$100 Oil Prices May Persist Due to High Demand and Supply Constraints

Analyst at Seeking Alpha has written an article suggesting that oil prices could remain above $100 for longer than expected. The analyst holds a long position in Chevron (NYSE:CVX), which is one of the largest oil companies globally.

The analyst believes that the current high demand and supply constraints could lead to sustained oil prices, potentially beyond 2023. They point out that Chevron has been adapting to the changing market conditions, investing in renewable energy sources and improving its efficiency.

However, it's worth noting that past performance is no guarantee of future results, and investors should do their own research before making any investment decisions.