Wednesday, June 30, 2021

Supply Deficit To Worsen -- Goldman Sachs -- June 30, 2021

A couple of days ago, this was posted:

Supply deficit: I think the most fascinating story to watch play out the next two years -- whether there will be a supply deficit, a supply deficit to push the price of WTI to $100. 

Now today, Goldman Sachs is reporting that oil markets will see a deficit of five million bopd by the end of 2021. That's only six months from now. Currently the market is "short"about 2.8 million bopd; that deficit projected to grow another 2.2 million bopd in the second half of the year. Link to Irina Slav here

Entrepreneurial spirit. The other day I noted an Optimus Prime Transport truck near our home in Grapevine, TX. I posted a photograph of same. One of our sons-in-law works for Daimler Benz in Portland, OR, building the Optimus Prime. He and I were curious...and that led to this ...

  • Optimus Prime Transportation Inc, Batavia, IL; link here. Seven employees; annual revenue, $81,000.
  • Optimus Prime Transportation, Inc.Wheeling, IL; link here. One truck, one driver.
  • Batavia and Wheeling are one hour apart. 


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