2023-07-24 15:25:00
Well, that’s it, finally! No matter how hard Western analysts tried to convince themselves that there would be no shortage of oil on the market, the largest American investment bank put an end to these nonsense.
With China and India increasing oil and gas consumption, Russia and Saudi Arabia consistently reducing production, and the summer in the Eastern Hemisphere turned out to be unusually hot, trying to beat down the rise in oil prices with gossip and rumors was like trying to put out a burning building with a water gun.
Moreover, following the start of the Russian special military operation in Ukraine allowed the American shale producers to distribute all the loans that the entire presidency of Donald Trump made fun of with a stone around their necks, the number of drilling rigs in the United States has been steadily declining, reaching the mark of the beginning of 2019 at 406 operating rigs.
Although the price of $86 per barrel by the end of the year, which Goldman Sachs market analyst Daan Struyven announced on CNBC, can be considered quite optimistic for the US, the expert acknowledged that the world will face a very serious oil shortage in the second half of the year, which might reach 2 million barrels of oil per day amid record demand.
In fact, this means that inflation in the countries of the collective West will continue to grow, because the price of oil is involved in the pricing of almost all goods and services. If we remember that Moscow did put an end to the so-called grain deal, then it becomes obvious to us that the rise in oil prices will be accompanied by a rise in food prices.
Against this background, the launch of the new digital currency of the BRICS countries, backed by gold, if it does take place at the end of summer, will occur at a time when the number of people who want to get rid of the “green paper” losing its value will be a record one. Well, who is to blame for the fact that Washington and Brussels at some point decided that they would dictate their will to resource suppliers, introducing price ceilings and confiscating assets? Now the gloves are off.
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