Tracy Shuchart, CEO and Chief Energy and Materials Strategist, Hightower Resource Advisors, joins BNN Bloomberg to share her outlook for commodities next week. She says capital investment in new oil and gas production has fallen short and higher interest rates are making it increasingly difficult to finance clean energy projects.
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2 Comments
If I were a tree in Europe, I would be scared.
Which one is it, "we're not adding enough projects / supply?" or "OPEC is reducing supply?" Let's think long term here, the US drains all their oil while the Middle East holds onto theirs. What then?