RE: Oil sentiment28 Jan 2021 16:31
This is a good question and has been on my mind also. I'm not in any way certain, however I guess if I thought the oil price would tank, I'd be out of here as soon as it went above 3p. Alas, all the experts are forecasting the oil price to go up.
My guess is the lack of oil sentiment in USA will in the short term (1-3 years) rise the oil price but may cause a drop in next ten years or so. Ivan work with that.
Of course, who knows what will happen. At anytime there can be a game changer to change EVERYTHING. But a lot of industries still rely on oil. Not just auto. Lubrication, power, processing, so many things.