Castrese Tipaldi

Forget $100 a Barrel - Oil Will Plummet to $30

This man has no clue.

Someone should explain him that extraction cost for oil today are not less than 40-45 $ for barrell (add about the same amount for exploration cost), and only for the most efficient companies.

Moreover all the oilsands and deep water oil, even a lot of the oil in actual producing fields, would be gone with the price under 65-70 $, becoming uneconomic to extract.

Oil at 30 $ would mean just one thing: no oil in the market!

Another guy with no knowledge of that constant of our contemporary life: inflation!
(passing over all his other groundless assumptions)