*Source – www.iea.org/reports/oil-2021
Hard Assets For Uncertain Times
Historic & Projected Demand
01
Ever Growing
Oil consumption worldwide reached 94.1 Million Barrels per day in 2021 (19.89 Million in the USA) and, even in the face of economic pressure due to the pandemic, is expected to reach 104.1 Million Barrels per day by 2026*.
02
West Texas Intermediate
WTI Crude Oil’s average price increased dramatically over the last few years ($94.53 in 2022).
03
Immediate Future
Oil is predicted to continue at its elevated rates for the foreseeable future, $80 – $90 being the new norm, and potentially going as high as $150 per barrel.