Tuesday , November 5 2024
Home / Mike Norman Economics / Nick Cunningham — The Threat That Will Send Oil Down To $10

Nick Cunningham — The Threat That Will Send Oil Down To $10

Summary:
Oil prices will need to trade at around to per barrel in the long run if gasoline is going to be able to compete with electric vehicles and renewable energy. That startling conclusion comes from BNP Paribas, which warned in a new report that crude oil is facing an existential and likely mortal threat from renewable energy and EVs.... Oilprice.comThe Threat That Will Send Oil Down To Nick Cunningham

Topics:
Mike Norman considers the following as important: , ,

This could be interesting, too:

Angry Bear writes The U.S. government is draining 42 million gallons of gasoline from its reserves

Angry Bear writes Oil industry is Writing Executive Orders for Trump to Sign

Angry Bear writes Gasoline, Part D, and Medicare Inflationary Increases

run75441 writes We would’ve never been able to see cricket live on television

Oil prices will need to trade at around $9 to $10 per barrel in the long run if gasoline is going to be able to compete with electric vehicles and renewable energy. That startling conclusion comes from BNP Paribas, which warned in a new report that crude oil is facing an existential and likely mortal threat from renewable energy and EVs....
Oilprice.com
The Threat That Will Send Oil Down To $10
Nick Cunningham
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *