Micro2Macr0
@Micro2Macr0
Macro Economist - Self-made multimillionaire - Formerly Retired at 42 - Always trying to find companies and investments that are solving tomorrows problems
加入 June 2022
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Fear isn't a good reason for $OIL to be high. Especially at record levels of it. It's a contrarion indicator. Even more so when Iran is losing dramatically from all directions.
BREAKING: Goldman Sachs says about $22 of the price of every barrel of oil is now fear that supply will get cut off.
That is the second highest on record, after April 2026.
Global oil stocks are near all time lows in Goldman's data since 2017, and Brent is still above $100 even as Persian Gulf oil exports recover.
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