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DBO - Is Hurried Decarbonization Causing An Oil Crisis?
Invesco DB Oil Fund
I worry that the war on climate change may cause a pinch in the oil markets.
While I can understand the concern, it may be that the speed of the push to reduce carbon dioxide emissions is laying the groundwork for a mismatch between oil supply and demand in coming years.
The seeds are being planted for an oil shock down the road. Quizzically, it appears the West seems ready, willing and able to allow both OPEC and Russia to increase market share.