Rise it will, but its lunch gets eaten...every single day. As the chart shows, renewables are on a sharp incline, and that's largely taking oil's place. In addition, these projections are a decade oil lol, (since 2010) , the world has changed so much since then! We could be getting into a decade long period of below par economic growth following a deep recession.
The oil trade will get badly burn once recession starts to bite hard. Your long term charts won't dissuade traders from exiting on sheer thought of demand destruction at the helm.
Continue holding Oil stocks and see where they would go in 6-12 months. Energy sector is only one that is not down over the past year , but the downward move has already begun and will intensify in the coming weeks and months. The only reason it can hold is if oil price goes higher from here, and if it does, you'd know where inflation would go and accordingly we can kiss the Fed pivot
goodbye for longer, that would economically catastrophic and even brings a more damaging demand destruction that could plunge the world into a staggering stagflation.
