OilPrice.Com: Oil Prices Will Remain High For Years To Come
* A growing number of major investment banks are turning bullish on oil in the medium to long term.
* A lack of investment is leading to supply deficits as demand rebounds to pre-COVID levels.
* Rebounding consumption and tight supply could push oil prices even higher.
Six years after former BP chief executive Bob Dudley said that “the industry needs to prepare for lower for longer,” a growing number of major investment banks now expect “higher for longer” oil prices.
Rebounding global oil consumption amid tight supply—contrary to some forecasts last year that indicate demand may have peaked or was close to its peak—as well as years of underinvestment in new supply following the 2015 crash, have prompted Wall Street banks to raise significantly their projections for oil prices in the short and medium term.
Read more ....
WNU Editor: So much for everyone saying that the era of oil is dying.
Update: This is not going to help .... A Global Oil Shortage Is Inevitable (OilPrice.com).
17 comments:
Biden Effect
explain how
I'll turn that around on you. You explain how it is not Biden's fault.
yo! dudmmy!
in law we say: he who asserts must prove. Not the other way around. try some schooling
Of the price that increases, how much is shortage and how much is speculation and thus filling pockets?
The lefts' forced transition to green energy. Regardless of the damage it causes. Typical communist logic. Definitely not Trump haha
Too bad you didn't think of that earlier. How's that bed you made?
Lololololololo
Proof via inspection
F.R. Lapides, you have never heard of them term, because you are a bigot and never received a proper education.
"When I was in high school, I couldn't read and they couldn't figure out why, but I was unable to read, I mean, you know, little words. "
Come on Freddy, you can do much much better!
Nice to note that my oral history put online as a Rutgers grad who served his nation is here used by guys who never served but who stalk me without the guts to use their real names. You anons are as fucked up as the parents that spawned you.
"I could not read." true. But I did learn thanks to a kind woman and went on to get my PhD while you finished high school and now are night manager of a Seven Eleven
'"I could not read." true'
So how did you pass your test?
* Cheat?
* Given a 70 point handicap on a 100 point test?
* Socially promoted?
Solid C, but cannot read. That does not compute. It is just because of such situations,
where there is bad grading by schools, that people have to suffer taking college entrance exams.
A night manager can prove quantitatively how many goods and services he or she brings to society. The same cannot be said for many non-STEM majors and teachers. In fact they bring about the same goods and services to society as a lost war. Take a bow.
ah, the girls are out in force to tell us about the science class they took in summer school
FL does not have an answer about how he passed written test without being able to read polysyllabic words. So the 3:09 comment is his answer.
Exactly, not like you.
So you admit it's your oral history, that's very good to know.
Lapides tell us how you "served".
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