US oil companies need atleast 80-90 USD to keep themselves profitable. But BRICS nations and OPEC will ensure that oil prices remain consumer friendly without distorting the energy demand in Asia and other emerging economies.
I dont know where you get those figures, but the cost of a barrel for large oil producers are half of that. They are actually aiming to bring down the cost to around 30 USD.
I agree 100 percent that we should replace oil but only if we have a viable source of energy that will replace oil and that doesn't exist...a good start to oil replacement is with nuclear energy but it seems that we can't even do this even though it has been around for 70 years...wind and solar are out. They are too pricey to build and maintain currently.
Amrita sen always wants prices to be up but that is expected since she represents body which has vested interest in oil. Oil is structurally headed downwards both in usage and prices. Expect oil demand to be at 40mn bbl/day by 2050. Battery prices are crashing. it will be $50/kwh by end of this year. Once sodium battery is up and running, we could see even $10/kwh. Ev prices will then start at $5k. we could see EV prices at half the price of ICE cars for same level of performance. If tariff on chinese EV are lifted, oil demand will crash by 20mn barrels/day by 2030. One more point to add is that she does not speak of supply from guyana. she purposefully removes it. She always omits if something is not in favour of higher oil prices.
US oil companies need atleast 80-90 USD to keep themselves profitable. But BRICS nations and OPEC will ensure that oil prices remain consumer friendly without distorting the energy demand in Asia and other emerging economies.
I dont know where you get those figures, but the cost of a barrel for large oil producers are half of that. They are actually aiming to bring down the cost to around 30 USD.
Looks like someone is holding a bag 👀😂😂
Chinese EVs not factored in. Out of 5, three EVs sold locally in China.
I agree 100 percent that we should replace oil but only if we have a viable source of energy that will replace oil and that doesn't exist...a good start to oil replacement is with nuclear energy but it seems that we can't even do this even though it has been around for 70 years...wind and solar are out. They are too pricey to build and maintain currently.
So are oil prices going to be repriced downward?
A lot of haters. But she has a hard job. Can you do better?
I lost faith in this lady some time ago.
Why? She is talking facts. Oil should not be this low.
Oil?
Amrita sen always wants prices to be up but that is expected since she represents body which has vested interest in oil. Oil is structurally headed downwards both in usage and prices. Expect oil demand to be at 40mn bbl/day by 2050. Battery prices are crashing. it will be $50/kwh by end of this year. Once sodium battery is up and running, we could see even $10/kwh. Ev prices will then start at $5k. we could see EV prices at half the price of ICE cars for same level of performance. If tariff on chinese EV are lifted, oil demand will crash by 20mn barrels/day by 2030. One more point to add is that she does not speak of supply from guyana. she purposefully removes it. She always omits if something is not in favour of higher oil prices.
Why are these two so sad that the oil prices are low... Lol
Future, if price is low, investment for future oil will not happened and price will go upp in the future...
@@lelleS6 Organizations who sell Bonds at High Oil Prices,
have to pay off the Bonds as Oil prices drop.
Economic War is Hell.