Oil Price News - Oil prices are headed to $150 a barrel

JPMorgan's Malek Still Sees Oil at $150
• We can’t just rely on Saudi Oil
• Oil capex has never been so low
• Structural Deficit
• 107-110 MBO By 2030 – in 8 years –
• When China comes out of lockdowns
• Nat Gas to oil conversation
SCO summit
• China, Russia, Iran, Saudi Arabia forming and anti-western alliance.
Watch CNBC's full interview with India's Petroleum Minister Hardeep Singh Puri
India's Petroleum Minister Hardeep Singh Puri told CNBC's Hadley Gamble his country will carefully assess whether to support a G-7 proposal to impose a cap on the price of Russian oil. “There are many conversations going on due to a large number of factors,” Puri said at Gastech 2022 in Milan, Italy.

• Oil Demand is higher than supply
• Energy today is the lifeline of the economy
• For the next 2 decades we see India oil demand going to over 9 million BOPD
'Which Uses More Electricity...A Refrigerator When It's Running Or Electric Car When It's Charging?'
• At today's House Transportation Committee hearing, Rep. Thomas Massie (R-KY) questioned Sec. Pete Buttigieg.

• Electric car uses 50 X more energy than a running refrigerator
• Do you think it would strain the grid if all Americans plugged in 25 refrigerators
• The average household uses 17% of electricity for air conditioning. It would take 4 x more energy than what is used by air conditioning.

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00:00 Introduction
02:00 JPMorgan's Malek Still Sees Oil at $150
07:07 Watch CNBC's full interview with India's Petroleum Minister Hardeep Singh Puri
09:53 Which Uses More Electricity...A Refrigerator When It's Running Or Electric Car When It's Charging?
16:57 • China, Russia, Iran, Saudi Arabia forming and anti-western alliance.
26:27 Sri Lanka Green Energy Demise