Price is consequence of demand. Demand is consequence of adoption. As more countries transit into industrialize countries, the demand for oil will increase at higher pace than the transition to other energies which requires an infrastructure which countries on transition to industrialize do not have
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.