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Will oil cost more than $100/barrel before 2030?
22
Ṁ1kṀ15k
2029
90%
chance

Political commentators have recently speculated that the combination of the Russo-Ukrainian War and the growth of electric vehicles will mean a decline of oil prices into the future. Will that happen?

To quantify this, will the price of oil, defined by WTI crude prices (https://markets.businessinsider.com/commodities/oil-price?type=wti) reach $100/barrel before January 1, 2030?

For one example discussion, see https://www.noahpinion.blog/p/the-reverse-opec-maneuver.

  • Update 2025-04-07 (PST) (AI summary of creator comment): Price Basis Clarification:

    • The price is measured in nominal dollars and is not inflation adjusted.

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Oil is down to the lowest price yet since the market was created: only $58.95/barrel earlier today.

bought Ṁ20 NO

not inflation adjusted?

@qumeric Correct, not inflation adjusted

This is like 99.9% yes.

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