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/
If oil climbs to $150 and above, it will only push people...
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