Wars Raging, Production Falling, Strait Closed - Why Isn't Oil Soaring? Josh Young
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Josh Young sees both geopolitical factors and macro tailwinds behind the oil sector as incredibly strong and with the war in Iran continuing to escalate, attacks on oil infrastructure in Russia accelerating, and the Strait of Hormuz nowhere near operational, Josh sheds some light on why oil isn't yet going parabolic, and what it will take to get us there.
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