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Sound On: U.S. Bans Russian Energy Imports

Balance of Power

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Crude Prices Will Rise, Will Cruto Prices Stop Rising?

I think a crude can go a lot higher. One of two things is going to happen here on the up either, hopefully, well, russia will sease into stit and will somehow get out of this escalation. That does not seem likely. Buti if that would happen, the sanctions risk to russia's almost eight million barrels a day would go away. And if that happened, cruto prices would fall. However, it's more likely we're going to rise to what we call demand destruction. We're going to have to start hammering consumption of oil. At my company, we estimate that would start to happen at about a hundred and 50 dollars. You don't

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