1. The Ukraine War is forcing Russia to defect from OPEC+.
2. The G7 price cap + sanctions are allowing China and India to act as an informal buyers' cartel
3. EVs increase the incentive to defect from OPEC.
4. Continuous improvements in secondary and tertiary extractions lowers production costs for the US
Not a fun time to be Crown Prince Bonesaw.
2. The G7 price cap + sanctions are allowing China and India to act as an informal buyers' cartel
3. EVs increase the incentive to defect from OPEC.
4. Continuous improvements in secondary and tertiary extractions lowers production costs for the US
Not a fun time to be Crown Prince Bonesaw.