Commodity Prices Headed Higher, Maybe

The world is in what many have referred to as an energy crisis. With so much going on in our lives, it is easy to forget what the energy landscape looked like just 1 year ago.

On October the 7th of 2021, Dan Eberhart, CEO of oilfield services provider Canary, argued the supply crunch and increased regulations from the Biden administration for the energy industry contribution to the 'perfect brew for higher oil prices.'
Then, JP Morgan Chase suggested soaring coal prices could also push oil higher. That was a year ago.
https://fxn.ws/3Einsn8

Now, today, October 4, 2022, coal process grew above $200 a ton.
https://bit.ly/3SMjFCq

Add to this, the DOE will discontinue withdraws from the SPR by election day.
https://youtube.com/shorts/HSXFpBG5-Ko?feature=share

Where do you think the price of crude will go next?

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#recession #inflation #stagflation #hyperinflation #energy

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This video is meant for educational or entertainment purposes only. This video is not a solicitation. I am not a lawyer, CPA or financial advisor and I am not giving legal, financial or tax advice.