The Oil Dips Will Be Bought
Tony Greer, founder of TG Macro, welcomes Tracy Shuchart, energy & materials strategist at Hedge Fund Telemetry, to Real Vision to share her explanation for a bullish scenario for oil and the future of the energy sector as the green energy pivot continues with political support. Even though the Biden administration backs green policies, she believes the lack of investment from major oil companies in new oil projects and the extended time frame for a green transition support her bullish view on oil for the next 5-10 years. Shuchart believes that demand next year will return to pre-pandemic levels and oil production will not increase fast enough to satisfy consumers. Filmed on August 3, 2021.