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.
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.
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Why are these two so sad that the oil prices are low… Lol
So are oil prices going to be repriced downward?
Looks like someone is holding a bag 👀😂😂
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.
I lost faith in this lady some time ago.
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.
A lot of haters. But she has a hard job. Can you do better?