The Next Oil Price Spike May Cripple The Industry

Two diametrically opposed views dominate the current debate
about where the oil price is heading. On the one hand, there is the
view that the price of oil will be “lower for longer”, or even
“lower forever”, as the electrification of transport will eat away
at oil demand more and more while, at the same time, technological
innovation (shale in particular) will greatly increase economically
recoverable resources. On the other hand, however, there is the
view that the price of oil is set to explode, primarily due to
underinvestment…

Two diametrically opposed views dominate the current debate
about where the oil price is heading. On the one hand, there is the
view that the price of oil will be “lower for longer”, or even
“lower forever”, as the electrification of transport will eat away
at oil demand more and more while, at the same time, technological
innovation (shale in particular) will greatly increase economically
recoverable resources. On the other hand, however, there is the
view that the price of oil is set to explode, primarily due to
underinvestment…