LiquidSoapDispenser

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

Jason Schwarz seems to ignore the rapidly growing (and subsidized) number of Chinese oil consumers, clearly doesn't believe in peak oil, isn't worried about world politics disrupting supply, thinks US politicians will really (finally) implement a coherent energy policy, thinks investment in exploration and alternative energy sources won't dwindle if oil were to actually come down to $30/barrel, and seems to think the US populace would continue to conserve even if the price of gas were to get relatively cheap again. Do all these assumptions sound reasonable to ANYONE? I don't think one commenter agrees with this article.

On the same subject, oil analyst Charlie Maxwell was on Brinker's radio show over the weekend. Maxwell thinks oil will come down to 80-90 a barrel for about a year or two, then start marching back up... and up... My money is (literally) on Maxwell's prediction.