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It is always a fool's errand to predict future prices. However, 3 years back, WTI was above $100 for over 4 months. How many even remember that? I don't see major impact beyond small general inflation. People will economize by avoiding wastage. Oil remaining above $100 for a long time, say a few years, is an excellent training to force society to think about life when oil runs out, which it must.WTI price has already exceed $108 bbl. I thought you told us it had been stabilized under $100? @EugeneP It was what? 3 days ago that you said that?
I don't know. I remember WTI price went negative for a couple of days during the covid because there was a huge drop in oil consumption worldwide after the pandemic hit the planet. I don't remember lasting high oil prices since the US invasion of Iraq.It is always a fool's errand to predict future prices. However, 3 years back, WTI was above $100 for over 4 months. How many even remember that? I don't see major impact beyond small general inflation. People will economize by avoiding wastage. Oil remaining above $100 for a long time, say a few years, is an excellent training to force society to think about life when oil runs out, which it must.
This 'Iranian'-Canadian Pehalavist is vile. Many of you may know her from her appearance on Piers Morgan. Here she insults Pakistan;
Oh Bhai. Khuda da wasta tenu.Pakistan rises and shines when under sanctions. Been there before.
I almost dare them to sanction us, we will come out better.
arstechnica.com
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