oil has likely peaked for this current economic cycle
2022 Jul 5, 3:07pm 561 views 6 comments
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For XLE to drop 25% from its recent 52 week high and for active rig count to continue to trend upward, I believe that we reached peak oil prices.
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Booger
@
2022 Jul 5, 5:43pm
Booger
@
2022 Jul 5, 5:43pm
Oil is still going to be expensive for a while. Probably the whole time China Joe is in office. If we get a hurricane or refinery shutdown, new gasoline price records will be set.
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