Crude Oil At $90/barrel, Is It Headed To $150/barrel

[gab13by13]

Oil people from Qatar are saying that oil to $150/barrel is not out of the question.

Economies all over the world would be devastated, just because Bibi has a copy of the Epstein files, IMO.

[Srkdqltr]

1. Are wind and solar going up also?

[AZJonnie]

3. When oil goes up, everything tends to go up

So, very likely, yes.

[VMA131Marine]

4. Energy generated from renewables is only marginally dependent on the price of oil

Furthermore, since very little electricity is produced from oil (in the US) and you can’t directly use electricity to power oil-fueled transportation there should not be a major impact on the price of renewable electricity. Although there will be secondary effects because natural gas and coal require oil to produce.

[AZJonnie]

5. The question was unclear as to whether it referred to energy production or hardware/installation

So, you answered it the other way it could've been interpreted

[onethatcares]

2. and spring break just started

I wonder how many vacationers planned for double gas prices

[GreatGazoo]

6. The higher the price goes the more supply that comes online

Lots of oil is too dirty to be pumped at lower prices (below $60) but once the price hits $80 you get Tar Sands, Venezuelan, Brent, all of that. Venezuela has massive capacity. 20% of the world supply which by strange coincidence is the exact amount that usually ships through Hormuz. Timing of the Maduro abduction looks suspect in hindsight.

Likely they will end sanctions on Russian oil if the price stays up.