“JPMorgan forecasts energy “supercycle” with Brent crude potentially hitting $150 per barrel”
October 31, 2023
“In a research report published on Friday, JPMorgan analyst Christyan Malek upgraded the entire global energy sector to an overweight rating, warning that the recent surge in oil prices could potentially drive Brent crude prices as high as $150 a barrel by 2026. This prediction is based on factors such as capacity shocks in the near to medium term, an energy “supercycle”, and an ongoing transition away from hydrocarbons…”
https://finance.yahoo.com/news/jpmorgan-forecasts-energy-supercycle-brent-151922761.html
Combine this with the fact that over 60% of Americans are living paycheck to paycheck and we have a disaster waiting to happen.