bullish
Drilling Boom
SUMMARY
- Gas prices have skyrocketed over the last year as a result of supply shortages, elevated travel demand and geopolitical tensions in Ukraine.
- With Demand currently Outstripping Supply, and the current administration struggling to secure resources, average gas prices have reached an all-time high of $4.63/barrel, with some estimating that it could climb annoyed 30-40% by the end of the year.
- With renewable energy makers currently struggling to scale up, Biofuel and Renewable Natural Gas are now emerging as an alternative to power the transportation network and Grid.
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