Kaoboy Musings

Kaoboy Musings

Share this post

Kaoboy Musings
Kaoboy Musings
Re: Oil-JP Morgan Call Highlights.
Copy link
Facebook
Email
Notes
More

Re: Oil-JP Morgan Call Highlights.

JPM had a conference call today covering both macro and micro themes in the energy space. I will just summarize salient macro points.

Michael Kao's avatar
Michael Kao
Oct 08, 2021
∙ Paid

Share this post

Kaoboy Musings
Kaoboy Musings
Re: Oil-JP Morgan Call Highlights.
Copy link
Facebook
Email
Notes
More
Share

JPM thinks COVID is about to peter out based upon the 1918-19 analog of 4 waves lasting 20 months. Mobility trends are corroborating this.

Oil is still cheap relative to other energy commodities. Coal prices are implying $150-$200/bbl for oil.

Kaoboy Musings is a reader-supported publication. To receive new posts and support my work, consider becoming a f…

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

Copy link
Facebook
Email
Notes
More