OilPrice.com: $100 Oil Predictions Soar As Analysts Warn Of Supply Crisis
“Incredible demand,” inflation, and shareholder pressure on oil supermajors to drastically cut emissions could lead to an oil crisis within three years, with very high oil and gasoline prices, David Tawil, president of Maglan Capital, told Fox Business on Wednesday.
Tawil has been very bullish on oil for some time, and thinks that the prices could hit $100 per barrel soon.
In the near term, oil prices have more room to rise, both from inflationary standpoint but also from demand standpoint, he told Fox Business. Oil prices are set to rise “consistently and considerably now into the end of the year,” Tawil said.
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WNU Editor: It all comes down to the pandemic. If a fourth wave that is resistant to vaccines hits the world later this year, all bets are off. If the pandemic finally ends, and with surging demand for energy exploding worldwide, oil could easily reach $100, if not more.
The demand is there, but the supply is not. And with oil majors and western governments moving towards energy sources that are not carbon based .... this will only increase oil and gas prices.
To say that the geopolitical impact for $100/barrel for oil will be profound is an understatement, and the big winners will be Russia and Saudi Arabia.
As for countries like the U.S., Canada, and many governments in Europe. The governments in power are committed to breaking away from oil and gas. Their electoral base want these policies to be enacted, and they will do so regardless of the economic consequences.
8 comments:
AT 100 dollars per barrel capped wells get uncapped in America. Supply will catch up fast barring interference by the evil Democrats. Democrats will interfere. We shall see how successful those devils are.
There is no way to break away from oil and gas any more than one breaks away from the need for air. DJT understood the value of oil and gas and the expertise of the people in those industries. It's not hard to understand why Putin's top priority was to prevent Trump from being POTUS and when that failed get him unelected.
There is no pandemic you morons
So far the Democrats have
-- likely killed epstein
-- likely stole an election
-- used the Wuhan virus for political gains, including the election theft
-- promoted, financed and bailed out terrorists and people promoting terrorism in your streets
-- weaponized courts and fisa to spy on a previous presidential opponent
It's so bad... I'm sure there's dozens more if I just think a bit..
They promote racial division
They promote wars.. they love foreign intervention
The Democrats were the slaves owners back then too
Funny how the left hand is described as demonic in ancient texts and the right hand as being righteous.
It's all there
A pedophile senile bulge and angry man in the office.. someone who sold you out to China
And the media colluded except a few outlets almost everyone suppressed info on the Wuhan virus, the left media... so vile, so wrong
They're truly demonic when you sum it all up
Their irrationality
My body my choice
To justify abortions
But not my body my choice when it comes to vaccines
Just why are they so incapable of seeing what they do?
They see what they do and they love every moment of it. Now we have a highly ignorant populace that can't think for themselves. I know the world hates the old US but I think whats coming will be far worse
You’re really reaching arnt yiu bud
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