Nothing written herein should be construed as financial or medical advice.
Monday, January 9, 2023
Oil price likely to go on falling
As the world economy slows, the oil price will fall. I expect a GFC-style recession in 2023/24 and its impact on oil will be compounded by rise of EVs, which were 0% of global car/light truck sales in 2008, but are 15% now, and 30% in China.
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