If oil climbs to $150 and above, it will only push people towards EVs. Not to mention the inflation it will cause.
I will never want to see oil going anywhere near $150.. no point making money on WPL/oil stocks if you have to pay it back for inflated prices of everything that needs oil for support.
OPEC's strategy is to recoup the billions of oil $ they lost last year without losing the volume.
Not sure which source you are using but Barclays and Morgan expect it to be in the $77-$85 average range in 2022
https://www.reuters.com/business/energy/barclays-raises-2022-oil-price-view-likely-supply-deficit-2021-09-28/
WPL@$30, page-2264
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Last
$25.27 |
Change
0.335(1.34%) |
Mkt cap ! $47.33B | |||
| Open | High | Low | Value | Volume |
| $25.20 | $25.34 | $25.11 | $22.79M | 895.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 713 | $25.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $25.27 | 947 | 6 |
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| Last trade - 10.24am 17/10/2024 (20 minute delay) ? |
| WDS (ASX) Chart |