Let's talk about Crude Oil

[ZZZZJ]

Hi, i'm new here~
like to discuss about Crude Oil~

 

[Farm Yard Forex]

Hey there. I think that even with Saudi oil helping to make up the Russian shortfall it will push prices up as it is ultimately a finite resource. The flip side of course is over the coming years if this war sparks countries to reduce their reliance on oil that supply exceeds demand. I think we are some way off of that though.

 

[HeavLeighGill]

Hey there. I think that even with Saudi oil helping to make up the Russian shortfall it will push prices up as it is ultimately a finite resource. The flip side of course is over the coming years if this war sparks countries to reduce their reliance on oil that supply exceeds demand. I think we are some way off of that though.

I agree with your prediction, expecting to see prices continue to rise but I do hope that this changes things in the future.

 

[Farm Yard Forex]

Sadly it normally takes war to bring about rapid innovation. A future without Russian oil and gas for the west requires this rapid innovation.

 

[Farm Yard Forex]

For me, the keyword here is rapid. Though it’s true that war drives technological advancements, it will certainly take time. I wish that we get a green alternative for crude oil because even if it has made our life easier, it has affected the environment so negatively.

100%. I hope it's the kick start the world needs to reduce reliance on fossil fuels for the benefit of the climate, even if it is driven by politics.