Nikola

Halliburton: Oil Prices May Depend on Russia

It will be Groundhog Day all over again. We never learn. If we did, we would not have recessions every few years.

The best chance for alternative energy was blown with subprime and derivatives. Oil has to stay above $100 for a few years for the investment into alternatives to really kick in.

Now oil is at $40 mainly because demand is down. Once we get out of this mess (not so quick, but eventually), there will be demand for energy but not usable alternatives. And so people will use oil again. And oil will go up again.

In the mean time, do you see anyone screaming for solar and wind? No, it only happens when oil is expensive.