Yes, but no on investing. price increase doesn't necessarily correlate to volume increase or demand. There will be a bump over the next 18-24 months as the economy roars back from COVID, but the outlook beyond that is gray.
Meaning, you'll need to carefully monitor when to off load investments in crude refining and with so many getting out of the refinery business, I consider it risky for long term investors (pensions, funds, bonds) because they can't quickly off load investments without tipping off everyone, and then you have a frenzy.
For someone like you or other individuals, I consider risk to be moderate. Battery tech and materials procurement companies are the places to put your money today for a 10-20 year investment cycle.
Meaning, you'll need to carefully monitor when to off load investments in crude refining and with so many getting out of the refinery business, I consider it risky for long term investors (pensions, funds, bonds) because they can't quickly off load investments without tipping off everyone, and then you have a frenzy.
For someone like you or other individuals, I consider risk to be moderate. Battery tech and materials procurement companies are the places to put your money today for a 10-20 year investment cycle.
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