Medvedev expects a surge in oil and gas prices in 2023

Dmitry Medvedev, deputy chairman of the Security Council of Russia, voiced his new forecast for oil and gas prices in 2023. According to a recent post published on his Telegram channel on Monday, oil prices might rise to a level of $150 per barrel, while gas prices will probably reach $5,000 per 1,000 cubic meters.

Medvedev also disclosed his geopolitical and financial projections. He suggests that such events as a return of Great Britain to the European Union and the bloc’s subsequent collapse are likely to happen next year. In case it happens, he also expects that the euro will cease to be the former EU currency.

Medvedev also predicted various events to happen in Europe, including an occupation of the “former Ukraine” western parts by Poland and Hungary. Concerning the U.S., Medvedev said that a civil war in the country is possible, additionally forecasting a separation of California and Texas into independent states and an election of billionaire Elon Musk as the U.S. president in some states where the Republicans would take over as a result of the predicted civil war.

Besides that, Medvedev supposed that centers of financial activity and all major stock markets would be transferred to Asia from Europe and the U.S. He mentioned that a collapse of the Bretton Woods system of monetary management and the subsequent crash of the IMF and World Bank are also possible. As assumed by Medvedev, the dollar and the euro might stop being used as the global reserve currencies, and a "return of the gold standard" would happen to replace them.