let s start with oil, because at the weekend, the secretary general of the organization of petroleum exporting countries, haitham al ghais, said he expects global oil demand to exceed pre pandemic levels this year. so what does this mean for the oil industry? joining me now is russ mould, investment director at aj bell. does this mean we are going to hit $100 per barrel again in 2023? , ., , hit $100 per barrel again in 2023? ., , ., hit $100 per barrel again in 2023? a, a a, 2023? gosh, that s a tricky question 2023? gosh, that s a tricky question for 2023? gosh, that s a tricky question for this 2023? gosh, that s a tricky question for this time - 2023? gosh, that s a tricky question for this time of i 2023? gosh, that s a tricky | question for this time of day. you can certainly construct a case where you can see oil going back up, perhaps not to the height of last year, but we have china reopening, the davos crowd and the imf seeming less worried about global econo
wednesday? is it going to protect consumers or will there be another effect which makes it dangerous? we be another effect which makes it dangerous? it dangerous? we have to remember. it dangerous? we have to remember, this it dangerous? we have to remember, this cap - it dangerous? we have to remember, this cap onlyl it dangerous? we have to - remember, this cap only covered a very narrow band of energy trading. effectively, it covered just trading on the exchanges for a specified period of time. it didn t have longer trades. period of time. it didn t have longertrades. reallyjust trading within a certain period. you could always trade at the same time on the over the counter market, effectively bilateral deals between different counterparts. so when you look at what you would actually have to pay for gas and what you pass on to consumers, it wouldn t have had an effect on those prices. 0ne an effect on those prices. one of the risks of imposing the cat is you are taking liquidit