WR1 0.73% $1.37 winsome resources limited

I mean there is a reason why fuel prices are so expensive...

  1. 4,290 Posts.
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    I mean there is a reason why fuel prices are so expensive still... What's going to happen when oil prices eventually drop?? Will it be a good scenario for USA or bad? USA average cost per barrel is 60$ folks, you can thank them for the 2$ per litre when i could be 50 cents and Aramco would still probably make 20+ billon per year or more. Guess what it costs in the middle east? $5-$10, Norway has built an entire country for EV's based off there cheap oil too, they're around 10-15$ per barrel from memory. I believe Aramco made like 48 billion in a recent quarterly.

    Batteries are unfortunately not fuel, because fuel is used and gone, therefor the way it's supplied isn't the same. Battery's can be recycled and are upfront cost, so the same parameters will not be put on them... We can all hope it will be similar though.

    Last I checked we seem to follow what the USA does very closely on our stock exchange.

    Little thing's like this pop up to make people like you avoid them. That's fine with me


    Not saying this big issue will happen anytime soon, but it will happen in the next 10-20 years. Ride this one whilst you can.

    My opinion. DYOR!
 
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