If the swing producer has truly shifted from the shale patch back to OPEC, then one wonders whether the floor price of oil might already be in for the next few years. Whether it may be $100 a barrel or $120 a barrel might be the new target range. China is more concerned about actual supply and also printing lawn to pay for that energy. There's a potential for a substantial shift that I think two decades from now historians might be writing about this time period in a different way than it's currently being covered in the media.
If a country can’t get natural gas to power its needs, where does it turn next?
Doomberg is an anonymous team of energy writers working on the number one financial publication on Substack. Motley Fool Senior Analyst Nick Sciple caught up with Doomberg to discuss: - Tradeoffs made during Europe’s energy crisis - A durable shift for coal demand - Countries shutting down (and investing in) nuclear energy - An energy storyline that “many analysts are underestimating”
Company mentioned: PXD
Host: Nick Sciple Guest: Doomberg Producer: Ricky Mulvey Engineer: Rick Engdahl
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