Fund manager: $300 oil is ‘not impossible’ within a few years – Business Insider
9 May 2018
- Leading oil hedge fund manager, Pierre Andurand, said that $300 per barrel oil is “not impossible” within the next few years.
- Lack of investment in new production due to low oil prices and fears of electric vehicle peak demand could create higher crude prices, Andurand said in a tweet on Sunday.
- ”So paradoxically these peak demand fears might bring the largest supply shock ever,” he wrote, adding, “If oil prices do not rise fast enough, $300 oil in a few years is not impossible.”
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