jayminho

Fundamentals Don't Support Oil at $55-60 a Barrel

you are wrong mister.
when it comes to oil, your fundamentals must include

- lunatic dictators
- even more scarce fields
- oil addiction (battery cars? so what?)
- wars, wars and more wars.
- china, india, brazil growth

add to this, all of its variants (almost endless)
and you will get the result

oil = way over $60.