Wall St. For Main St., Released on 6/8/21
The Wall Street Journal just ran a story about how lots of professional traders are making big, leveraged options bets (call buying) and some are even selling puts for more leverage to this trade betting on US oil prices of $100/barrel by December 2022.
Options Traders Bet on Return of $100 Oil www.wsj.com/articles/options-…
Track the oil price for free here: oilprice.com/
There are also policy decisions by politicians and bureaucrats both in the Biden administration in the US and the EU to try to stop new oil and natural gas supply from being found.
Environmental activist investors are joining the board of directors of large oil and energy companies like Royal Dutch Shell (NYSE: RDS) and others trying to block these large companies from allocating capital towards finding new oil and natural gas supply.
ESG = Energy Stops Growing adventuresincapitalism.com/20…
Long term policy decisions and roadblocks from investors will hurt the ability of producers to find new supply and replace existing depleted reserves of oil and natural gas.
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Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason’s work at his blog website at www.jasonburack.com.