Market Considerations Laredo Oil is positioning amid an expected climb in U.S. oil prices as energy demand intensifies with the economy continuing to recover from the COVID19 slowdown. Also driving upward price pressure is global supply chain dysfunction that slows or prevents shipments, including energy components, from reaching destinations. Years of reduced investment in fossil fuel producers due to green energy mandates has also constrained domestic oil production. Accordingly, the company expects a favorable short-term outlook for oil. Many industries have yet to reach pre-COVID production levels, which Laredo Oil believes points to a continuing near-term upward trend in energy demand.
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