RE:NG 3.2$ nowYou really think Biden is manipulating any energy product downwards? lol...if Trump get's into power you think oil prices will be good?
2024 may not have a serious crisis (sub 50 oil) because Biden drained the SPR.
Back in 2019 fall before Covid...the world was always facing problems due to USA production.
Why do analysts think this has changed? It hasnt.
The piplelines to increase production in Permain basin was built yet before 2019. USA can get to 14m plus if prices are high enough.
Analysts got a gift from OPEC production cuts.
But people are still too stunned too see demand is an issue.
Opec is producing less oil in 2023 Dec than in 2019....analysts should question how logical this is too last.