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But we saved everything 🙂.
Tony Katz contends that only the U.S. and Russia require the current war, linking its necessity to oil market dynamics. He states an oil price of $160 per barrel is needed for both countries to make new field developments on their territories viable compared to $40–60 per barrel, which does not support such projects.
Katz further suggests that competition in the market is not desired by these nations.
Katz's assessment of oil price thresholds and market dynamics aligns with earlier warnings about heightened volatility in the energy sector, notably when he indicated that oil prices could surge dramatically in response to geopolitical shocks such as the 13 blasts that shook Dubai. The current discourse underscores his ongoing focus on how geopolitical events drive pivotal shifts in global oil markets.