrel? Today. Right now. When you look around the world, there are a lot of indications that strongly suggest crude is being drastically underpriced. A lot of it has to do with uncertainty, and I mean that in a very real sense – you don’t know if tomorrow the war’s over and tanker traffic spools up, which means the crude price collapses. But that doesn’t fully account for the sheer scale of what’s already happened.
Video Length: 00:19:53
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