Kaoboy Musings

Kaoboy Musings

Share this post

Kaoboy Musings
Kaoboy Musings
Re: Oil-Latest Macro Thoughts From Cap One.

Re: Oil-Latest Macro Thoughts From Cap One.

Lakshmi hosted a private call yesterday and discussed oil macro issues. As usual, I will tease out the salient points, punctuated by my own editorial.

Michael Kao's avatar
Michael Kao
Oct 21, 2021
∙ Paid

Share this post

Kaoboy Musings
Kaoboy Musings
Re: Oil-Latest Macro Thoughts From Cap One.
Share

Near-term YE Demand Forecasts:

2022-101.7 (vs. JPM 101.3)
2023-102.9 (would have hit in 2022 without COVID)

Kaoboy Musings is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

Lakshmi points out she is on high end of street and doesn’t see much upside to her numbers.

Lakshmi sees 2 main dow…

Keep reading with a 7-day free trial

Subscribe to Kaoboy Musings to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 Michael Kao
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share