OPEC is bullish on Oil prices

OPEC’s Secretary-General Abdulla al-Badri sees a real possibility that oil prices could explode higher to upwards of $200 per barrel in the future.

What he’s stating is that as the world slows its investments in oil production, something we’re intimately familiar with in the Oil Sands, the demand will continue to rise, but the supply will be tapering off.

If supply drops and the demand continues to rise, one might expect the price to increase

If supply drops and the demand continues to rise, one might expect the price to increase

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