Posted by Gannina > 2021-09-27 22:42 | Report Abuse

The US too enjoys the ride with their shale oil.

Posted by Tobby > 2021-09-27 22:42 | Report Abuse

Just as predicted, we are seeing usd100 by next year! It will be the new normal for oil price worldwide!
So you going to hear about shortage of oil and how oil will be goner in 50 years or so!
The same narrative is back! The same 2013 song all over again!

Posted by Tobby > 2021-09-27 22:42 | Report Abuse

Gannina! US shale oil producers, not really! They may face ban in coming months!

Posted by Tobby > 2021-09-27 22:43 | Report Abuse

Unless of course they willing to pay premium to Democrat lobbyists! Yeah, the old corrupted lobbyists are in full blast lately!

Posted by Tobby > 2021-09-27 22:44 | Report Abuse

How ironic! Democrats are so anti Russia! And yet the are making Putin bloody rich every second!

Posted by Gannina > 2021-09-27 22:44 | Report Abuse

Remember 2008, oil price was continuing up to ~~US$140 before the crash.

The same scenario is unfolding, history repeats that a global CRASH is around the corner.

Posted by Tobby > 2021-09-27 22:48 | Report Abuse

Gannina! It's was 2013! Shot up above usd100! Even i said it will go up even much higher! And i was wrong of course!
But this round it's different! China consume tons of oil too! In 2013, China demand for oil was lower! Today, far greater!

Posted by Tobby > 2021-09-27 22:49 | Report Abuse

Beside EV adoption is not yet there! ICE car sales continue to grow at the moment! So go figure!

Posted by Gannina > 2021-09-27 23:24 | Report Abuse

China is dumping it's oil reserve.

Posted by Gannina > 2021-09-27 23:25 | Report Abuse

https://klse.i3investor.com/blogs/7777/2021-09-12-story-h1571499108-Oil_Game.jsp

Posted by Tobby > 2021-09-27 23:31 | Report Abuse

Yeah! I know about China oil dumping! It doesn't work! Oil price continue to go up! I think China should not have dump it so soon!

Posted by Tobby > 2021-09-27 23:31 | Report Abuse

Imagine now that china has exhausted it's oil reserve, oil producers continue to hold consumers hostage!