$25 Oil Could Happen Before a Return to $100 [View article]
"...so I'm guessing we are getting close to the point where stocks will turn the corner... The truth is, I have no idea where oil prices are headed."
I'll take your 2-to-1 wager. At $25 a barrel, all of the unconventional, most of the US onshore, and half of the Gulf Coast gets shut in. Equilibrium is ~$50 on reduced demand in China.
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"...so I'm guessing we are getting close to the point where stocks will turn the corner... The truth is, I have no idea where oil prices are headed."
Dec 05 09:16 am
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All Comments by Alan von Altendorf »$25 Oil Could Happen Before a Return to $100 [View article]
I'll take your 2-to-1 wager. At $25 a barrel, all of the unconventional, most of the US onshore, and half of the Gulf Coast gets shut in. Equilibrium is ~$50 on reduced demand in China.