Expect Lower Oil Prices In The New Era Of Abundant Supply | Doomberg

Thoughtful Money with Adam Taggart · Jan 4, 2024 · 1h 5m

Nothing happens in an economy without energy. And despite the current efforts & hopes to de-carbonize our energy systems, the world remains heavily dependent on oil -- especially as the dominant transport fuel in moving goods from point A to point B. Oil has had a rocky ride the past several years, with its price ranging from a high of $120/barrel to briefly negative prices at the height of the pandemic chaos. Russia's invasion of Ukraine disrupted global trade of oil, and so, to a lesser extent (so far at least), has the resurgence of war in the Middle East. What does 2024 look to have in…