pull down to refresh
10 sats \ 1 reply \ @grayruby 9 Apr \ on: When do you think we'll see a new ATH in Oil? 🤔🛢️ charts_and_numbers
Oil and gas development has been underfunded for over a decade now due to ESG investment mandates. Many of those mandates are now gone but these projects have a long lead time so any threat to middle east supply and we could easily see oil at 150. There will be immense political pressure to not allow that to happen so I am not sure it will happen this decade but that's what I picked. 2030s might be more likely though.
I personally think that this will happen after the 2030s ....
I think they have been moved years and nothing related to years of peace. And that will force further the rising price of the main assets and raw materials of the world.
reply