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by Jim Colburn Leave a Comment
Alex Kimani, OilPrice.com, makes the argument against higher prices, here…
Here are 3 reasons why oil prices might remain in limbo for much longer than the bulls could have hoped for.
#1. Another Supply Glut
#2. Covid-19 uncertainty
#3. The renewables boom
But he adds “The bulls might have the last laugh though: Sustained underinvestment in oil projects might actually lead to a supply squeeze down the line which could cause oil prices to spike.”
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