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Why $100 Oil May Be the New Normal
The oil market may have changed for years to come.
Chuck Zodda and Mike Armstrong break down why energy analysts increasingly believe the world is entering a prolonged period of structurally higher oil prices as disruptions in the Strait of Hormuz continue to tighten global supply.
Also covered:
Why the world may never return to $60 oil
How damaged Middle East infrastructure could impact supply for years
The growing risk of jet fuel shortages and higher airfare prices
Why strategic oil reserves are being depleted faster than expected
How rising gas prices are hitting different states and…
The skinny
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