LogFAQs > #965666860

AngelsNAirwav3s posted...

Without the Ukraine war, I think the prices would have briefly risen to above $100/bbl, US drilling was just too far behind to catch up to the production demand, and since 2018 investors had 0 interest in growing production, all Wall Street wants is some return for investors (after 0 return for the entire shale revolution since 2010). Even about a year ago I remember there was a lot of speculation among analysist that oil would go back to $100 as demand returned to normal, and shale production would be too slow to respond. OPEC has even been struggling for a while to meet their production commitments.

this makes a lot of sense to me. I recall a similar effect in July 2008, where we saw the brief peak after months of rising prices, followed by a price crash. but nobody can plan their investing to predict a baseless war.