The horror: if oil producers don't start investing in new production, crude could hit $300 in a few years, says Pierre Andurand. BUT if prices jump over $100 and quickly this will eliminate the risk of oil at $300.
“So paradoxically these peak demand fears (of the producers) might bring the largest supply shock ever,” he wrote. “If oil prices do not rise fast enough, US$300 oil in a few years is not impossible.”
Funnily enough--or suspiciously enough--Andurand, who wrote these opinions in a series of tweets, later deleted them. Even more funnily enough, one of the few people who share Andurand's opinion is Khalid al-Falid. The majority of the industry for some strange reason believes higher oil prices will hurt economies. Can't imagine why.