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The Forum > Article Comments > Will oil hit $80 this summer? > Comments

Will oil hit $80 this summer? : Comments

By Julieanne Geiger, published 13/5/2021

Despite the group's relative success at curbing oil production to prevent excess oil inventories from ballooning before the market fully recovers, India's booming case counts have prevented oil prices from a quicker recovery.

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Only if OPEC keeps turning down the valve. Even so, some of the sanctions could be lifted from Iran, who could make a nonsense out of OPEC's strategy, by flooding the market with more production than demand? And force prices down as they did previously.

This would ensure that Saudi Arabia, also lifted production to limit Iran's cash flow, as they did previously! Given the implacable enmity that they share!

In the meantime, the world gets closer and closer to the commissioning of an operational Molten salt thorium reactor!

I wait for that day and the electrification of most economies. Then who will give a flying french Frankfurt, what the deleted expletive, price oil reaches or how much is left in the ground untapped and unsold!
Alan B.
Posted by Alan B., Thursday, 13 May 2021 11:34:05 PM
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