RE:Crude oil now over 90 USDmouserman wrote: Not rocket science, the world runs on diesel, and doesnt matter how much the elite push EVs and alternative energy. We wont see cargo planes , big trucks , trains and huge ocean cargo vessels running on green energy..lol .Isnt enough raw materials in the world to build out that kind of infrastructure. Fuel is STILL the biggest driver of inflation... not interest rates..altho they seem to be pushing up inflation too..
Would argue your statement was equally valid earlier in the year when WTI was trading in the 60s. The main difference between then and now is the Saudis pulling back their production.