This guy really knows his stuff (not surprising given his previous position). He sees oil floating between $90 and $130 for the next several years so you can start doing the math. GLTA

Canada should be a big part of the solution for long-term global oil supply: Oil industry veteran

Antoine Halff, chief analyst at Kayrros, and former chief oil analyst at IEA, joins BNN Bloomberg to discuss the impacts that global sanctions on Russian oil imports is causing on the market. He notes wild swings in oil prices that could range up to $130 will be the new normal. He also believes Canada can play a key role in being a long term global oil supplier.

https://www.bnnbloomberg.ca/video/canada-should-be-a-big-part-of-the-solution-for-long-term-global-oil-supply-oil-industry-veteran~2404414