Check out the accompanying pdf and chart collection. (1) The next recession. (2) Big blow to Big Oil. (3) US oil field output remains depressed, as does the rig count. (4) US oil demand almost fully recovered. (5) Iran is a wild card. (6) Demand and supply shocks. (7) A business cycle on fast forward. (8) Inflationary pressures galore. (9) Great for profits and capital spending, for now. (10) Booms are followed by bananas. (11) Lots of reasons for labor shortages.
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