Whilst I would love it to be true, the reality is ... it is a crazy ludicrous notion...Look at the calls for $200 oil in the last twelve months... Price did not get near it because there are numerous checks and balances in global oil production that always seem to subdue the swing of the POO pendulum.
eg At $200-$300. Demand will drop like a stone..
One easy example is how many people are going to fly if the price of an Airline ticket doubles or trebles.
Then consider, Every consumable will be cost prohibitive creating even more inflationary pressures and global trade will slow dramatically.
The current sluggish move to EV's will be sped up considerably further reducing oil demand long term.
Just my Thoughts.
Whilst I would love it to be true, the reality is ... it is a...
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$1.91 |
Change
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Mkt cap ! $1.526B | |||
| Open | High | Low | Value | Volume |
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| Price($) | Vol. | No. |
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| Last trade - 09.51am 30/04/2024 (20 minute delay) ? |
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$1.89 |
Change
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| Last updated 10.11am 30/04/2024 ? | |||||
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