Re: Oil/Inflation-Supply/Demand Curves & OPEC+'s Fantasyland.
OPEC+ has sacrificed long-term gain to avoid short-term pain.
Two weeks ago, I wrote about OPEC+’s decision to jump into the Geopolitical Mosh Pit with its surprise cut of 1.65 mmbpd of Oil production:
Unfortunately for all of us and ultimately for OPEC+, I believe the Fed will ultimately win this Clash of the Titans.
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