Experts predict an increase in oil prices to $100
Many countries are beginning to give preference to "green" energy. In this regard, investments in the oil and gas sector are declining. This process began in 2015. Last year, the volume of investments of large companies in the development of oil fields and production of raw materials decreased by 10-50% compared to the planned volume of investments. Experts believe that the decline in investment in the industry in the coming years may lead to the formation of a shortage of oil on the market. And this will cause its price to rise to $100 per barrel. This scenario looks quite real. Especially considering that it usually takes from 5 to 7 years to develop a new oil field. JPMorgan Chase and Goldman Sachs previously announced a possible increase in oil prices to $100. They noted that the response of the authorities of developed countries to the current crisis is actually the same as during the crisis of 2008-2009. The downturn in the economy was then stopped with the help of large financial injections. This led to a sharp increase in demand for energy resources. Oil prices exceeded $ 120 per barrel. Bank experts believe that in 2023-2025, such a scenario may be repeated.