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In this video I provide Oil Price Forecasts for 2023 that have been put together by Reuters in conjunction with a panel of 30 Economists & Analysts.
For specific details please check out the CHAPTER list below.
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Chapters:
0:00 Intro
1:40 OIL
4:02 GLOBAL RESERVES
4:48 OIL USAGE
7:08 OIL TYPES
9:23 HISTORIC PRICES
11:52 FORECAST PRICES
14:14 SUMMARY & CONCLUSION
#UKRAINE
#RUSSIA
#GLOBALFINANCIALCRISIS
#RUBLE
#SWIFT
#RECESSION
#CHINA
#USA
#NATO
#WW3
#WORLDWAR3
17 Comments
First
Canada stands to reap a fortune….
The West keeps on bumbling. You can’t dictate the price of a commodity you do not possess. No surprise here
Global economy? Oh you meant USA, Canada , uk and eu. There are more countries in Global economy , where Russia and middle East will supply at discounted prices. The problem is for only hegemonist countries.
Regarding oil supply – as the price per barrel increases more oil reserves become profitable to extract.
🤣
Globalization is a huge curse. ..
Blimey, you keep strange hours….
Not convinced that oil prices will rise while a global recession is taking hold. If they do, will countries abide by the Russian price cap or circumvent it somehow? Buckle up buckaroos!
Oil is the 21st century version of 0 BCE or 0 CE of slavery. Work 'em, use 'em, throw 'em away. Slaves, dead dinosaurs and ferns, who cares?!?! Bunker C, Sweet, that is for all those other folks. . .I gotta get my coffee and cream and honey
Oil oil oil
on the road
between Siberia
and the western world, via Moscow, Tourette's.
Yesterday, Russia's economy was being destroyed. Now the price of oil is going to skyrocket.
the graph title says forecast for '23 but the x axis label only shows the end of '21 and all of '22.
You try to live in -40 for 4 months of the year🇨🇦
Joe do you honestly think inflation will drop significantly in 2023 though??
Are you an economics lecturer
or a retired The City worker
burnt out
Joe Blogs? Answer please. 👍😎🙃$$$$€¥£
A barrel of oil contains about 1,700 kilowatt hours of work potential. That's a half decade worth of your work. Add together what the US (For example) uses, and that's a 500,000,000,000 man artificial workforce supplementing our economy. There is no growth; you can only change the rules so the oil comes out of the ground quicker.
When the oil runs out, everybody is going to learn about that which we take for granite.