Fundamentals Strong Enough for $90+ Oil Period

I am not bullish on China and believe that any projection that factors in strong Chinese growth is probably destined to the bin in short order. No growing prices here. There is also the prospect for Russia to fall off the market (at least a part of the Russian production) which would also drive prices up but then again, there are lots of question marks in there. But the biggest danger I see is when prices rise only a little but still too much for Biden’s taste, POTUS decides to ban exports from the US which would drive prices down there but up a lot in the rest of the world. There are a couple of Black Swans, and they might hit us all at once. 

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