Is oil really hitting the USD 150 barrel?

We come from a very special situation. We have shut down the world economy. Politicians and bureaucrats decided what was crucial. So in some countries the sale of liquor was strictly necessary, in others it was not, and still others did not have the luxury of closing the country. People live there from day to day. Why worry about an incentive care being overloaded if there is no intensive care? Now, almost secretly, a lot of policies and regulations have been pushed through.

But I have also started preparing my preview. How do I look to the future and what and how. So I'm going to ask what people. All in parts. A person I hold very highly of talked about oil. 150 de Barrel oil. Yes, that makes you think. Earlier I wrote about 100 USD Barrel. Sounded like a possible maximum price to me.

Maximum prices are usually very interesting to me, as well as minimum. I see it as a method of arriving at neutrally established possibility. I see that as a framework. As a method to sharpen my brain.

But USD 150 the barrel of oil. There must be a reason for that. After all, that's not going to just happen. American Shale can be added. OPEC can use its destructive cartel and produce to the maximum.

So this makes you think. A justification lies in the ESG choices that European oil companies have made. They no longer invest in the extraction of new oil. So they are like a snake that eats itself. They don't grow any bigger.

No, I have nothing against renewable energy. I am for cheap and reliable energy. One that must be produced without subsidy. Then the cheapest and most reliable has to win.

It will surprise you. But such an oil price is bad. Not just for the world. But also for the oil industry. It will, temporarily, cause a profit explosion. One for which you can profile yourself