- On possible release of more emergency oil reserves, “we are not there yet”
- However, it is definitely under consideration
- We should prepare ourselves for volatile markets for some time
- If Strait of Hormuz is not reopened, we must prepare for significantly higher energy prices
- We estimate it will take approximately two years for overall oil production to reach pre-war levels again
- The push for use of electric vehicles will increase faster than previously anticipated
More to come..
This article was written by Justin Low at investinglive.com.
