John Pseudonym

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

"The gas guzzling SUV market has collapsed overnight. Americans have proven how easy it is to adjust to high oil."

The market collapsed because no one could afford to buy the cars...where last year they could lease them, this year they have to buy them...

China and India are building an oil economy; $30 oil with 2 Billion new customers?

I'm more than willing to listen to a $30 oil argument, but this article does nothing to convince me as it leaves the biggest factors in the price of oil.

Oil went up to far to fast and it's time for a breather. As the price drops demand will pick up and off we go on the next bull run.

The future average price of oil will be found and it will be higher than $30.

Why I'm Not Buying Oil's Recent 'Correction'

The oil chart went vertical and it's time for the price to come down; possibly a bunch...

After a short washout in price, the bull run in oil will begin again as the new "lower price" will increase demand as all those SUV's come off the blocks and back onto the road.