The peak cheap oil thesis in dollar terms remains valid because oil companies are cutting capital expenditures and rig counts despite oil being below $60, which would not occur if oil were truly in a long-term bull market.
causalpending
Speaker
Luke GromanEvidence Quote
“We're starting to see capex cuts and falling rig count with oil below 60 which suggests strongly to me that peak cheap oil in dollar terms is absolutely not dead otherwise they wouldn't be cutting production.”
Source
Why is high debt different now v. prior instances of people “fear-mongering” about the debt?— Luke Gromen - FFTT, LLCCreated: 8/11/2026, 7:46:30 AM
My Notes
Loading notes...