06-10-2021, 09:20 AM
Ironically it is cause by low demand reducing production.
Then demand goes up quickly the supply cannot catch up.
Coal is probably easier because can just reopen mines.
But oil has long lead time from exploration to production.
Wonder if we will see oil at $100 again...
Then demand goes up quickly the supply cannot catch up.
Coal is probably easier because can just reopen mines.
But oil has long lead time from exploration to production.
Wonder if we will see oil at $100 again...