$CL Crude oil to 200$
Updated
I want to point out the below reasons that might lead to a 200/b oil:
By 2050 EIA forecast Brent oil prices of 105/b.
Carbon taxes have ,which most probably will increase under a Biden administration, as a way to stop climate change and raise more awareness. Without shadow of a doubt they would raise oil prices too high, imposing a regressive tax on the poor.
Will update on more incoming information
- Projected to average 553/B in 2021, according to the U.S. Energy Information Administration's (EIA)
Oil prices started strong this year at 664/B in January
The demand for oil has dropped because of the coronavirus pandemic
A democratic government which will probably legalize new measures to fight climate change
EIA estimates global oil increase by 5.6 million b/d in 2021 and 3.3 million b/d in 2022
By 2050 EIA forecast Brent oil prices of 105/b.
Carbon taxes have ,which most probably will increase under a Biden administration, as a way to stop climate change and raise more awareness. Without shadow of a doubt they would raise oil prices too high, imposing a regressive tax on the poor.
Will update on more incoming information
Note
100 today,wait for when the war to begin and this thing will shoot to 200$thank me later
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