Oil at 72 and the bond at 1.5%. Near the standard position. Oil should be closer to 75, the ten year closer to 1.6. But the jumping around here has slowly moves the equilibrium as inflation in Texas takes hold.
The CEO would know better than I, but this is the slow migration of the equilibrium point. He gives is a timeline of the 'next several years'. I have no timeline, I always shade my predictions here, but the trend is up in price.
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