It’s a world of hydrogen, lithium, aluminium, wind, solar, wave, even some oil still. The power revolution isn’t about one dominant source of energy.
This could crash the crude oil price, with more supply flooding an already oversaturated oil market.
Green energies, battery power and storage — these are the future of energy. These are energies that war can’t control, and that takes power away from governments.
The Papua New Guinea (PNG) oil company, Oil Search [ASX:OSH], has turned from prey to predator.
From the European Union’s point of view, the relationship between Russia and Greece might already be too close for comfort.
Trump may indeed be the catalyst for the US market to take a highly emotional drop 180 months on from 9/11. After all, what goes around, comes around.
This event starts with the British and French. Yet it ends in the struggle to dominate oil assets around the world by every global superpower.
One of the better fundamental oil market analysts around agrees with many of the points I made back in January and is willing to offer a specific price target.
Looking at the big picture, the US dollar is going higher…a lot higher. If I’m right, crude oil’s current rally is unsustainable.
For crude to rally higher, it needs to close above those levels — and the March high — next month on a weekly basis.