Motorsport3
Member
- Messages
- 889
What is the consensus of the forum regarding the oil price?
While I appreciate geopolitical developments and global inflationary pressure are driving at the moment prices higher, I've been reading articles that essentially say that higher prices are almost welcome as they are the necessary catalyst for green energy transition.
Big oil is advertising their green energy diversification initiative which investment community seem to cheer. Therefore lack of hydrocarbon investments is possible. I wonder whether the dynamics are explosive for the oil price.
While I appreciate geopolitical developments and global inflationary pressure are driving at the moment prices higher, I've been reading articles that essentially say that higher prices are almost welcome as they are the necessary catalyst for green energy transition.
Big oil is advertising their green energy diversification initiative which investment community seem to cheer. Therefore lack of hydrocarbon investments is possible. I wonder whether the dynamics are explosive for the oil price.