Why is the oil price not surging with a major war in the Middle East? Any guesses?
This FT piece makes some attempts to explain but somehow does not mention global oil glut, the rise of EVs and demand destruction or any of the factors that are causing, "this time to be different."
This FT piece makes some attempts to explain but somehow does not mention global oil glut, the rise of EVs and demand destruction or any of the factors that are causing, "this time to be different."
Reposted from
Financial Times
Why is the oil price not surging? | Opinion
https://www.ft.com/content/71b2e681-0a8f-4c7c-b698-df918af64764
https://www.ft.com/content/71b2e681-0a8f-4c7c-b698-df918af64764
Comments
Anyone want to guess what $120 oil would do for EV sales?