I am by no means an expert, have posted a few times with good luck, sometimes bad luck on how to predict the broader market and also oil prices. This post will be right to the point: Name just one or two legit reasons oil could fall and stay below $100 anytime soon and stay there through the end of 2022? I cannot think of one that is rooted in reality. The only cause of this would be a recession – but that is not going to happen until 2023, for a number of reasons.
Therefore, why should everyone on here not buy up solid oil company stocks that, namely Chevron (CVX)? Many months ago a lot of people commented on my post (https://www.reddit.com/r/stocks/comments/t4898g/tell_me_why_i_am_crazy_to_think_oil_will_easily/?sort=new) as well as other's posts regarding $100-$110 being demand destruction levels. It just does not seem correct. I would say $200 would absolutely be demand destruction level. A lot does not add up – $100 per barrel in 2008 was horrible, so wouldn't adjusted for inflation $100 per barrel in 2022 just be normal?
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