From DailyWire.com…
Oil prices will hit $100 per barrel in 2022, according to Goldman Sachs.
In a recent note, the investment bank pointed to “robust fundamentals” in the oil market and a “surprisingly large” oil supply deficit, according to a report from CNN Business. Nevertheless, Goldman Sachs pointed to a long-term “reluctance to invest in oil during the energy transition.”
Between November 2020 and November 2021, the average cost of gas increased from $2.01 to $3.40 per gallon in the United States. However, President Joe Biden’s allies have been emphasizing the smallest available signs of momentary cost decreases.
