Incredible demand, inflation, and shareholder pressure on oil supermajors to drastically cut emissions could lead to an oil crisis and oil prices above $100 within 3 years, says David Tawil, president of Maglan Capital. Tawil has been very bullish on oil for some time, and thinks that the prices could hit $100 per barrel soon. In the near term, oil prices have more room to rise, both from inflationary standpoint but also from demand standpoint, he told Fox Business. Oil prices are set to rise “consistently and considerably now into the end of the year,” Tawil said. Also on rt.com
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