WTI futures are at $65 and heading north. Most oil production in the US is now solidly profitable at those levels. Some of that production is extremely profitable there, which is why US oil production has been soaring. The dollar, which heavily dictates the price of oil, is heading south with the vast endless sea of budget deficits inbound over the next ten years.
Higher commodities prices due to a debased dollar, is an easy bet for the next decade. The trade wars will likely make the dollar damage worse.
I think it's credible to be concerned about a government that is funded entirely based on fossil fuels, given the likelihood of electric vehicles and renewables / alternatives playing an increasing role in transportation and energy in the future.
Medium term, this is probably not an issue, IMHO. But the outlook could be grim if "peak oil" actually happens due to lack of demand, and no reform has happened. The Economist pointed out (https://www.economist.com/news/special-report/21738583-tradi...) that this already has happened in Venezuela (a very different situation than Wyoming in terms of government contract, of course, but one that shows the dangers of overreliance.)
WTI futures are at $65 and heading north. Most oil production in the US is now solidly profitable at those levels. Some of that production is extremely profitable there, which is why US oil production has been soaring. The dollar, which heavily dictates the price of oil, is heading south with the vast endless sea of budget deficits inbound over the next ten years.
Higher commodities prices due to a debased dollar, is an easy bet for the next decade. The trade wars will likely make the dollar damage worse.