Do you think that Joe Biden will take aim at US shale oil industry ?
If he does, do you think that could push the oil price up and hence be good news for European Oil Cos ?
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Joe Biden, US shale and Oil price.
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Proselenes
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Re: Joe Biden, US shale and Oil price.
Short term I expect oil prices to be weaker now.
Biden is friends with Iran and China and he will allow Iranian oil to flood into China and other countries. This will cause 2021 oil prices to remain low............higher oil prices will not be seen until late 2021 into 2022/23/24 now imo.
Biden is friends with Iran and China and he will allow Iranian oil to flood into China and other countries. This will cause 2021 oil prices to remain low............higher oil prices will not be seen until late 2021 into 2022/23/24 now imo.
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