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Maybe but they still are set for their worst first-half performance since 1998.US Rig counts went down by a couple today. Prices up a bit because of it. It will be interesting to see if this becomes a weekly trend for awhile.
Well that is why the rig count went down I'm guessing.Maybe but they still are set for their worst first-half performance since 1998.
OPEC quintupled its forecast for sales of plug-in EVs, and oil producers from Exxon Mobil Corp. to BP Plc also revised up their outlooks in the past year, according to a study by Bloomberg New Energy Finance released on Friday. The London-based researcher expects those cars to reduce oil demand 8 million barrels by 2040, more than the current combined production of Iran and Iraq.
BNEF expects electric cars to outsell gasoline and diesel models by 2040, reflecting a rapid decline in the cost of lithium-ion battery units that store power for the vehicles. It expects 530 million plug-in cars on the road by 2040, a third of worldwide total number of cars.
I was gonna make a post like, just give it time, but only needed a few days. When they rally all I can think of anymore is "just give it a couple of days".You were pretty quiet last week.