Every Russian should be able to speculate about oil price - a | FinArt

Every Russian should be able to speculate about oil price - a topic for small talk discussions on the kitchen. People say (Goldman Sachs and JP Moragan) oil price will rise not on the back o of energy-hungry China that will boost consumption, but stimulus spending by governments around the world, such as the $1.9tn proposed in the US by the Biden administration . "This type of stimulus aimed at middle and lower class income [households] creates significant, commodity-intensive consumption, as they have a much higher propensity to consume". Other believe that in the long-term transition to green energy creates a scarcity of oil supply pushing oil price higher. https://www.ft.com/content/f87ce114-f437-4c3f-bb73-fa38ca78146b