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The lack of investment in oil production is going to drive up our fuel costs. Investors are scared of the governments push for EVs.
Oil rally to continue in 2022 as demand outstrips supply, analysts say
Oil prices that rallied 50% in 2021 will power further ahead this year, some analysts predict, saying a lack of production capacity and limited investment in the sector could lift crude to $90 or even above $100 a barrel.
www.reuters.com