Let's talk about Crude Oil

  • Thread starter Thread starter ZZZZJ
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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.
 
sebking1986 said:
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.
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I agree with your prediction, expecting to see prices continue to rise but I do hope that this changes things in the future.
 
Sadly it normally takes war to bring about rapid innovation. A future without Russian oil and gas for the west requires this rapid innovation.
 
affreux said:
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.
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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.
 
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