Oil and gas companies are the real technology sector and deflationary machines; for modeling purposes there is an effectively infinite supply of hydrocarbons underground, and producers keep getting better at finding and extracting them, which structurally puts a lid on prices.
causalpending
Speaker
DoombergEvidence Quote
“they're getting better and better and better and better and better at finding those hydrocarbons and bring them bringing them up to the surface.”
Created: 6/18/2026, 2:32:19 PM
My Notes
Loading notes...