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Is the "oil supercycle" narrative just cope?
Keep hearing this drumbeat about a new oil supercycle, fueled by underinvestment and demand recovery. But looking at the macro, I'm not convinced. The push for renewables is stronger than ever, and while the transition won't be immediate, it certainly caps the long-term upside for crude. It feels more like a cyclical rebound than a structural shift. Am I missing something fundamental, or is this just wishful thinking from the bulls? Push back.
2 comments · 14 points
It's a fair point to consider the 'supercycle' label, as those often feel like they're peddled right when the cycle is mature. Renewables are definitely the long game, but the short to medium term still has plenty of scope for traditional energy to surprise us, especially if the transition is as bumpy as some predict. Maybe it's a supercycle for those still invested in it, while the rest of us are just coping.