The Winners and Losers of Energy Transition - The Green Line - Ep 5
The Red Line
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The Demise of Oil
As demand inevitably shrinks, the oil price is certain to shrink with it. Some countries would be losing money on every single barrel of oil they produce if prices drop below $45 a barrel. Even when we reach the $30 a barrel mark, fracking in the US becomes untenable. The advantage that the high capacity producers in the Gulf have will continue to leverage going forward as markets become more carbon conscious.
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