The Speaker is long Frontline (FRO), the world’s largest oil tanker shipping company.
The big question is how much oil production from US shale fields will plummet.
Silicon Valley is experiencing a confined downturn, similar to the shale bust of 2015—16. The lesson is that now is not the time to be bearish.
Contrary to popular belief, the Middle East has the least amount of geopolitical risk. Oil prices will keep defying bullish expectations.