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New Mexico | Lot's of alternatives now in use in several countries.
Been a couple huge "elephant" finds now ( more reserves in those than in Saudi and Russia combined )
The World's potential best 2 customer countries can afford $50 which will move tons of oil volume.
Currency now controls the price of oil.
In the past it was oil that dictated the price of currency.
Granted in the past that was due to usa govt / oil corp allyship.
Those days are over. The ship moved on, now the usa govt will have to figure out how to pay for past abuse of their currency on a one base econ product.
Above $50 and volume sold goes down exponentially. Oil producers have already figured that out the hard way.
The numbers LOSS reality of less volume will eventually move towards making back some equity and lost market share.
Sure the days of the oil marketeers gaming the rest of the econ to $0 action may not be quite over...but it's close to over.
And 2 years after the next too? This is a product that may go down more. Just so many other efficiences out there that can make a barrel of oil stretch 4x to 10x, coupled to the alternaitves which dictate that barrel perhaps was NOT needed to begin with.
Times change.
Hottest selling car models today Worldwide are Not gas....they are electric. | |
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Oil prices - Next 2 yrs
