Surging XLE Profits and US Crude, Energy Surplus The rules of supply vs. demand elasticity and producer profits argue against an enduring energy crisis. Unsustainable is My takeaway from the graphic highlighting the widening crocodile-jaws pattern of the surging State Street Energy Select Sector SPDR ETF (XLE) vs. the increasing surplus of US and Canadian crude oil and liquid fuels. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tn92h7kip3id {BI COMD} #crudeoil #energy #ETF @BBGIntelligence