Everything on Capital Cycles

The offshore drilling industry is in a late-stage capital cycle where supply is constrained by a decade of zero new orders, creating a structural shortage that supports rising day rates.

Impact: Incumbent operators benefit from high barriers to entry and limited new supply, allowing them to capture significant pricing power as demand recovers.

— from Nvidia Scandal, Cruise Luxury, and Oil Cycle · OHNE AKTIEN WIRD SCHWER - Tägliche Börsen-News· Nov 10, 2026