This is truly great stuff. The report covers reflation, oil and stimulus.
The portion you need to read is on page 4 titled “Oil Prices: Another Spike Ahead”
Authors Rubin and Buchanan lay out how while demand has fallen, the cost of new oil finds has not. What that means in its simplest terms is that much of current production shuttered, will not return until prices rise near $100 again. Any resumption of demand then all but guarantees rapid price increases. Please read this..
Disclosure (“none” means no position):Long Oil
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