Future Shock: The year is 2021 and oil is at $150…
What an eye-grabbing title for an article that Dusgyant Choudhary recently wrote.
The article is written with a date of April 1, 2021, and it shows Brent Crude hitting $150.00 per barrel. With oil having a hard time hitting $60 present day, it’s not hard to imagine the world being in shock at the outlook of $150.00.
The factors he discussed leading to a huge rise in oil prices include:
- Lack of investment in exploration
- End of easy money and rise in interest rates
- Saudi Aramco IPO
- Continued growth in oil demand
- Financial speculation
He writes on “The confluence of these 5 separate developments over a short period of time has been behind the unrelenting rise in oil prices.” And like most near-future science fiction, it’s very rooted in reality.
To read the full article, click here.