by Tim Melvin
The IEA expected oil demand to surge, thanks to increased air travel and the continued reopening of China. As a result, the agency expects global demand to exceed supply starting in the second half of 2023.
While renewable energy will be the fastest-growing fuel source in the coming years, we are still several decades away from it being the primary fuel source.
The actual percentage of electric vehicles sold will be about 30% of all cars purchased if oil prices are at a high level, or less than 15% if gas is cheap.
Berkshire now owns about $12.5 billion worth of Occidental shares.
Insiders are not buying because they think oil and gas prices will decrease.
Source: Investors Alley
https://dailytradealert.com/2023/03/25/ ... investors/
