“Oil And Gas Bankruptcies Jump Despite Rise In Crude Prices”

“The oil and gas sector is currently enjoying a mini-boom cycle as economies gradually re-open and oil demand begins to return to a semblance of normalcy. The oil markets are in an upbeat mood once again, with oil futures trading sharply higher on Wednesday after the U.S. government reported a third-weekly drop in weekly inventories while the International Energy Agency (IEA) issued a bullish oil report for 2021. After declining 8.7 mb/d last year, the IEA now expects world oil demand to expand by 5.7 mb/d in 2021 to 96.7 mb/d. For many U.S. shale producers, however, there’s still little to cheer about, with record numbers filing for Chapter 11 bankruptcy protection…”

https://finance.yahoo.com/news/oil-gas-bankruptcies-jump-despite-150000287.html

I have this strange feeling a oil shortage may be coming. This might be a good time to position yourself in that market.