Ant1967

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

This is just a correction. Sure you might even see $65/barrel. It won't stay at that level no matter how weak/strong the dollar is. Oil is reaching its peak- if it's not there now. Even if we find huge fields it going to take years to get it from the dinosaurs' graves. What will happen in that interim? Oil will correct itself going to $200/barrel eventually and keep climbing up in price to prices which will cripple our modern oil dependent societies.

The Oil Bubble Will Meet the Same Fate as Tech, Housing

It's a tiny correction. Oil in due time will hit $200, stay there for a while then take a dip (like now) then begin the march to $400. Like there's little chance that the middle east won't experience a major conflict in the not so distant future.