IEA (International Energy Agency) and Saudi Arabia oil prices will go and stay above $80 per barrel as output from Venezuela and Iran drops.
Saudi Arabia lifted output by 70,000 barrels a day to 10.42 million last month. This is short of the 11 million barrels per day that they promised.
Venezuela could drop from 1.2 million to 1 million barrels a day.
Iranian production has already fallen to the lowest since July 2016, at 3.63 million barrels a day. Iran’s oil production was at 4.4 to 4.5 million barrels per day. Iran oil exports have dropped 35% since April. In the first half of August, Iran’s oil exports fell from 2.32 million bpd to 1.68 million bpd.
Russia, Saudi Arabia and other Gulf members of OPEC promised to bolster production by about 1 million barrels a day but only part of the production increase is happening.
Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com
, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.
He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.