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.
Near-term YE Demand Forecasts:
2022-101.7 (vs. JPM 101.3)
2023-102.9 (would have hit in 2022 without COVID)
Lakshmi points out she is on high end of street and doesn’t see much upside to her numbers.
Lakshmi sees 2 main dow…
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