Prices for crude oil, the world economy’s most essential commodity, will need until 2020 to recover from the price war unleashed last year by Saudi Arabia, the International Energy Agency said Tuesday. Under its base case scenario, the IEA said it expects crude prices to recover to around $80 a barrel by 2020, as the market gradually rebalances by taking high-cost supply out of the market and encouraging higher demand growth. Thereafter, it expects only tepid demand growth for another 20 years, as alternative sources, especially renewables, expand their share in the energy mix.
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Finally. A reasonably sober discourse on the matter of crude pricing. Not a single reference to "curry". No mention of "carpet pilots". Poster can NOT be a Baker Hughes alumni. For a moment I forgot I was still in the cesspool that is Baker Hughes.
Fortunately, Obama has little to do with it, at this stage. Or, have you overlooked the fact that Russian military is sitting in the big, fat middle of Syria? Vlad's not there JUST to prop up Assad, either. He, and Iran, are the defacto new hegemony in the Middle East, now, thanks to the Gay Kenyan's lack of balls. Now,... here's the Test Question: What's the ONE THING that Russia and Iran would most like to see happen, in the near term? Hint: It starts with "crude" and ends with "higher". RIGHT! Very good! They both want crude prices to go higher! Now,... if Vlad has already taken the fairly drastic measure of clomping his military, there, how much longer do you suppose he's just going to sit around and continue to watch his oil profits shrink away? My guess: Not long. Oh,... the other reason Russia and Iran are supporting Assad: Syria is strategic, in the sense that a new natural gas pipeline that both countries want to build, to transport Iranian gas to Europe, must pass through Syria,... giving Vlad, for all intents and purposes, total and complete control over a 2nd major gas supply to Europe. Control. Power. Influence. And, through all of this, Gay Barry is still sending our aircraft on missions to bomb desert sand. Pretty much on par,... for an idiot. Am I wrong, here?
Obuma bosh nexon curter wishington ragan are just some of the US presidents Anonymous197442 can name!!!! Hopefully he doesn't work in logistics?
2016 will be just as bad or worse than 2015 especially since Obuma will still be in the White House. Obuma is not for the oil industry
Bullshit you Yankees your heads are up ur ass
And, the stimulus for investment in renewables, while fossil fuels languish at record lows, would be,.....?
Laughable.