RE:RE:Oil market timeing to right itself.Yasch22 wrote: There are loads of implications for the ex-Exxon guy's call for 3 to 5 years of high oil prices.
3 to 5 years of high oil = massive demand destruction.
Oil producers will make huge profits, especially those that resist expanding capex.
High oil MAY not run in lockstep with higher share prices. The big questions will come from the way analysts and investors deal with the "forward-looking" parts of their theses. Will oil maintain ~100m bbl/d for another 5 years? 10? 15? 20? Or will demand grow steadily for 5 to 10 or 15 years, even at a slow pace? Or will it start shrinking?
Plenty of blah blah blah about EVs.
Not going to turn out the way Utopians are projecting.
How did a $1400 battery become a $7400 battery?
The beautiful bottlnecks of batteries for all
https://www.investorvillage.com/uploads/13942/images/image.jpg More to come