madeconomist

Is the Oil Index Set to Fall?

I agree oil will fall. If you look at where the oil prices are today, they look scarily similar to where the dotcom stocks were back in 2000 and real estate was back in 2005. Looks like its just a matter of time now. The question is how much would it fall? Most people will think that I have gone crazy, but I don't see any reason why oil should be priced at more than $80 per barrel, after taking into account all the possible risks and demand