Oil Prices Up To $100! Is The Fault of Renewable Energy Transition?
@Futures_Pro：
This week, Goldman Sachs raised its oil $WTI Crude Oil - main 2311(CLmain)$ price target to $100 once again, based on OPEC production cuts compounded by rising demand offsetting a sharp increase in U.S. supply.Meanwhile, while gasoline prices have risen in the U.S., sales of electric vehicles have fallen rather than risen. In Europe, the de-industrialization of Germany is no longer in the news, as the country's auto industry prepares for China's electric vehicle boom; What’s more, Brussels is working to build an energy transition supply chain from scratch.Offshore wind developments are being canceled one by one both in Europe and the U.S., and European solar developers are complaining that cheap Chinese solar panels are making it difficult for
