Oil's Path to $150 "Next Week" & Bull Cases in NVDA, TSM, STX

John Blank warns of an impending supply shock among producers of oil-based products in about six months and forecasts oil could reach $150–$200/barrel over the next 6–12 months. A move to that range would be material for the energy sector, likely lift input costs and add upward pressure to inflation, warranting monitoring of oil-sensitive exposures and inflation/interest-rate-sensitive positions.

Analysis

John Blank warns of an impending supply shock among producers of oil-based products in about six months and forecasts oil could reach $150–$200/barrel over the next 6–12 months. A move to that range would be material for the energy sector, likely lift input costs and add upward pressure to inflation, warranting monitoring of oil-sensitive exposures and inflation/interest-rate-sensitive positions.