Jul. 14 at 9:25 AM
$PBR $PBR.A
$USO the 2 oil tanker attacks and crew death, despite US naval protection, just made this very real and has pushed the risk for oil transit through the strait of Hormuz to critical levels. No insurer or tanker company will risk it now. This is going to be the event that pushes oil prices to
$150 plus, the chart has been indicating this is coming because physical supply is much tighter than they are revealing and demand has only gone up since war started.
$80 Brent is probably the floor for the next decade.
$PBR may be the single best place to compound money over the next 20 years.
