cdcaddy

John Hussman: Is There a Possibility of $60 Oil?

Geez - I could have written this tripe...OPEC is searching for the point of diminishing return...right now they have oil over $100 which is a price point they have wanted...as demand curbs - so will production, they won't flood the market with product - NO manufacturer would do that... So unless the global economy tanks - OPEC will keep their finger on the pulse to ensure optimal pricing. I'd love to see $60 oil...but we are along way from that at the moment...