The Cure For High Oil Prices Might Just Be Higher Oil Prices

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The Cure For High Oil Prices Might Just Be Higher Oil Prices

Fundamentals and geopolitics have pushed oil prices rallying by 20 percent so far this year to levels last seen in the autumn of 2014. The price at over $90 a barrel is up by more than 60 percent from this time last year, and many analysts say that $100 oil is now a matter of when, not if.  Oil majors and oil-producing countries part of the OPEC+ alliance have seen the benefits of rallying oil prices with huge cash flows and profits, and government oil revenues, respectively.   While these handsome benefits of the high oil prices...

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