Oil prices could go above $100: BofA researcher

[Zibago]

 

[Pandora]

Tough times a head and a second wakeup call to Pakistan to diversify and plan long term.

 

[Genghis khan1]

Tough times a head and a second wakeup call to Pakistan to diversify and plan long term.

Long term planning,!! That’s a huge order for nation that’s lives of instant gratification.

Oil was dirty cheap year ago, for a moment WTI crude oil went into negative. If anyone had bit of a common sense in Pakistan they would have use fill up all their strategic reserve ( I doubt they have any) or at least start building some for time, when there is a next dip in oil prices.

Now oil is going to cross $100/bbl mark, and Pakistan govts will go bankrupt because IMF is already screwing Pakistan just for $6 billion. Pakistan oil import is going to be $15 billion/ year.

 

[jamahir]

This is fantastic news. May those majority privately-owned personal transport 300 million cars in India and the many more two-wheelers grind to a halt. May the same personal transport vehicles in China and USA grind to a halt. These three countries are the top three polluters in the world.

So how should the people travel then ? This is how.

 

[Indos]

IMO, OPEC will avoid oil price reaching more than 90 USD per barrel.

 

[Genghis khan1]

This is fantastic news. May those majority privately-owned personal transport 300 million cars in India and the many more two-wheelers grind to a halt. May the same personal transport vehicles in China and USA grind to a halt. These three countries are the top three polluters in the world.

So how should the people travel then ? This is how.

Oil prices don’t effect US consumer like rest of the world. On average, The price difference is $5 to $7 dollars to fill up the family car fuel tank from empty.

IMO, OPEC will avoid oil price reaching more than 90 USD per barrel.

Because US will tell Saudis to start pumping more oil to stabilize western economies. If I was running OPEC, I would let it rise and use its as strategic tool. But than again if Saudis stop pumping, US will throw a bone to Iranian and they will fill the gap.

 

[Verve]

OPEC shafting everyone incase Iran comes online ..

 

[Pandora]

Long term planning,!! That’s a huge order for nation that’s lives of instant gratification.

Oil was dirty cheap year ago, for a moment WTI crude oil went into negative. If anyone had bit of a common sense in Pakistan they would have use fill up all their strategic reserve ( I doubt they have any) or at least start building some for time, when there is a next dip in oil prices.

Now oil is going to cross $100/bbl mark, and Pakistan govts will go bankrupt because IMF is already screwing Pakistan just for $6 billion. Pakistan oil import is going to be $15 billion/ year.

Pakistan has no strategic reserves for oil just enough storage for 15 days worth of oil as back up. Building up storage capacity also will cost a lot money. It is better to diversify toward low carbon tech like Electric/Hybrid vehicles. Use Electric stoves, Electric heaters, Electric gysers to reduce dependence on hydrocarbon based energy needs. It will take time but should be done.

 

[American Pakistani]

Tough times a head and a second wakeup call to Pakistan to diversify and plan long term.

The only longterm plan is to convert everything to electric. Pakistan being poor can easily get aid and technology at this time when world is focused on climate change. Won't be getting support after say 10 years.

 

[Genghis khan1]

Pakistan has no strategic reserves for oil just enough storage for 15 days worth of oil as back up. Building up storage capacity also will cost a lot money. It is better to diversify toward low carbon tech like Electric/Hybrid vehicles. Use Electric stoves, Electric heaters, Electric gysers to reduce dependence on hydrocarbon based energy needs. It will take time but should be done.

The only longterm plan is to convert everything to electric. Pakistan being poor can easily get aid and technology at this time when world is focused on climate change. Won't be getting support after say 10 years.

Converting everything to electric is one thing, to fix the issue degenerate living off of khota biryani needs to stop giving IPP contracts to oil and gas run power stations.

Pakistan best bet to avoid looming bankruptcy in future, is to build dozens of large to medium hydropower plants, preferably using money, i.e foreign reserves. Otherwise loan, interest, markup, fees , fines. Unit price will be lot higher

 

[HAIDER]

The only longterm plan is to convert everything to electric. Pakistan being poor can easily get aid and technology at this time when world is focused on climate change. Won't be getting support after say 10 years.

We have talent and material .... but govt generates massive revenue from oil ...

Pakistan’s first e-bike receives overwhelming response

File photo

• Manufacturer of country's first electric bike elated over market response.
• Jolta Electric CEO says company is rolling out 1,000 units per month and intend to raise production to 6,000 by December.
• Says students, teachers and courier companies have shown interest in e-bike.

KARACHI: Pakistan’s first electric bike has received an overwhelming response from the market, according to a report published in Dawn Tuesday.
The company’s CEO told the publication that “an overwhelming response was received from new buyers”, without sharing further details about how many units have been booked so far.
Prime Minister Imran Khan had launched Jolta’s JE-70 model at a ceremony in Islamabad earlier this month. It is priced at Rs82,500 and has a maximum speed limit of 60 km per hour.
Mohammad Usman Sheikh, the CEO of Jolta Electric, told the newspaper that the company introduced the JE-70 e-bike with their indigenously developed technology, without any joint venture with a foreign manufacturer.

 

[Shotgunner51]

personal transport vehicles in China

Since I have switched to EV I become far less sensitive to gas price fluctuation than before. More people around me are doing so.

 

[HttpError]

This is fantastic news. May those majority privately-owned personal transport 300 million cars in India and the many more two-wheelers grind to a halt. May the same personal transport vehicles in China and USA grind to a halt. These three countries are the top three polluters in the world.

So how should the people travel then ? This is how.

EV and solar systems are great solutions and the same way Bitcoin will replace this plagued financial system. Bitcoin to $100,000

 

[Meengla]

Oil prices don’t effect US consumer like rest of the world. On average, The price difference is $5 to $7 dollars to fill up the family car fuel tank from empty.

Correct.
Yesterday I filled about 8.5 gallons (the American Gallon--I think about 3.7 liters/ gallon) of gasoline in my tiny vehicle (Toyota Yaris 2009) for about $27 at about $3+ dollars. I think my vehicle can take 11 gallons total. While that would seem like a lot more money than what I had likely paid not many months ago, the extra $6-7 is nothing to me and to most American consumers. [Rough calculations! Don't hold me to them! Too lazy to Google or check wallet!]

But what is a potential major disruptor in America these days is shortage of truck drivers! That problem has been around for a while but the 'Great Resignation' wave since Covid started is likely to have some serious consequences for everyday life. Americans have it very affordable and convenient with tons of consumer choices for a long time in consumer goods, groceries, utility bills compared with just about any other country in the world, I think. For the first time I am starting to pay some attention to the Dooms Day Pundits in this country. Covid is game changer--a once in multi-generations disruptor whose consequences are still unfolding.