“Developments in the Middle East as well as in other major oil-producing regions may have a significant impact on global fuel prices,” answers Artificial Intelligence to the relevant question of “Dealnews”.
In detail, the AI response (the AI Chat app, supported by GPT-4) is as follows:
Q: Based on all the data you can collect and analyze from the global internet and based on developments in the Middle East, what do you think will be the course of fuel prices until 2030?
A: Forecasting future fuel prices is a complex task that is affected by many factors, including geopolitical developments, technological developments, global economic conditions and environmental policies. While I can provide an analysis based on available information, it is important to note that predicting fuel prices with certainty is difficult due to the dynamic nature of the energy market. Many key factors that could affect fuel prices through 2030 include:
- Geopolitical instability: Developments in the Middle East as well as other major oil-producing regions can have a significant impact on global fuel prices. Conflict, sanctions and political tensions can disrupt supply chains and affect price stability.
- Technological advances: Increasing adoption of renewable energy sources, advances in electric vehicle technology and improvements in energy efficiency could have a negative effect on demand for traditional fossil fuels, potentially affecting prices.
- Global economic growth: The trajectory of global economic growth, particularly in emerging markets, will shape demand for energy. Economic expansions can lead to increased fuel consumption and affect prices, while downturns can lead to reduced demand.
- Environmental policies: The implementation of environmental regulations, carbon pricing mechanisms and international agreements aimed at reducing greenhouse gas emissions can affect demand and production of fossil fuels and, subsequently, prices.
FROM THE PRINT EDITION
