inthemoney

Cheap Crude: A Flash in the (Oil) Pan

Just one thing, don't forget that it actually costs something to get the oil out of the ground. For this reason alone I don't see it going below $40. I see it being around $80 in a few months after the panic about us going into depression subsides. Remember, there is going to be only one end of the world, and this is not it. And we are pricing like there is no tomorrow at this point.