Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : World Outlook -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (38451)	9/25/2023 10:52:25 AM
From: Les H	Read Replies (1) \| Respond to of 51117

How The Transition Push Contributed To Higher Oil Prices By Irina Slav - Sep 24, 2023, 6:00 PM CDT Anti-fossil fuel policies in the U.S. and Europe have led to lower investment in new projects. ExxonMobil CEO Woods: If we don't maintain some level of investment in the industry, you end up running short of supply. Only lowering global energy demand may lead to a situation in which prices will remain under control. oilprice.com They've also said they expect oil production has peaked and need to slow down drilling and exploration to maintain the peak for a longer period of time and slow the decline expected after 2030.