Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
Yesterday, the Wall Street Journal reported that Saudi Arabian officials warned that oil could trade at $180 per barrel if the Iran war persists through next month. Whether it was a prediction or a promise, high prices would mete out punishment on consumers and producers alike. The Rabid Capitalist’s oil majors portfolio (BP, SHEL, TTE and XOM) will profit from the ongoing energy price shock.
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