Timothy Stolz

Oil Prices Search for a Bottom

Jim....your parting comment mentioned that you would not be surprised to see the price of oil "starting with a 5 before this is over" and then a further comment that you would not expect that price level to last very long.
Do you see that "5" as a starting figure for the price of a barrel of oil in our near future or further down the road? How long would you guess that price would last?
Thanks.