rtbob99

Oil: Time for Caution

I am sorry but talk of oil returning to $100/barrel without being triggered by a severe worldwide depression is optimistic blather.

Yergin has been engaged in such talk for several years now and has been consistently wrong for the entire time.

Cycles be hanged. This is not a cycle. Demand surpassing steepening production decline is not a cycle, it is a one time irreversible fundamental change in the oil picture.

Please rethink.