Madamswer, On your oil energy thesis, you might be interested in this:
The Federal Reserve Bank of Dallas published their Energy Survey last week, which included some interesting charts (link here). I’m no fan of the virtue-signaling-for-fee-generation ESG movement, but it receives too much of the blame for low US production. The truth is thatshale set fire to nearly half-a-trillion dollars of capital last cycle and now investors understandably don’t want to fund a round two.
