RE:RE:RE:Supply and demandSaudi could be controlling the market right now because they wont have the same ability to do so 24 months from now as easily.
If China EV sales hit 12m in 2025...how in the f can Saudia withhold production anymore and boost prices?
I read an interesting article the other day, China has been planning this EV push since 2015 at a cost of 176billion dollars.
I think middle east is about to be taught a life lesson by China.
With China such a large world wide oil importer, middle east has been too cocky for decades with china.
The middle east needs to adapt to the new world in China and not spook consumers with 100 dollar oil by manipulation. World is changing. China is communism, they can just force citizens into Ev's.