MI235: Investing in Uncertain Times w/ Louis Gave
The Intrinsic Value Podcast - The Investor’s Podcast Network
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Will Energy Prices Come Back Down?
I was very much hoping that post the Chinese Olympics in January we'd see China reopening, right? And instead we got the Shanghai lockdown, which came very hard. So you had the Chinese lockdown, which probably took about a million and a half barrels out of global oil demand. At the same time, the US turned around and said, look, we're going to release strategic petroleum reserves. We're going to released roughly 800,000 barrels per day. So increased supply, lower demand. But will we still have these three factors in three months time? Well, we definitely won't have any more strategic petroleum reserves releases because we can't release it forever, right? I don't
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