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Lake Cornelia's Judd Arnold provides his 2024 outlook on offshore drilling + activism

Yet Another Value Podcast

NOTE

Abundance of Oil Supply Risk

The ongoing conflicts in the Middle East and the Russia-Ukraine war are leading to uncertainties in the oil market. The US economy is robust, with the Fed indicating no recession. The risk lies in a potential oversupply of oil due to countries like the US, Brazil, and others boosting production, leading to an excess of supply over demand. This could result in a substantial surplus of oil supply in the market, causing oil prices to plummet if not managed properly.

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