It feels like we're headed for $100/barrel oil and high gas pump prices by the summer, notes David Holt. He discusses the outlook for the energy sector. He mentions that the strategic petroleum reserve is at its lowest level since the 1980s. He talks about the fallout from OPEC+ nations and allies oil production target cuts. He then goes over predictions for energy prices in 2023, as well as the differences between the energy market in 2023 compared to the energy market in 2022. He talks about the toll of high energy prices on U.S. households. Finally, he highlights how the push toward green energy is affecting energy prices. Tune in to find out more about the stock market today.
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