This is a question frequently asked by economists and financial analysts. In 2021, Morgan Stanley posted that $80 per barrel would cause demand destruction, but with prices exceeding $100 in 2022, they admit that they were wrong. As the COVID-19 pandemic recedes, people are eager to drive and fly more, and car prices are at all-time highs at the same time, making the switch to more efficient or electric vehicles less tenable. As a result, the critical price for oil may be quite a bit higher than $100 given current economic conditions.