We think in the next three years we could see $100 barrels again, and we stand by that. That would be a 2022, 2023 story. Part of it is the fact we have OPEC kind of holding all the cards, and the market is not particularly price responsive on the supply side and there is a lot of pent-up demand . We also have a lot of inflation everywhere. Oil has been lagging the rise in prices across the economy, Blanch has said.
Goldman has suggested that oil and gas investors should consider a barbell strategy with some exposure to more volatile names as well as cycle winners.
By Susan Montoya Bryan, Associated Press
Vaccine supplies have eclipsed demand in New Mexico even as the state makes a hard push toward meeting a key vaccination goal Thursday.
Health officials have confirmed to The Associated Press that New Mexico s inventory includes nearly 493,000 doses that are being stored in freezers around the state. Expiration dates range from this week through September. The state also has donated 372,600 doses of its undelivered allocation back to the federal government.
Health Department spokesman David Morgan has said New Mexico is adapting to shrinking demand for the COVID-19 vaccine in several ways. That includes ordering only a minimal number each week to cover requests from providers.
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