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Haymaker · Aug 19, 2026

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Haymaker Daily

Backwardation: A Forward Oil-Price Clue?

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Hello, Haymakers:

While Team Haymaker strives mightily to be as objective as possible, some degree of confirmation bias is inevitable when there are humans involved. (Actually, as we learn more about AI, we're not sure it isn't subject to some of its own blind spots.) Because we have a decidedly pro-energy outlook — particularly with oil, natural gas, uranium and, reluctantly, coal — we have to guard against only relaying data which backs up our bullish views on this long-disdained sector.

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