Post by
soundandfury on Jun 06, 2021 12:58pm
I would not discount a rediculous high oil price
As a result of increased demand and major oil companies like shell and exxonn reduced investments and production targets.......without investments to bring on new supply oil could easily top 200.00........after engine 1 exxonn fiasco anything can happen if the shift to green is not gradual ....imo
Comment by
Backinblack1000 on Jun 06, 2021 5:09pm
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Comment by
LiquidOctopusV2 on Jun 06, 2021 5:46pm
$200 is based on how seriously the worldy takes the IAE report. As we can see, Russia and the Middle Eastern producers think it's a joke, which it is. There must be capex on new wells and drilling. If not, we'll all be in the dark.