According to the same report, Goldman Sachs analysts enumerate several reasons for changing the oil price forecast. Firstly, a record sale of the Strategic Petroleum Reserve, The second major factor is the changing economic situation in China and this is Russia's invasion of Ukraine.
BUT: is it that true? Are we doing the right thing or the easy thing?
Emmanuel and I spent some time talking about the different factors that influenced the energy market and took a bit of a different approach to tackling the problem. We both believe that starving oil companies is the easy solution that isn't working and that achieving efficiency is the way to go.
Disclaimer: non of the content in this video constitutes investment advice.