Who Knows? December 28, 2021

With regard to energy right now, the most fascinating story is who will turn out to be "right" when the crude oil story is told in 2022.

The forecasts are across the entire continuum, all the way from those who argue there is a huge supply / demand imbalance that will drive crude oil prices back down to $40.

Others say the demand / supply imbalance will be so severe in mid- to late-2022 that we will see $160-crude oil. 

The "technical data," the fundamentals, history suggest we should see significantly higher prices for crude oil in 2022, but at the same time, "we" always seem to find a way to muddle through and the "powers that be" will be able to manage any "shortage" of crude oil. I have absolutely nothing to contribute to this conversation. It will simply be fascinating to watch. But I am investing as if the "technical data," the fundamentals, history turn out to be correct.

Danger zone.

Danger Zone, Kenny Loggins