RE: Will be interesting to see how Biden plays this. Apparently9 Oct 2021 18:25
Please read the news. Open are struggling to increase on the previous 400bpd. They can't even meet this let alone go higher. Also demand side is increasing faster. Airlines opening up, covid now very much in retreat, wind is having real problems. There is a real supply demand pinch coming.the experts are all suggestion 8o to 85 min some 90 some 100 even some at nearly 200 next year. Nobody is down at 8p79. But even 70 would smash the 60 the sector was forecasting
Higher.oil is here to stay for a while and 70 for foreseeable beyond that.
Its a problem here and now and no solution on the horizon