Originally Posted by Trip7

The issue isn’t demand but supply. Even if global oil demand turned decreased over next few years(0% chance)the lack of investment in oil production will leave supply constrained and prices up. Now back to demand…India is growing fast, Indonesia is growing fast, Brazil is heading back to economic growth(with Petrobras signing long term contracts on every deepwater drill ship operator they can find). Global oil demand is set to rise in the face of constrained supply, OPEC+ Production cuts, and the Biden Administration out of SPR release wiggle room. Next couple years will be interesting.

Long Energy w/leverage