$60 / $70 - give or take - would be a good equilibrium point where companies can make money and it shouldn't cause too much grief in the economy.
$100 oil (for now) while good for shareholders is not a good thing for global economies
Like everything in life there is a happy place where everyone wins but as usual the pendulum swings wildly from one side to the other as opposing forces, ideas and narratives struggle to take the high ground and control.
Totally disruptive and total BS
Cheers
BW
Ann: Appendix 3Y (Glenn Davis), page-4
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