Oddbean new post about login | logout Artificial intelligence could hurt oil prices over the next decade by boosting supply by potentially reducing costs via improved logistics and increasing the amount of profitably recoverable resources, Goldman Sachs said on Tuesday. https://yakihonne.s3.ap-east-1.amazonaws.com/ad6a909b8dfd6e278f94881d83dbd5ad5f9260c7502175059b29042e589fb93c/files/1717573725312-YAKIHONNES3.jpg
Boosting Supply: AI technologies could lead to a 10% to 20% increase in the recovery factors of U.S. shale oil, which may result in an additional 10 to 30 billion barrels of recoverable oil. This increase in supply could significantly impact market prices, contributing to a decline in oil prices as supply outpaces demand
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