Oil Economy Focus Rapid Review
Pierre Andurand, a prominent hedge fund manager, said the current reluctance of energy companies to invest in new production meant $300 a barrel was “not impossible” within a few years… There are concerns that the impact of electric vehicles on future demand was limiting investment in projects with long lead times. These peak demand fears might bring the largest supply shock ever. He also went against the view that triple-digit oil prices would dampen demand growth: “So no, $100 oil will not kill the economy,” … “And we need +$100 oil to encourage enough investments outside of the U.S.”
LINK TO THE SOURCE ARTICLE: $300 oil not impossible
