Let’s be honest: The oil market has always been wrong about long-term prices. Unsurprisingly, it’s currently wrong in anticipating that a barrel of crude will cost around $60 by 2030, close to current levels. Barring an economic cataclysm, oil will be more expensive five years from now.
www.bloomberg.com
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The Oil Market’s Gloom About Long-Term Prices Is Overdone
