Will rising gas prices and fuel shortages increase demand for tesla EVs and electric cars.
Working from home is becoming a more common trend off the pandemic. People are driving less travelling to work each day. Resulting in reduced overall demand for oil.
If china flooded western markets with cheap electric vehicles that were price competitive with gasoline powered vehicles, could consumers resist the temptation to drop crude oil powered vehicles entirely.
I remember back around 2008 "conspiracy theorists" voiced concerns over peak oil. Claiming most easy to reach pockets of crude had already been harvested. And that at a certain point it would cost more more money, time and energy to harvest oil from deep wells than the oil was worth. To an extent middle eastern oil barons could recognize this, which is one motive behind them developing real estate in dubai.
I'm not certain if a long position in oil is a good prospect. Most recent price spikes are due to mitigating factors rather than natural market mechanics. Good luck either way.
Its Good to buy oil.
I guess its better then gold btc or other.
The war in gaza area and tel Aviv will do enough to push oil price high.
I guess many investors now Think about invest in this black gold
Could be 10x Moon oil Moon bullish
i don't know what to base your analysis on, make you think the conflict in Gaza will push oil prices to the highest level. The conflict between Palestine and Israel has been going on for a long time, and if we look at the history of oil prices, the conflict between the two countries has absolutely no effect on oil prices. in fact, both countries are not oil-producing countries, so they have no reason to push up the price of oil.
https://www.worldometers.info/oil/oil-production-by-country/A high percentage of US oil production could be shale based. There is controversy as to how energy efficient/inefficient the process is.