AndyMan

$300/Barrel Oil Is Coming - Barron's Interview

tough to say where oil goes long term.....in terms of price.

But I can say that oil is getting heavier.....we are going to deeper waters, taking on more expensive projects....and exporting countries are all cannabolizing their exports with growing internal demand....and/or declining production aside from a few countries.

in 5-7 yrs....$300 is easily doable.

The deep sea oil fields will be getting smaller and smaller....mexico will be a net importer of oil....all new hybrids or NG cars will not be phased in to make up the lost amount of oil...etc.etc.etc