Oil is dead, page-5

"This is NOT the end of oil imo."

When I see the conventional wisdom of the herd converge so aggressively around an economic theorem (such as a commodity price cycle) so as to attempt to totally debunk it, then I go a step further than just saying this is not only NOT the end of oil, but in fact the BEGINNING of it.

In money-where-mouth-is terms I have in recent months - for the first time in a decade and a half - acquired listed securities that are derivatives of the global oil industry.

I can see the supply-side shock - the one that will precipitate the next upswing - already unfolding before my very eyes.