Oil futures strip is amazing. $71 rising to $73 and then tailing off to $70 over the next 18 months.Then, price falls $0.20/bbl each month (slowly adjusting to a decline if $0.10/bbl/month) for the next 10 years to finally reach $53/bbl in 2034.I’ve never seen such a rigidly constructed futures strip.As far as minimizing volatility, here is an opportunity through hedging for all of American business to fix costs (or revenue if you are a producer)…..while we wildcatters speculate on new upsetting events to deliver us a premium. 🤞$Occidental(OXY)$
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