It will be $105 only with serious demand destruction by a huge global slowdown.
It should be very volitile prices this year fluxuating from 90-160.
The only analyists that predicted this years prices with any accuracy were the ones that follow peak oil. All the rest have been calling for lower prices since it past $50.
Obviously they don’t follow the most important factor production #s. For some reason people do not like the idea that things run out in a finite world so they bury their head in the sand and come up with some other narrative that makes it seem like it has nothing to do with supply and demand.
I just can’t figure out if it is purposeful deception or ignorance….
