RE: Oil Prices18 Sep 2023 12:42
Do not agree with you LTT about oil prices. There will be no 'demand destruction' in my opinion. Even at £300 per barrel, demand will not decrease for fertilizers, drugs, plastics etc., all of which contain oil, not to mention the energy they require to make them and skyrocketing winter energy bills. Inflation will go up and up, making today's levels seem benign. Many will die of malnutrition and starvation. I do agree with you that Gideon needs to pull his finger out.