Jack Yetiv

Crude Oil Prices: Bears Will Soon Win Out

Agree with both of Mr. Kingsdale's comments, but the correction will NOT be severe because OPEC will NOT let oil go south of $100-$110 for any meaningful length of time.

In fact, it may not be much more than $10-15 because if it happens, I would not be surprised if OPEC announces a CUT in production, and just that announcement will stop the correction.

Jack