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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Kirk © who wrote (16517)8/14/2023 5:11:24 PM
From: Qone01 Recommendation

Recommended By
skier31

  Read Replies (1) | Respond to of 26758
 
Give it another decade and it will be at $20. And you will long for these prices. So enjoy them while you can. The entire known world oils reserves will be exhausted in 40 years with peak production coming in 2025 if we are not there already. If the Saudi's don't increase production in a few months. Then they can't their fields are becoming less productive.

This is why all the worlds auto manufactures are going full throttle into EV's and away from ICE. Has nothing to do with green, that's just the sales pitch while the ICE to EV conversion takes place.