{"id":1369,"date":"2017-10-25T08:39:39","date_gmt":"2017-10-25T08:39:39","guid":{"rendered":"http:\/\/madaresharghi.com\/oil-may-crash-to-10-with-electric-vehicle-revolution\/"},"modified":"2017-10-25T08:39:39","modified_gmt":"2017-10-25T08:39:39","slug":"oil-may-crash-to-10-with-electric-vehicle-revolution","status":"publish","type":"post","link":"https:\/\/madaresharghi.ir\/en\/oil-may-crash-to-10-with-electric-vehicle-revolution\/","title":{"rendered":"Oil May Crash to $10 With Electric Vehicle Revolution"},"content":{"rendered":"<p><a href=\"http:\/\/madaresharghi..com\">madaresharghi<\/a><br \/>\n<\/p>\n<p> \tOil prices will crash to just $10 per barrel over the next six to eight years, as alternative energy fuels continue to attract more and more investors, Chris Watling, chief executive of London-based economic research firm Longview Economics, predicted.<br \/> \tWhen looking ahead to 2018, Watling acknowledged that a key catalyst for the oil market would most likely be Saudi Aramco&#8217;s initial public offering in the second half of next year, CNBC reported on Friday.<br \/> \tWhen he was asked about Saudi Arabia&#8217;s state oil group being launched on the international stock market, he replied, &#8220;I think they need to get it away quick before oil goes to $10 per barrel.&#8221;<br \/> \tWhile Watling explained that he did not necessarily expect such an intense decline in oil prices over the coming weeks or months, he did argue that over the long run, &#8220;what happens with electric vehicles is really, really important&#8221; given that around 70% of oil is used for transportation.<br \/> \t&#8220;The world did not live on oil 120 years ago. Oil has not always driven the global economy\u2026 The point is alternative energy in some forms is gathering speed and things are changing,&#8221; he added.<br \/> \tThe Longview Economics CEO forecast the price of oil would ultimately slump to $10 a barrel over the next six to eight years.<br \/> \tThe price of oil collapsed from almost $120 a barrel in June 2014 due to weak demand, a strong dollar and booming US shale production.<br \/> \tOPEC&#8217;s reluctance to cut output was also seen as a key reason behind the fall. But, the oil group soon moved to curb production\u2014along with other oil producing nations\u2014in late 2016.<\/p>\n<p> \t\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>madaresharghi Oil prices will crash to just $10 per barrel over the next six to eight years, as alternative energy fuels continue to attract more and more investors, Chris Watling, chief executive of London-based economic research firm Longview Economics, predicted. When looking ahead to 2018, Watling acknowledged that a key catalyst for the oil market [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2,8],"tags":[639],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Oil May Crash to $10 With Electric Vehicle Revolution - madaresharghi | An Analytical Look at Middle Eastern Developments<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/madaresharghi.ir\/en\/oil-may-crash-to-10-with-electric-vehicle-revolution\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil May Crash to $10 With Electric Vehicle Revolution - madaresharghi | An Analytical Look at Middle Eastern Developments\" \/>\n<meta property=\"og:description\" content=\"madaresharghi Oil prices will crash to just $10 per barrel over the next six to eight years, as alternative energy fuels continue to attract more and more investors, Chris Watling, chief executive of London-based economic research firm Longview Economics, predicted. When looking ahead to 2018, Watling acknowledged that a key catalyst for the oil market [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/madaresharghi.ir\/en\/oil-may-crash-to-10-with-electric-vehicle-revolution\/\" \/>\n<meta property=\"og:site_name\" content=\"madaresharghi | An Analytical Look at Middle Eastern Developments\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-25T08:39:39+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data1\" content=\"1 minute\">\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/madaresharghi.ir\/en\/#website\",\"url\":\"https:\/\/madaresharghi.ir\/en\/\",\"name\":\"madaresharghi | An Analytical Look at Middle Eastern Developments\",\"description\":\"madaresharghi | An Analytical Look at Middle Eastern Developments\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/madaresharghi.ir\/en\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/madaresharghi.ir\/en\/oil-may-crash-to-10-with-electric-vehicle-revolution\/#webpage\",\"url\":\"https:\/\/madaresharghi.ir\/en\/oil-may-crash-to-10-with-electric-vehicle-revolution\/\",\"name\":\"Oil May Crash to $10 With Electric Vehicle Revolution - madaresharghi | An Analytical Look at Middle Eastern Developments\",\"isPartOf\":{\"@id\":\"https:\/\/madaresharghi.ir\/en\/#website\"},\"datePublished\":\"2017-10-25T08:39:39+00:00\",\"dateModified\":\"2017-10-25T08:39:39+00:00\",\"author\":{\"@id\":\"https:\/\/madaresharghi.ir\/en\/#\/schema\/person\/c52e345120843d5f259215c4e809cdd2\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/madaresharghi.ir\/en\/oil-may-crash-to-10-with-electric-vehicle-revolution\/\"]}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/madaresharghi.ir\/en\/#\/schema\/person\/c52e345120843d5f259215c4e809cdd2\",\"name\":\"administrator\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/madaresharghi.ir\/en\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/901309319175b0d219e688b01909d220?s=96&d=mm&r=g\",\"caption\":\"administrator\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/posts\/1369"}],"collection":[{"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/comments?post=1369"}],"version-history":[{"count":0,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/posts\/1369\/revisions"}],"wp:attachment":[{"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/media?parent=1369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/categories?post=1369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/tags?post=1369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}