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Citigroup is out with another report anticipating U.S. energy independence by 2020, a time when...

Citigroup is out with another report anticipating U.S. energy independence by 2020, a time when "the bottom of today’s trading range ($90-$120/bbl) is going to be the top of the likely trading range" for crude oil. Among companies Citi mentions as big players and potential beneficiaries: CMI, NUE, ECA, CAT, DE, GE, MMM and SI.
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Comments (2)
  • bdarken
    , contributor
    Comments (492) | Send Message
     
    Oil is ~100/bbl now.
    Inflation is ~4-8%.
    By 2020, at the low end of that inflation number, we're looking at Oil at ~145/bbl.
    12 Feb 2013, 11:57 PM Reply Like
  • old crank
    , contributor
    Comments (20) | Send Message
     
    Something like that. How is that good for DE?
    13 Feb 2013, 08:52 AM Reply Like
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