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  • 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.” 

     

    Full article available here.

     

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