Why $100 OIl Is Different This Time Around

Despite the correction this week, global oil prices remain through the roof, and the global push to move away from fossil fuels seems to be reversing its course as the global economy reverberates from the continued fallout of the novel coronavirus pandemic and the geopolitical turmoil spurred by Russia’s invasion of Ukraine. But despite the fact that the oil sector is making a roaring comeback, don’t expect another shale boom.  Last time oil prices rose over $100 a barrel, it set off a real estate and investing boom across oil…