A "few" years...?
Reputable estimates I can find suggest that the supply shortfall will only worsen, well out toward (and perhaps beyond) 2030.
Sure, very high prices are not sustainable in the long term, but suggesting that they will markedly drop in the next few years is baseless, imo.
Considering the planned/probable/etc new supply, it seems that demand growth will STILL exceed supply growth.
How does that reduce prices in the foreseeable future (7/8/9/ years) ??
IMO the "current prices" are extremely relevant to us and our future commercial operations, at least for this decade. Imo there is good reason to believe that with a further tightening of supply/demand, prices could indeed increase further, and hold such high levels for 6/7/8 years. Maybe more.
Can anyone here provide/link reputable forecasts that show the supply/demand gap closing in 2025/6/7/8/9...?
It will take masssssive investment right NOW in order for this to occur, or some huge technological breakthrough wrt processing/production. I'm not expecting either, and suggest that prices will be "very high" for at least towards the end of this decade.
DYOR!
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